SG Americas Securities LLC Sells 10,151 Shares of CNO Financial Group, Inc. (NYSE:CNO)

SG Americas Securities LLC trimmed its position in CNO Financial Group, Inc. (NYSE:CNO – Get Rating) by 22.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 34,319 shares of the financial services provider’s stock after selling 10,151 shares during the quarter. SG Americas Securities LLC’s holdings in CNO Financial Group were worth $617,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vident Investment Advisory LLC increased its holdings in CNO Financial Group by 2.9% during the 1st quarter. Vident Investment Advisory LLC now owns 30,096 shares of the financial services provider’s stock worth $754,000 after purchasing an additional 859 shares in the last quarter. Yousif Capital Management LLC increased its holdings in CNO Financial Group by 1.2% during the 1st quarter. Yousif Capital Management LLC now owns 72,228 shares of the financial services provider’s stock worth $1,812,000 after purchasing an additional 870 shares in the last quarter. US Bancorp DE increased its holdings in CNO Financial Group by 19.1% during the 2nd quarter. US Bancorp DE now owns 5,833 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 934 shares in the last quarter. Wipfli Financial Advisors LLC bought a new stake in CNO Financial Group during the 3rd quarter worth approximately $25,000. Finally, Mackenzie Financial Corp increased its holdings in CNO Financial Group by 3.9% during the 3rd quarter. Mackenzie Financial Corp now owns 37,120 shares of the financial services provider’s stock worth $667,000 after purchasing an additional 1,391 shares in the last quarter. 96.15% of the stock is owned by institutional investors.

CNO Financial Group Price Performance

Shares of NYSE CNO opened at $22.96 on Monday. CNO Financial Group, Inc. has a twelve month low of $16.56 and a twelve month high of $26.74. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 2.14. The stock’s 50 day moving average price is $22.78 and its 200-day moving average price is $20.44. The company has a market capitalization of $2.63 billion, a PE ratio of 5.84 and a beta of 1.13.

CNO Financial Group (NYSE:CNO – Get Rating) last posted its quarterly earnings data on Monday, October 31st. The financial services provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. CNO Financial Group had a return on equity of 10.16% and a net margin of 12.76%. The business had revenue of $905.30 million for the quarter, compared to the consensus estimate of $893.80 million. During the same quarter in the prior year, the business earned $0.72 earnings per share. CNO Financial Group’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, equities analysts anticipate that CNO Financial Group, Inc. will post 2.32 EPS for the current year.

CNO Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Friday, December 9th were paid a $0.14 dividend. The ex-dividend date was Thursday, December 8th. This represents a $0.56 annualized dividend and a yield of 2.44%. CNO Financial Group’s payout ratio is 14.25%.

Analysts Set New Price Targets

A number of brokerages have commented on CNO. Royal Bank of Canada boosted their price objective on CNO Financial Group from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday, November 2nd. Morgan Stanley boosted their target price on CNO Financial Group from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 10th. Piper Sandler boosted their target price on CNO Financial Group from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, October 7th. Finally, StockNews.com assumed coverage on CNO Financial Group in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, CNO Financial Group presently has an average rating of “Hold” and a consensus target price of $24.00.

CNO Financial Group Company Profile

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CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products 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.