Peregrine Capital Management LLC Sells 10,660 Shares of CNO Financial Group, Inc. $CNO

Peregrine Capital Management LLC decreased its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 8.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,459 shares of the financial services provider’s stock after selling 10,660 shares during the quarter. Peregrine Capital Management LLC’s holdings in CNO Financial Group were worth $4,535,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. raised its holdings in CNO Financial Group by 1.0% in the third quarter. Franklin Resources Inc. now owns 4,302,316 shares of the financial services provider’s stock worth $170,157,000 after purchasing an additional 42,467 shares during the period. Morgan Stanley boosted its position in shares of CNO Financial Group by 20.5% during the fourth quarter. Morgan Stanley now owns 1,870,982 shares of the financial services provider’s stock worth $79,461,000 after purchasing an additional 317,690 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of CNO Financial Group by 35.6% in the 4th quarter. AQR Capital Management LLC now owns 1,218,033 shares of the financial services provider’s stock valued at $51,730,000 after buying an additional 319,795 shares during the period. JPMorgan Chase & Co. increased its position in shares of CNO Financial Group by 11.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 882,512 shares of the financial services provider’s stock valued at $34,903,000 after buying an additional 91,417 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its position in shares of CNO Financial Group by 32.6% in the 2nd quarter. Balyasny Asset Management L.P. now owns 764,867 shares of the financial services provider’s stock valued at $29,509,000 after buying an additional 187,974 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.

Insider Transactions at CNO Financial Group

In related news, CMO Rocco F. Tarasi III sold 5,750 shares of CNO Financial Group stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $50.00, for a total value of $287,500.00. Following the sale, the chief marketing officer owned 79,191 shares of the company’s stock, valued at approximately $3,959,550. This trade represents a 6.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gary C. Bhojwani sold 86,048 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $51.48, for a total value of $4,429,751.04. Following the completion of the sale, the chief executive officer owned 174,264 shares in the company, valued at $8,971,110.72. The trade was a 33.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 95,106 shares of company stock valued at $4,879,343. 3.44% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CNO. Keefe, Bruyette & Woods lifted their target price on CNO Financial Group from $46.00 to $50.00 and gave the stock a “market perform” rating in a report on Tuesday, May 5th. Evercore set a $48.00 target price on CNO Financial Group and gave the company an “in-line” rating in a research note on Monday, June 1st. Weiss Ratings restated a “buy (b)” rating on shares of CNO Financial Group in a report on Monday, April 20th. Finally, Wall Street Zen lowered CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, CNO Financial Group currently has a consensus rating of “Moderate Buy” and an average target price of $48.75.

CNO Financial Group Price Performance

CNO stock opened at $52.08 on Thursday. The stock has a 50-day moving average price of $47.77 and a two-hundred day moving average price of $44.09. CNO Financial Group, Inc. has a 1 year low of $35.24 and a 1 year high of $53.03. The stock has a market cap of $4.86 billion, a PE ratio of 20.91 and a beta of 0.81. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.61.

CNO Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were issued a dividend of $0.18 per share. The ex-dividend date was Wednesday, June 10th. This is a boost from CNO Financial Group’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.4%. CNO Financial Group’s dividend payout ratio is 28.92%.

About CNO Financial Group

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.