American Century Companies Inc. Purchases 343,819 Shares of CNO Financial Group, Inc. (NYSE:CNO)

American Century Companies Inc. raised its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 19.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,117,416 shares of the financial services provider’s stock after buying an additional 343,819 shares during the quarter. American Century Companies Inc. owned about 1.96% of CNO Financial Group worth $58,695,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. CWM LLC raised its holdings in CNO Financial Group by 64.1% in the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 447 shares in the last quarter. EntryPoint Capital LLC acquired a new position in CNO Financial Group during the 1st quarter worth about $52,000. Blue Trust Inc. grew its stake in shares of CNO Financial Group by 25.4% during the second quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 483 shares during the last quarter. Covestor Ltd boosted its position in CNO Financial Group by 18.9% in the 1st quarter. Covestor Ltd now owns 3,598 shares of the financial services provider’s stock valued at $99,000 after buying an additional 571 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in CNO Financial Group by 183.5% in the second quarter. Fifth Third Bancorp now owns 4,170 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 2,699 shares during the last quarter. 95.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNO has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of CNO Financial Group from $30.00 to $31.00 and gave the stock a “market perform” rating in a report on Monday, July 8th. Royal Bank of Canada increased their target price on CNO Financial Group from $30.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Evercore ISI lifted their price target on CNO Financial Group from $27.00 to $29.00 and gave the company an “underperform” rating in a research note on Wednesday, July 31st. Finally, Piper Sandler reissued an “overweight” rating and set a $37.00 price target on shares of CNO Financial Group in a research report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, CNO Financial Group has an average rating of “Hold” and a consensus price target of $33.75.

CNO Financial Group Stock Up 1.2 %

Shares of NYSE CNO opened at $33.05 on Monday. The company has a market capitalization of $3.58 billion, a P/E ratio of 9.64 and a beta of 1.01. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.19 and a current ratio of 0.19. CNO Financial Group, Inc. has a 52-week low of $22.27 and a 52-week high of $35.45. The company’s 50 day moving average price is $32.00 and its 200-day moving average price is $28.91.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Monday, July 29th. The financial services provider reported $1.05 EPS for the quarter, beating the consensus estimate of $0.72 by $0.33. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $929.99 million. CNO Financial Group had a return on equity of 18.30% and a net margin of 9.96%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 earnings per share. Equities analysts forecast that CNO Financial Group, Inc. will post 3.43 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Tuesday, September 10th. CNO Financial Group’s dividend payout ratio (DPR) is currently 18.66%.

Insider Buying and Selling

In other CNO Financial Group 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 transaction of $186,203.10. Following the sale, the insider now owns 37,663 shares in the company, valued at $1,290,334.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Jeanne L. Linnenbringer sold 5,435 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $34.26, for a total value of $186,203.10. Following 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 Securities & Exchange Commission, which is available through this link. Also, insider Jeanne L. Linnenbringer sold 5,364 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $34.88, for a total value of $187,096.32. Following the completion of the sale, the insider now directly owns 44,884 shares of the company’s stock, valued at approximately $1,565,553.92. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

CNO Financial Group Company 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.