CNO Financial Group, Inc. (NYSE:CNO) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. cut its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 5.5% during the third quarter, Holdings Channel reports. The firm owned 84,817 shares of the financial services provider’s stock after selling 4,966 shares during the quarter. Hantz Financial Services Inc.’s holdings in CNO Financial Group were worth $2,977,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its holdings in CNO Financial Group by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 80,995 shares of the financial services provider’s stock worth $2,226,000 after buying an additional 4,304 shares in the last quarter. First Financial Bank Trust Division acquired a new stake in shares of CNO Financial Group in the second quarter valued at $343,000. Harbor Capital Advisors Inc. boosted its holdings in CNO Financial Group by 269.9% in the second quarter. Harbor Capital Advisors Inc. now owns 13,884 shares of the financial services provider’s stock valued at $385,000 after purchasing an additional 10,131 shares during the period. CWM LLC grew its stake in CNO Financial Group by 64.1% during the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 447 shares in the last quarter. Finally, QRG Capital Management Inc. increased its holdings in CNO Financial Group by 4.8% during the 2nd quarter. QRG Capital Management Inc. now owns 72,561 shares of the financial services provider’s stock worth $2,011,000 after purchasing an additional 3,341 shares during the period. Institutional investors and hedge funds own 95.43% of the company’s stock.

CNO Financial Group Stock Down 0.6 %

Shares of NYSE CNO opened at $39.90 on Friday. The business has a 50-day moving average of $36.60 and a two-hundred day moving average of $32.58. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 16.09 and a beta of 1.01. CNO Financial Group, Inc. has a 1 year low of $24.92 and a 1 year high of $40.91. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $945.44 million. During the same period in the prior year, the company posted $0.88 earnings per share. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. On average, analysts forecast that CNO Financial Group, Inc. will post 3.73 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.64 annualized dividend and a yield of 1.60%. CNO Financial Group’s dividend payout ratio is currently 25.81%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CNO. Piper Sandler lifted their price objective on CNO Financial Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada lifted their price target on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, CNO Financial Group has an average rating of “Hold” and a consensus price target of $34.50.

Insider Buying and Selling

In other news, insider Jeanne L. Linnenbringer sold 5,435 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $34.26, for a total transaction of $186,203.10. Following the transaction, the insider now directly owns 37,663 shares in the company, valued at approximately $1,290,334.38. This trade represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CIO Eric R. Johnson sold 3,978 shares of CNO Financial Group stock in a transaction on Monday, November 18th. The shares were sold at an average price of $39.09, for a total transaction of $155,500.02. Following the completion of the transaction, the executive now directly owns 631,844 shares in the company, valued at $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. Insiders have sold 19,560 shares of company stock worth $720,550 in the last ninety days. 3.00% of the stock is owned by corporate insiders.

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.