First Trust Advisors LP Cuts Holdings in CNO Financial Group, Inc. $CNO

First Trust Advisors LP lessened its stake in CNO Financial Group, Inc. (NYSE:CNO) by 36.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 983,714 shares of the financial services provider’s stock after selling 571,880 shares during the quarter. First Trust Advisors LP’s holdings in CNO Financial Group were worth $37,952,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. increased its stake in shares of CNO Financial Group by 6.2% during the second quarter. American Century Companies Inc. now owns 3,121,527 shares of the financial services provider’s stock worth $120,429,000 after buying an additional 183,493 shares during the period. Allianz Asset Management GmbH grew its holdings in CNO Financial Group by 70.9% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,546,745 shares of the financial services provider’s stock worth $59,673,000 after acquiring an additional 641,950 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of CNO Financial Group by 72.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,333,698 shares of the financial services provider’s stock valued at $51,641,000 after purchasing an additional 561,327 shares during the last quarter. Invesco Ltd. raised its holdings in shares of CNO Financial Group by 10.2% in the 1st quarter. Invesco Ltd. now owns 990,776 shares of the financial services provider’s stock valued at $41,266,000 after purchasing an additional 91,550 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of CNO Financial Group during the 1st quarter worth $24,071,000. 95.43% of the stock is owned by institutional investors and hedge funds.

CNO Financial Group Trading Up 0.0%

CNO opened at $39.97 on Wednesday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.45. CNO Financial Group, Inc. has a 52 week low of $34.63 and a 52 week high of $43.20. The business’s 50 day moving average is $40.15 and its two-hundred day moving average is $38.81. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 13.98 and a beta of 0.86.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Friday, May 19th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter. The business had revenue of $968.30 million for the quarter. CNO Financial Group had a net margin of 6.64% and a return on equity of 15.81%. On average, research analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 10th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, December 10th. CNO Financial Group’s dividend payout ratio (DPR) is presently 23.78%.

Insider Transactions at CNO Financial Group

In other CNO Financial Group news, CIO Eric R. Johnson sold 48,665 shares of CNO Financial Group stock in a transaction on Monday, November 10th. The shares were sold at an average price of $41.24, for a total value of $2,006,944.60. Following the transaction, the executive directly owned 671,542 shares in the company, valued at approximately $27,694,392.08. The trade was a 6.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.38% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on CNO shares. Keefe, Bruyette & Woods increased their target price on CNO Financial Group from $44.00 to $45.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of CNO Financial Group in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, CNO Financial Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.25.

CNO Financial Group Company 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.