5,894 Shares in CNO Financial Group, Inc. (NYSE:CNO) Purchased by Connable Office Inc.

Connable Office Inc. purchased a new position in shares of CNO Financial Group, Inc. (NYSE:CNO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,894 shares of the financial services provider’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. KBC Group NV boosted its holdings in CNO Financial Group by 26.7% in the 3rd quarter. KBC Group NV now owns 3,349 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 706 shares in the last quarter. MQS Management LLC purchased a new stake in CNO Financial Group in the 3rd quarter valued at approximately $225,000. GSA Capital Partners LLP purchased a new stake in CNO Financial Group in the 3rd quarter valued at approximately $438,000. Versor Investments LP purchased a new stake in CNO Financial Group in the 3rd quarter valued at approximately $896,000. Finally, Meritage Portfolio Management boosted its holdings in CNO Financial Group by 9.3% in the 3rd quarter. Meritage Portfolio Management now owns 18,475 shares of the financial services provider’s stock valued at $648,000 after purchasing an additional 1,568 shares in the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Insider Buying and Selling

In related news, insider Jeanne L. Linnenbringer sold 5,435 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $34.26, for a total value of $186,203.10. Following the completion of the sale, the insider now directly owns 37,663 shares in the company, valued at approximately $1,290,334.38. This represents a 12.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeremy David Williams sold 4,783 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $40.09, for a total value of $191,750.47. Following the completion of the sale, the insider now owns 62,121 shares of the company’s stock, valued at approximately $2,490,430.89. This represents a 7.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,582 shares of company stock valued at $565,050. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CNO. Piper Sandler lifted their price objective on CNO Financial Group from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Evercore ISI boosted their price target on CNO Financial Group from $27.00 to $29.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada boosted their price target on CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, CNO Financial Group currently has an average rating of “Hold” and a consensus price target of $34.50.

CNO Financial Group Trading Down 0.2 %

Shares of CNO Financial Group stock opened at $38.96 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. CNO Financial Group, Inc. has a 1 year low of $24.92 and a 1 year high of $40.29. The company has a market capitalization of $4.02 billion, a P/E ratio of 15.71 and a beta of 1.01. The business has a 50 day moving average price of $35.40 and a 200 day moving average price of $31.73.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.29. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $945.44 million. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. CNO Financial Group’s revenue was up 19.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 EPS. Sell-side analysts anticipate that CNO Financial Group, Inc. will post 3.63 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Tuesday, December 10th. CNO Financial Group’s dividend payout ratio (DPR) is currently 25.81%.

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.