Assenagon Asset Management S.A. Sells 906,905 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Assenagon Asset Management S.A. reduced its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 75.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 292,135 shares of the financial services provider’s stock after selling 906,905 shares during the quarter. Assenagon Asset Management S.A. owned 0.28% of CNO Financial Group worth $10,870,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Quarry LP boosted its position in CNO Financial Group by 123.2% during the 2nd quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock valued at $47,000 after buying an additional 935 shares during the period. CWM LLC boosted its holdings in shares of CNO Financial Group by 53.0% during the third quarter. CWM LLC now owns 1,750 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 606 shares during the period. GAMMA Investing LLC grew its stake in shares of CNO Financial Group by 141.8% in the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 1,164 shares during the last quarter. Point72 DIFC Ltd bought a new position in CNO Financial Group during the 2nd quarter valued at approximately $89,000. Finally, KBC Group NV lifted 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 worth $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 Stock Up 0.5 %

NYSE:CNO opened at $38.78 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. The firm’s 50-day moving average price is $38.24 and its 200-day moving average price is $35.00. The company has a market capitalization of $4.00 billion, a PE ratio of 15.64 and a beta of 1.04. CNO Financial Group, Inc. has a 1-year low of $24.92 and a 1-year 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, beating 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 business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $945.44 million. During the same quarter last year, the firm earned $0.88 earnings per share. The business’s revenue for the quarter was up 19.2% on a year-over-year basis. On average, equities analysts predict that CNO Financial Group, Inc. will post 3.73 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Tuesday, December 10th. CNO Financial Group’s dividend payout ratio (DPR) is 25.81%.

Insider Transactions at CNO Financial Group

In other CNO Financial Group news, CMO Rocco F. Tarasi III sold 4,500 shares of CNO Financial Group stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $37.51, for a total value of $168,795.00. Following the completion of the sale, the chief marketing officer now owns 72,896 shares of the company’s stock, valued at approximately $2,734,328.96. This trade represents a 5.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CIO Eric R. Johnson sold 3,978 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $39.09, for a total value of $155,500.02. Following the transaction, the executive now directly owns 631,844 shares in the company, valued at approximately $24,698,781.96. The trade was a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,745 shares of company stock valued at $572,467. Insiders own 3.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CNO shares. Royal Bank of Canada boosted their target price on 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 upped their price objective on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Jefferies Financial Group raised their target price 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $37.00.

About CNO Financial Group

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.