SG Americas Securities LLC Sells 29,802 Shares of CNO Financial Group, Inc. (NYSE:CNO)

SG Americas Securities LLC lessened its stake in shares of CNO Financial Group, Inc. (NYSE:CNO – Get Rating) by 86.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,517 shares of the financial services provider’s stock after selling 29,802 shares during the period. SG Americas Securities LLC’s holdings in CNO Financial Group were worth $103,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of CNO Financial Group by 1.5% in the third quarter. Vanguard Group Inc. now owns 13,422,523 shares of the financial services provider’s stock worth $241,203,000 after purchasing an additional 198,429 shares during the last quarter. LSV Asset Management grew its stake in shares of CNO Financial Group by 1.2% in the third quarter. LSV Asset Management now owns 5,088,695 shares of the financial services provider’s stock worth $91,444,000 after purchasing an additional 62,469 shares during the last quarter. State Street Corp grew its stake in shares of CNO Financial Group by 2.3% in the second quarter. State Street Corp now owns 4,618,263 shares of the financial services provider’s stock worth $83,544,000 after purchasing an additional 102,569 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of CNO Financial Group by 2.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,987,917 shares of the financial services provider’s stock worth $35,723,000 after purchasing an additional 41,404 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in CNO Financial Group by 3.3% in the third quarter. Bank of New York Mellon Corp now owns 1,550,068 shares of the financial services provider’s stock valued at $27,855,000 after buying an additional 49,626 shares during the period. Institutional investors own 96.15% of the company’s stock.

Insider Activity at CNO Financial Group

In related news, EVP Matthew J. Zimpfer sold 3,308 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $25.85, for a total transaction of $85,511.80. Following the sale, the executive vice president now directly owns 258,163 shares in the company, valued at approximately $6,673,513.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other CNO Financial Group news, insider Scott L. Goldberg sold 3,648 shares of the stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $22.50, for a total value of $82,080.00. Following the sale, the insider now directly owns 157,378 shares in the company, valued at approximately $3,541,005. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Matthew J. Zimpfer sold 3,308 shares of the stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $25.85, for a total transaction of $85,511.80. Following the completion of the sale, the executive vice president now owns 258,163 shares in the company, valued at $6,673,513.55. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,144 shares of company stock worth $276,605. 3.00% of the stock is owned by corporate insiders.

CNO Financial Group Trading Down 1.5 %

Shares of CNO stock opened at $21.13 on Wednesday. CNO Financial Group, Inc. has a 52-week low of $16.56 and a 52-week high of $26.35. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.19 and a current ratio of 0.19. The company has a 50-day simple moving average of $21.85 and a two-hundred day simple moving average of $22.97. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 8.70 and a beta of 1.12.

CNO Financial Group (NYSE:CNO – Get Rating) last released its earnings results on Monday, May 1st. The financial services provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.14). CNO Financial Group had a net margin of 7.59% and a return on equity of 16.21%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $926.00 million. During the same period in the prior year, the company earned $0.42 earnings per share. The firm’s revenue was up 19.3% on a year-over-year basis. Research analysts anticipate that CNO Financial Group, Inc. will post 2.78 EPS for the current fiscal year.

CNO Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be paid a dividend of $0.15 per share. This is a boost from CNO Financial Group’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, June 8th. CNO Financial Group’s dividend payout ratio is presently 24.69%.

Wall Street Analysts Forecast Growth

CNO has been the topic of several recent analyst reports. StockNews.com initiated coverage on shares of CNO Financial Group in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Piper Sandler dropped their price objective on shares of CNO Financial Group from $28.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, April 5th. Royal Bank of Canada upped their price objective on shares of CNO Financial Group from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, February 9th. Morgan Stanley dropped their price objective on shares of CNO Financial Group from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 12th. Finally, Jefferies Financial Group boosted their target price on shares of CNO Financial Group from $23.00 to $25.00 and gave the stock a “hold” rating in a research report on Tuesday, February 21st. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $25.25.

CNO Financial Group Profile

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CNO Financial Group, Inc is an insurance holding company, which engages in developing, marketing, and administering health insurance, annuity, individual life insurance and other insurance products. It operates through the following segments: Bankers Life, Washington National, and Colonial Penn. The Bankers Life segment markets and distributes medicare supplement insurance, interest-sensitive life insurance, traditional life insurance, fixed annuities and long-term care insurance products to the middle-income senior market through a dedicated field force of career agents and sales managers supported by a network of community-based sales offices.