CNO Financial Group, Inc. (NYSE:CNO) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. reduced its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 12.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,266,542 shares of the financial services provider’s stock after selling 595,311 shares during the period. Franklin Resources Inc.’s holdings in CNO Financial Group were worth $150,993,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. raised its holdings in shares of CNO Financial Group by 19.4% during the second quarter. American Century Companies Inc. now owns 2,117,416 shares of the financial services provider’s stock worth $58,695,000 after purchasing an additional 343,819 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in CNO Financial Group by 300.9% during the third quarter. Assenagon Asset Management S.A. now owns 1,199,040 shares of the financial services provider’s stock worth $42,086,000 after acquiring an additional 899,990 shares during the last quarter. FMR LLC boosted its holdings in CNO Financial Group by 28.8% in the 3rd quarter. FMR LLC now owns 1,040,619 shares of the financial services provider’s stock valued at $36,526,000 after purchasing an additional 232,631 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in CNO Financial Group by 455.1% in the 2nd quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider’s stock valued at $21,546,000 after purchasing an additional 637,254 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in CNO Financial Group by 97.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 622,348 shares of the financial services provider’s stock valued at $17,251,000 after purchasing an additional 306,751 shares during the last quarter. 95.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, 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 transaction, the insider now owns 62,121 shares in the company, valued at approximately $2,490,430.89. This represents a 7.15 % decrease in their position. The sale was disclosed in a filing with the SEC, 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 transaction of $155,500.02. Following the completion of the transaction, the executive now owns 631,844 shares of the company’s stock, valued at approximately $24,698,781.96. The trade was a 0.63 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

CNO Financial Group Trading Down 0.2 %

Shares of NYSE:CNO opened at $38.03 on Monday. CNO Financial Group, Inc. has a 52 week low of $24.92 and a 52 week high of $40.91. The company’s 50 day moving average is $37.41 and its two-hundred day moving average is $33.36. 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 company has a market cap of $3.93 billion, a PE ratio of 15.33 and a beta of 1.02.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 EPS 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 company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $945.44 million. During the same period in the prior year, the firm posted $0.88 EPS. The company’s quarterly revenue was up 19.2% compared to the same quarter last year. Equities analysts predict that CNO Financial Group, Inc. will post 3.73 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

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 given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Tuesday, December 10th. CNO Financial Group’s dividend payout ratio is presently 25.81%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CNO. Piper Sandler boosted their price target on shares of 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 boosted their price target 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. Finally, Jefferies Financial Group upped 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 note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $35.80.

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.