27,237 Shares in CNO Financial Group, Inc. $CNO Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new stake in CNO Financial Group, Inc. (NYSE:CNO) during the 3rd quarter, HoldingsChannel reports. The fund bought 27,237 shares of the financial services provider’s stock, valued at approximately $1,077,000.

Other institutional investors also recently added to or reduced their stakes in the company. Turning Point Benefit Group Inc. purchased a new position in shares of CNO Financial Group during the 2nd quarter worth approximately $32,000. First Horizon Corp acquired a new position in shares of CNO Financial Group during the 3rd quarter worth $32,000. EverSource Wealth Advisors LLC grew its position in CNO Financial Group by 123.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,176 shares of the financial services provider’s stock worth $45,000 after buying an additional 649 shares during the period. Osaic Holdings Inc. increased its stake in CNO Financial Group by 39.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,194 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 336 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in CNO Financial Group by 637.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,438 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 1,243 shares in the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

CNO Financial Group Stock Performance

Shares of NYSE CNO opened at $40.66 on Friday. CNO Financial Group, Inc. has a 52-week low of $34.63 and a 52-week high of $44.19. The stock has a market capitalization of $3.88 billion, a P/E ratio of 14.22 and a beta of 0.85. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.45. The firm’s 50-day moving average price is $41.79 and its two-hundred day moving average price is $39.87.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Monday, November 3rd. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.34. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $975.35 million. CNO Financial Group had a net margin of 6.64% and a return on equity of 15.81%. CNO Financial Group’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.11 EPS. As a group, sell-side analysts forecast that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, December 10th. CNO Financial Group’s payout ratio is currently 23.78%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CNO. Jefferies Financial Group raised CNO Financial Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $42.00 to $47.00 in a research note on Monday, December 15th. Wall Street Zen upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Piper Sandler increased their target price on shares of CNO Financial Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 23rd. Weiss Ratings restated a “buy (b)” rating on shares of CNO Financial Group in a report on Wednesday. Finally, Keefe, Bruyette & Woods upped their price target on shares of CNO Financial Group from $44.00 to $45.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, CNO Financial Group has an average rating of “Moderate Buy” and a consensus price target of $46.75.

Insider Transactions at CNO Financial Group

In other news, CEO Gary C. Bhojwani sold 31,430 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $41.99, for a total value of $1,319,745.70. Following the completion of the sale, the chief executive officer owned 195,926 shares in the company, valued at $8,226,932.74. This represents a 13.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CMO Rocco F. Tarasi III sold 9,283 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $42.60, for a total transaction of $395,455.80. Following the sale, the chief marketing officer owned 73,932 shares of the company’s stock, valued at $3,149,503.20. The trade was a 11.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 89,378 shares of company stock valued at $3,722,146. Corporate insiders own 3.00% of the company’s stock.

CNO Financial Group Profile

CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.