CNO Financial Group, Inc. $CNO Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its position in CNO Financial Group, Inc. (NYSE:CNO) by 43.5% during the third quarter, Holdings Channel reports. The firm owned 19,289 shares of the financial services provider’s stock after selling 14,860 shares during the period. SG Americas Securities LLC’s holdings in CNO Financial Group were worth $763,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. Turning Point Benefit Group Inc. acquired a new stake in shares of CNO Financial Group during the second quarter worth about $32,000. EverSource Wealth Advisors LLC lifted its stake in CNO Financial Group by 123.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,176 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 649 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of CNO Financial Group by 39.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,194 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 336 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of CNO Financial Group by 637.4% in the first quarter. Geneos Wealth Management Inc. now owns 1,438 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 1,243 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in shares of CNO Financial Group during the second quarter worth $88,000. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CNO shares. Keefe, Bruyette & Woods upped their price target on shares of CNO Financial Group from $44.00 to $45.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. Jefferies Financial Group raised CNO Financial Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $42.00 to $47.00 in a report on Monday, December 15th. Wall Street Zen raised 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 report on Wednesday, October 8th. Finally, Piper Sandler upped their price objective on CNO Financial Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 23rd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $45.00.

CNO Financial Group Price Performance

Shares of CNO Financial Group stock opened at $40.44 on Wednesday. The firm has a market cap of $3.86 billion, a PE ratio of 14.14 and a beta of 0.85. CNO Financial Group, Inc. has a twelve month low of $34.63 and a twelve month high of $44.19. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.45. The business has a 50-day moving average price of $41.80 and a 200 day moving average price of $39.83.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Monday, November 3rd. The financial services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $0.95 by $0.34. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $975.35 million. CNO Financial Group had a return on equity of 15.81% and a net margin of 6.64%.CNO Financial Group’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company earned $1.11 earnings per share. Sell-side analysts predict that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Wednesday, December 10th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, December 10th. CNO Financial Group’s payout ratio is presently 23.78%.

Insiders Place Their Bets

In other CNO Financial Group news, CMO Rocco F. Tarasi III sold 9,283 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $42.60, for a total value of $395,455.80. Following the transaction, the chief marketing officer owned 73,932 shares in the company, valued at approximately $3,149,503.20. This trade represents a 11.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gary C. Bhojwani sold 31,430 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $41.99, for a total value of $1,319,745.70. Following the transaction, the chief executive officer owned 195,926 shares in the company, valued at approximately $8,226,932.74. This represents a 13.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 89,378 shares of company stock worth $3,722,146. Company insiders own 3.38% of the company’s stock.

CNO Financial Group Profile

CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.