CNO Financial Group, Inc. $CNO Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 3.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,239,944 shares of the financial services provider’s stock after purchasing an additional 118,417 shares during the period. American Century Companies Inc.’s holdings in CNO Financial Group were worth $128,140,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Retirement Systems of Alabama purchased a new position in CNO Financial Group in the 3rd quarter worth about $11,857,000. Hudson Bay Capital Management LP purchased a new position in shares of CNO Financial Group in the second quarter worth approximately $10,651,000. Qube Research & Technologies Ltd raised its holdings in shares of CNO Financial Group by 70.9% during the second quarter. Qube Research & Technologies Ltd now owns 539,233 shares of the financial services provider’s stock valued at $20,804,000 after acquiring an additional 223,633 shares during the period. Balyasny Asset Management L.P. lifted its position in shares of CNO Financial Group by 32.6% in the 2nd quarter. Balyasny Asset Management L.P. now owns 764,867 shares of the financial services provider’s stock valued at $29,509,000 after acquiring an additional 187,974 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of CNO Financial Group by 98.5% in the 2nd quarter. Jane Street Group LLC now owns 296,113 shares of the financial services provider’s stock valued at $11,424,000 after acquiring an additional 146,954 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CNO. Evercore reiterated an “underperform” rating and set a $43.00 price objective on shares of CNO Financial Group in a research report on Wednesday, February 18th. Piper Sandler lifted their price target on CNO Financial Group from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Tuesday, December 23rd. Wall Street Zen raised CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday. Jefferies Financial Group raised CNO Financial Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $42.00 to $47.00 in a research note on Monday, December 15th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of CNO Financial Group in a research note on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, CNO Financial Group presently has a consensus rating of “Hold” and an average price target of $46.25.

Insider Buying and Selling

In other news, CMO Rocco F. Tarasi III sold 9,283 shares of CNO Financial Group stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $42.60, for a total value of $395,455.80. Following the transaction, the chief marketing officer owned 73,932 shares of the company’s stock, valued at $3,149,503.20. This trade represents a 11.16% 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. Also, General Counsel Matthew J. Zimpfer sold 33,800 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $43.05, for a total transaction of $1,455,090.00. Following the completion of the sale, the general counsel owned 307,937 shares of the company’s stock, valued at $13,256,687.85. The trade was a 9.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 226,431 shares of company stock worth $9,715,996. Insiders own 3.38% of the company’s stock.

CNO Financial Group Stock Performance

Shares of CNO opened at $41.77 on Monday. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 18.73 and a beta of 0.83. The company’s fifty day moving average is $42.51 and its 200-day moving average is $40.88. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.43. CNO Financial Group, Inc. has a 12 month low of $34.63 and a 12 month high of $44.85.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. The firm had revenue of $101.10 million during the quarter, compared to analysts’ expectations of $1 billion. CNO Financial Group had a net margin of 4.94% and a return on equity of 15.80%. CNO Financial Group’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.18 earnings per share. Equities analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.6%. CNO Financial Group’s dividend payout ratio is currently 30.49%.

CNO Financial Group Company 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.