Assenagon Asset Management S.A. Decreases Stock Holdings in CNO Financial Group, Inc. $CNO

Assenagon Asset Management S.A. decreased its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 44.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,455 shares of the financial services provider’s stock after selling 60,784 shares during the period. Assenagon Asset Management S.A.’s holdings in CNO Financial Group were worth $3,180,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in shares of CNO Financial Group by 29.5% in the first quarter. Royal Bank of Canada now owns 176,059 shares of the financial services provider’s stock worth $7,332,000 after acquiring an additional 40,054 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of CNO Financial Group by 1.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,757 shares of the financial services provider’s stock valued at $2,531,000 after purchasing an additional 797 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of CNO Financial Group by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 376,747 shares of the financial services provider’s stock valued at $15,692,000 after purchasing an additional 20,728 shares during the last quarter. Jane Street Group LLC increased its position in shares of CNO Financial Group by 146.4% during the 1st quarter. Jane Street Group LLC now owns 149,159 shares of the financial services provider’s stock valued at $6,212,000 after purchasing an additional 88,619 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of CNO Financial Group by 637.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,438 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 1,243 shares during the period. Institutional investors own 95.43% of the company’s stock.

Wall Street Analysts Forecast Growth

CNO has been the topic of a number of research reports. Wall Street Zen downgraded shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. 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. Keefe, Bruyette & Woods increased their price target 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of CNO Financial Group in a research note on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $48.75.

Insider Buying and Selling

In other CNO Financial Group news, CMO Rocco F. Tarasi III sold 5,750 shares of CNO Financial Group 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 owned 79,191 shares of the company’s stock, valued at $3,959,550. The trade was a 6.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.44% of the company’s stock.

CNO Financial Group Stock Down 2.1%

NYSE CNO opened at $51.03 on Wednesday. CNO Financial Group, Inc. has a 52 week low of $35.24 and a 52 week high of $53.03. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $4.76 billion, a P/E ratio of 20.49 and a beta of 0.81. The stock’s 50-day moving average price is $47.60 and its 200-day moving average price is $44.01.

CNO Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Wednesday, June 10th. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.17. CNO Financial Group’s dividend payout ratio (DPR) is 28.92%.

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.