Y Intercept Hong Kong Ltd Lowers Stake in CNO Financial Group, Inc. $CNO

Y Intercept Hong Kong Ltd cut its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 63.4% during the third quarter, HoldingsChannel reports. The firm owned 17,778 shares of the financial services provider’s stock after selling 30,841 shares during the period. Y Intercept Hong Kong Ltd’s holdings in CNO Financial Group were worth $703,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CNO. Royal Bank of Canada increased its position in CNO Financial Group by 29.5% in the 1st quarter. Royal Bank of Canada now owns 176,059 shares of the financial services provider’s stock valued at $7,332,000 after acquiring an additional 40,054 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in CNO Financial Group by 1.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,757 shares of the financial services provider’s stock worth $2,531,000 after acquiring an additional 797 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of CNO Financial Group by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 376,747 shares of the financial services provider’s stock valued at $15,692,000 after purchasing an additional 20,728 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of CNO Financial Group by 146.4% in the first quarter. Jane Street Group LLC now owns 149,159 shares of the financial services provider’s stock valued at $6,212,000 after purchasing an additional 88,619 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in shares of CNO Financial Group by 637.4% during the first quarter. Geneos Wealth Management Inc. now owns 1,438 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 1,243 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.

Insiders Place Their Bets

In other CNO Financial Group news, CIO Eric R. Johnson sold 48,665 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $41.24, for a total value of $2,006,944.60. Following the sale, the executive owned 671,542 shares of the company’s stock, valued at approximately $27,694,392.08. This represents a 6.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Rocco F. Tarasi III sold 9,283 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $42.60, for a total value of $395,455.80. Following the completion of the transaction, the chief marketing officer owned 73,932 shares of the company’s stock, valued at approximately $3,149,503.20. This represents a 11.16% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 89,378 shares of company stock worth $3,722,146. 3.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CNO shares. Wall Street Zen upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Piper Sandler raised their target price on shares of CNO Financial Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 23rd. Jefferies Financial Group upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $47.00 in a research note on Monday, December 15th. Weiss Ratings restated a “buy (b)” rating on shares of CNO Financial Group in a research report on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods lifted their price objective on CNO Financial Group from $44.00 to $45.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, CNO Financial Group has an average rating of “Moderate Buy” and a consensus target price of $46.75.

CNO Financial Group Trading Up 1.9%

Shares of CNO opened at $42.83 on Tuesday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.45. The firm’s 50-day moving average is $41.97 and its two-hundred day moving average is $40.11. CNO Financial Group, Inc. has a twelve month low of $34.63 and a twelve month high of $44.19. The firm has a market capitalization of $4.08 billion, a P/E ratio of 14.97 and a beta of 0.85.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Monday, November 3rd. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.34. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $975.35 million. CNO Financial Group had a net margin of 6.64% and a return on equity of 15.81%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the firm earned $1.11 EPS. On average, research 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Wednesday, December 10th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $0.68 annualized dividend and a yield of 1.6%. CNO Financial Group’s payout ratio is currently 23.78%.

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.