CNO Financial Group, Inc. (NYSE:CNO) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in CNO Financial Group, Inc. (NYSE:CNO) by 8.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 901,669 shares of the financial services provider’s stock after selling 79,173 shares during the quarter. JPMorgan Chase & Co. owned 0.87% of CNO Financial Group worth $31,649,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Quarry LP lifted its holdings in CNO Financial Group by 123.2% in the second quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 935 shares during the period. CWM LLC increased its holdings in shares of CNO Financial Group by 53.0% during the 3rd quarter. CWM LLC now owns 1,750 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 606 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of CNO Financial Group by 141.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,164 shares during the period. Point72 DIFC Ltd purchased a new stake in CNO Financial Group during the second quarter worth $89,000. Finally, KBC Group NV grew its position in CNO Financial Group by 26.7% during the third quarter. KBC Group NV now owns 3,349 shares of the financial services provider’s stock valued at $118,000 after buying an additional 706 shares during the period. Hedge funds and other institutional investors own 95.43% of the company’s stock.

CNO Financial Group Trading Down 0.8 %

Shares of CNO Financial Group stock opened at $37.25 on Tuesday. CNO Financial Group, Inc. has a twelve month low of $24.92 and a twelve month high of $40.91. The firm’s 50-day moving average price is $38.07 and its 200 day moving average price is $34.44. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $3.84 billion, a PE ratio of 15.02 and a beta of 1.04.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.29. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $945.44 million. During the same period in the previous year, the company posted $0.88 earnings per share. The business’s revenue was up 19.2% on a year-over-year basis. On average, sell-side analysts predict that CNO Financial Group, Inc. will post 3.73 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Tuesday, December 10th. CNO Financial Group’s payout ratio is 25.81%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CNO shares. Jefferies Financial Group upped their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Piper Sandler upped their price target on CNO Financial Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Royal Bank of Canada raised their price objective on CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, CNO Financial Group currently has an average rating of “Hold” and an average price target of $37.00.

Insider Activity

In other CNO Financial Group news, CMO Rocco F. Tarasi III sold 4,500 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $37.51, for a total transaction of $168,795.00. Following the transaction, the chief marketing officer now owns 72,896 shares of the company’s stock, valued at approximately $2,734,328.96. The trade was a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeremy David Williams sold 4,783 shares of the company’s 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. The trade was a 7.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,745 shares of company stock worth $572,467 over the last three months. Insiders own 3.00% of the company’s stock.

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.