CNO Financial Group, Inc. (NYSE:CNO) Stake Boosted by Citigroup Inc.

Citigroup Inc. boosted its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 78.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 129,925 shares of the financial services provider’s stock after purchasing an additional 56,932 shares during the quarter. Citigroup Inc. owned approximately 0.12% of CNO Financial Group worth $4,560,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its stake in shares of CNO Financial Group by 3.5% during the third quarter. State of Alaska Department of Revenue now owns 12,290 shares of the financial services provider’s stock valued at $431,000 after purchasing an additional 415 shares in the last quarter. CWM LLC lifted its stake in shares of CNO Financial Group by 64.1% in the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 447 shares during the period. Blue Trust Inc. boosted its holdings in shares of CNO Financial Group by 25.4% in the second quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 483 shares in the last quarter. Point72 Hong Kong Ltd increased its stake in shares of CNO Financial Group by 1.8% during the second quarter. Point72 Hong Kong Ltd now owns 28,700 shares of the financial services provider’s stock valued at $796,000 after acquiring an additional 511 shares during the period. Finally, Bailard Inc. raised its holdings in CNO Financial Group by 2.5% during the second quarter. Bailard Inc. now owns 24,300 shares of the financial services provider’s stock worth $674,000 after purchasing an additional 600 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CNO Financial Group

In other CNO Financial Group news, CIO Eric R. Johnson sold 3,978 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $39.09, for a total value of $155,500.02. Following the transaction, the executive now owns 631,844 shares of the company’s stock, valued at approximately $24,698,781.96. This represents a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeremy David Williams sold 4,783 shares of CNO Financial Group stock in a transaction on Monday, November 11th. The stock was sold at an average price of $40.09, for a total transaction of $191,750.47. Following the transaction, the insider now directly owns 62,121 shares in the company, 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 14,196 shares of company stock worth $533,454. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

CNO has been the subject of several recent research reports. Royal Bank of Canada increased their target price on shares of CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Piper Sandler boosted their target price on CNO Financial Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $34.50.

CNO Financial Group Stock Performance

Shares of NYSE:CNO opened at $39.40 on Tuesday. The business has a fifty day moving average of $36.60 and a 200-day moving average of $32.64. The firm has a market cap of $4.07 billion, a PE ratio of 15.89 and a beta of 1.01. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. CNO Financial Group, Inc. has a twelve month low of $24.92 and a twelve month high of $40.91.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.29. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $945.44 million. During the same period in the previous year, the firm posted $0.88 earnings per share. The company’s revenue was up 19.2% on a year-over-year basis. On average, equities research analysts predict that CNO Financial Group, Inc. will post 3.73 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.62%. The ex-dividend date is Tuesday, December 10th. CNO Financial Group’s dividend payout ratio is 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.