Crossmark Global Holdings Inc. Has $213,000 Stock Position in CNO Financial Group, Inc. (NYSE:CNO)

Crossmark Global Holdings Inc. cut its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 16.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,667 shares of the financial services provider’s stock after selling 1,556 shares during the period. Crossmark Global Holdings Inc.’s holdings in CNO Financial Group were worth $213,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in shares of CNO Financial Group by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,226,375 shares of the financial services provider’s stock worth $62,116,000 after purchasing an additional 76,514 shares during the period. Norges Bank bought a new position in CNO Financial Group during the 4th quarter worth $26,295,000. Allspring Global Investments Holdings LLC raised its holdings in CNO Financial Group by 97.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 622,348 shares of the financial services provider’s stock valued at $17,251,000 after acquiring an additional 306,751 shares in the last quarter. Easterly Investment Partners LLC lifted its position in shares of CNO Financial Group by 8.4% during the 2nd quarter. Easterly Investment Partners LLC now owns 587,171 shares of the financial services provider’s stock valued at $16,276,000 after acquiring an additional 45,428 shares during the period. Finally, Huber Capital Management LLC grew its holdings in shares of CNO Financial Group by 6.9% during the 1st quarter. Huber Capital Management LLC now owns 202,190 shares of the financial services provider’s stock worth $5,556,000 after purchasing an additional 13,000 shares in the last quarter. Institutional investors own 95.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CNO. Piper Sandler upped their price objective on shares of CNO Financial Group from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, June 28th. Evercore ISI upped their price target on shares of CNO Financial Group from $27.00 to $29.00 and gave the stock an “underperform” rating in a report on Wednesday, July 31st. Royal Bank of Canada increased their price target on shares of CNO Financial Group from $30.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of CNO Financial Group from $30.00 to $31.00 and gave the company a “market perform” rating in a research report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $30.60.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, insider Jeanne L. Linnenbringer sold 5,435 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 37,663 shares of the company’s stock, valued at approximately $1,290,334.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Jeanne L. Linnenbringer sold 5,364 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $34.88, for a total transaction of $187,096.32. Following the completion of the transaction, the insider now owns 44,884 shares of the company’s stock, valued at $1,565,553.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeanne L. Linnenbringer sold 5,435 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $34.26, for a total transaction 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. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

CNO Financial Group Stock Down 0.7 %

CNO stock opened at $34.26 on Friday. The firm has a 50-day moving average price of $31.42 and a 200-day moving average price of $28.63. CNO Financial Group, Inc. has a 12 month low of $22.27 and a 12 month high of $35.45. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $3.71 billion, a P/E ratio of 9.99 and a beta of 1.04.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Monday, July 29th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.33. CNO Financial Group had a net margin of 9.96% and a return on equity of 18.30%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $929.99 million. During the same period in the prior year, the company earned $0.54 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, equities research analysts anticipate that CNO Financial Group, Inc. will post 3.43 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Tuesday, September 10th. CNO Financial Group’s payout ratio is 18.66%.

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.