KBC Group NV Cuts Stock Holdings in CNO Financial Group, Inc. $CNO

KBC Group NV cut its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 34.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,295 shares of the financial services provider’s stock after selling 1,695 shares during the period. KBC Group NV’s holdings in CNO Financial Group were worth $127,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in shares of CNO Financial Group by 9.3% in the first quarter. American Century Companies Inc. now owns 2,938,034 shares of the financial services provider’s stock worth $122,369,000 after acquiring an additional 250,173 shares during the period. Allianz Asset Management GmbH increased its stake in shares of CNO Financial Group by 70.9% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,546,745 shares of the financial services provider’s stock valued at $59,673,000 after purchasing an additional 641,950 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in CNO Financial Group by 72.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,333,698 shares of the financial services provider’s stock worth $51,641,000 after purchasing an additional 561,327 shares during the period. Invesco Ltd. boosted its position in CNO Financial Group by 10.2% during the first quarter. Invesco Ltd. now owns 990,776 shares of the financial services provider’s stock worth $41,266,000 after purchasing an additional 91,550 shares in the last quarter. Finally, Nuveen LLC purchased a new position in CNO Financial Group during the first quarter worth approximately $24,071,000. Institutional investors and hedge funds own 95.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on CNO. Wall Street Zen upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Keefe, Bruyette & Woods lifted 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 research note on Thursday, October 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of CNO Financial Group in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.60.

CNO Financial Group Stock Up 0.4%

NYSE CNO opened at $39.82 on Friday. The business has a fifty day moving average price of $39.85 and a 200 day moving average price of $38.57. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market cap of $3.80 billion, a P/E ratio of 14.69 and a beta of 0.94. CNO Financial Group, Inc. has a one year low of $34.63 and a one year high of $43.20.

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

CNO Financial Group Announces Dividend

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

Insider Buying and Selling at CNO Financial Group

In other 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 transaction, the executive directly owned 671,542 shares in the company, valued at $27,694,392.08. The trade was a 6.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.38% of the stock is currently owned by corporate insiders.

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.