CNO Financial Group, Inc. $CNO Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 102.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,025 shares of the financial services provider’s stock after buying an additional 22,749 shares during the quarter. Hsbc Holdings PLC’s holdings in CNO Financial Group were worth $1,914,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CNO. Franklin Resources Inc. lifted its holdings in CNO Financial Group by 1.0% during the 3rd quarter. Franklin Resources Inc. now owns 4,302,316 shares of the financial services provider’s stock worth $170,157,000 after buying an additional 42,467 shares during the last quarter. American Century Companies Inc. raised its position in shares of CNO Financial Group by 3.8% during the 3rd quarter. American Century Companies Inc. now owns 3,239,944 shares of the financial services provider’s stock worth $128,140,000 after acquiring an additional 118,417 shares in the last quarter. Morgan Stanley raised its position in shares of CNO Financial Group by 20.5% during the 4th quarter. Morgan Stanley now owns 1,870,982 shares of the financial services provider’s stock worth $79,461,000 after acquiring an additional 317,690 shares in the last quarter. AQR Capital Management LLC lifted its stake in CNO Financial Group by 35.6% during the fourth quarter. AQR Capital Management LLC now owns 1,218,033 shares of the financial services provider’s stock worth $51,730,000 after purchasing an additional 319,795 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in CNO Financial Group by 11.6% during the third quarter. JPMorgan Chase & Co. now owns 882,512 shares of the financial services provider’s stock worth $34,903,000 after purchasing an additional 91,417 shares during the last quarter. 95.43% of the stock is currently owned by institutional investors and hedge funds.

CNO Financial Group Stock Down 0.8%

CNO Financial Group stock opened at $52.12 on Tuesday. The company has a market capitalization of $4.86 billion, a P/E ratio of 20.93 and a beta of 0.82. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.17 and a current ratio of 0.17. CNO Financial Group, Inc. has a fifty-two week low of $35.24 and a fifty-two week high of $53.03. The stock has a 50-day simple moving average of $47.46 and a 200-day simple moving average of $43.94.

CNO Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were issued a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This is an increase from CNO Financial Group’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 1.4%. CNO Financial Group’s dividend payout ratio is currently 28.92%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wall Street Zen downgraded CNO Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Keefe, Bruyette & Woods boosted their price objective on shares of CNO Financial Group from $46.00 to $50.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Evercore set a $48.00 target price on shares of CNO Financial Group and gave the company an “in-line” rating in a report on Monday, June 1st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of CNO Financial Group in a research report on Monday, April 20th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $48.75.

Insider Activity

In other news, CMO Rocco F. Tarasi III sold 5,750 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $50.00, for a total transaction of $287,500.00. Following the transaction, the chief marketing officer directly owned 79,191 shares in the company, valued at approximately $3,959,550. This trade represents a 6.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.44% of the company’s stock.

About CNO Financial Group

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.