CNO Financial Group, Inc. $CNO Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its stake in CNO Financial Group, Inc. (NYSE:CNO) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,500,181 shares of the financial services provider’s stock after selling 32,907 shares during the quarter. Geode Capital Management LLC owned about 2.52% of CNO Financial Group worth $96,466,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Assetmark Inc. raised its stake in shares of CNO Financial Group by 12.6% in the 2nd quarter. Assetmark Inc. now owns 3,963 shares of the financial services provider’s stock valued at $153,000 after acquiring an additional 444 shares during the period. KLP Kapitalforvaltning AS increased its holdings in CNO Financial Group by 2.4% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 21,000 shares of the financial services provider’s stock valued at $810,000 after purchasing an additional 500 shares during the last quarter. State of Wyoming raised its position in CNO Financial Group by 6.1% in the first quarter. State of Wyoming now owns 10,602 shares of the financial services provider’s stock valued at $442,000 after purchasing an additional 611 shares during the period. PNC Financial Services Group Inc. lifted its stake in CNO Financial Group by 13.1% during the first quarter. PNC Financial Services Group Inc. now owns 5,483 shares of the financial services provider’s stock worth $228,000 after purchasing an additional 633 shares in the last quarter. Finally, CWM LLC boosted its position in shares of CNO Financial Group by 27.7% during the first quarter. CWM LLC now owns 3,007 shares of the financial services provider’s stock worth $125,000 after buying an additional 653 shares during the period. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Insider Buying and Selling at CNO Financial Group

In related news, CIO Eric R. Johnson sold 48,665 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $41.24, for a total transaction of $2,006,944.60. Following the completion of the sale, the executive owned 671,542 shares in the company, valued at $27,694,392.08. The trade was a 6.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.00% of the company’s stock.

CNO Financial Group Stock Up 1.8%

Shares of CNO Financial Group stock opened at $40.51 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.50. CNO Financial Group, Inc. has a 52-week low of $34.63 and a 52-week high of $43.20. The company has a market capitalization of $3.86 billion, a P/E ratio of 14.95 and a beta of 0.94. The company has a 50 day moving average of $39.87 and a 200 day moving average of $38.60.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Friday, May 19th. The financial services provider reported $0.84 earnings per share for the quarter. The business had revenue of $968.30 million for the quarter. CNO Financial Group had a net margin of 6.41% and a return on equity of 16.63%. As a group, research analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.7%. CNO Financial Group’s dividend payout ratio is presently 23.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wall Street Zen upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of CNO Financial Group in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods increased their price target on shares of CNO Financial Group from $44.00 to $45.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.60.

CNO Financial Group Profile

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face.