CNO Financial Group, Inc. (NYSE:CNO) Stock Position Cut by Geode Capital Management LLC

Geode Capital Management LLC trimmed its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 1.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,505,290 shares of the financial services provider’s stock after selling 36,433 shares during the period. Geode Capital Management LLC’s holdings in CNO Financial Group were worth $93,241,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CNO. Pictet Asset Management Holding SA boosted its position in shares of CNO Financial Group by 25.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 16,221 shares of the financial services provider’s stock valued at $604,000 after purchasing an additional 3,276 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of CNO Financial Group in the 4th quarter valued at approximately $118,000. Norges Bank acquired a new position in CNO Financial Group in the 4th quarter worth approximately $13,975,000. JPMorgan Chase & Co. grew its position in CNO Financial Group by 41.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,274,370 shares of the financial services provider’s stock worth $47,419,000 after purchasing an additional 372,701 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in CNO Financial Group during the 4th quarter valued at $431,000. Institutional investors own 95.43% of the company’s stock.

Insider Buying and Selling at CNO Financial Group

In other news, insider Scott L. Goldberg sold 25,500 shares of CNO Financial Group stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $40.02, for a total transaction of $1,020,510.00. Following the completion of the transaction, the insider now directly owns 169,342 shares in the company, valued at approximately $6,777,066.84. The trade was a 13.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $41.49, for a total value of $1,692,792.00. Following the completion of the sale, the general counsel now owns 244,943 shares of the company’s stock, valued at $10,162,685.07. This trade represents a 14.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 159,512 shares of company stock valued at $6,497,710. Corporate insiders own 3.00% of the company’s stock.

CNO Financial Group Stock Performance

Shares of NYSE CNO opened at $36.49 on Friday. The company has a market cap of $3.66 billion, a P/E ratio of 9.76 and a beta of 0.90. CNO Financial Group, Inc. has a 12 month low of $24.92 and a 12 month high of $43.20. The business’s 50 day moving average is $40.31 and its two-hundred day moving average is $38.38. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. On average, equities analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Monday, March 10th. CNO Financial Group’s dividend payout ratio is presently 17.11%.

Wall Street Analyst Weigh In

CNO has been the subject of several recent analyst reports. Royal Bank of Canada raised their target price on CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. BMO Capital Markets initiated coverage on CNO Financial Group in a research note on Thursday, January 23rd. They set a “market perform” rating and a $38.00 target price on the stock. Keefe, Bruyette & Woods boosted their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. Finally, Piper Sandler lifted their price objective on CNO Financial Group from $46.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $41.00.

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.