Crossmark Global Holdings Inc. reduced its position in CNO Financial Group, Inc. (NYSE:CNO – Get Rating) by 4.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,130 shares of the financial services provider’s stock after selling 470 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in CNO Financial Group were worth $200,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of CNO. Raymond James & Associates boosted its stake in shares of CNO Financial Group by 11.5% in the 1st quarter. Raymond James & Associates now owns 60,846 shares of the financial services provider’s stock valued at $1,527,000 after purchasing an additional 6,281 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of CNO Financial Group by 191.0% in the 1st quarter. Bank of Montreal Can now owns 36,666 shares of the financial services provider’s stock valued at $936,000 after purchasing an additional 24,066 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of CNO Financial Group by 38.3% in the 1st quarter. MetLife Investment Management LLC now owns 141,090 shares of the financial services provider’s stock valued at $3,540,000 after purchasing an additional 39,101 shares during the last quarter. Panagora Asset Management Inc. bought a new stake in shares of CNO Financial Group in the 1st quarter valued at $1,142,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of CNO Financial Group by 7.9% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 44,125 shares of the financial services provider’s stock valued at $1,107,000 after purchasing an additional 3,241 shares during the last quarter. 96.15% of the stock is owned by institutional investors.
CNO Financial Group Price Performance
CNO stock opened at $23.47 on Wednesday. The company has a market capitalization of $2.69 billion, a P/E ratio of 5.97 and a beta of 1.13. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.20 and a current ratio of 0.20. CNO Financial Group, Inc. has a 52-week low of $16.56 and a 52-week high of $26.74. The business has a 50-day simple moving average of $22.82 and a two-hundred day simple moving average of $20.52.
CNO Financial Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Friday, December 9th were issued a $0.14 dividend. The ex-dividend date was Thursday, December 8th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.39%. CNO Financial Group’s dividend payout ratio (DPR) is presently 14.25%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. Piper Sandler upped their price objective on shares of CNO Financial Group from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, October 7th. StockNews.com initiated coverage on shares of CNO Financial Group in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Royal Bank of Canada increased their price objective on shares of CNO Financial Group from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 2nd. Finally, Morgan Stanley raised their target price on CNO Financial Group from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 10th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $24.00.
CNO Financial Group Company Profile
CNO Financial Group, Inc is an insurance holding company, which engages in developing, marketing, and administering health insurance, annuity, individual life insurance and other insurance products. It operates through the following segments: Bankers Life, Washington National, and Colonial Penn. The Bankers Life segment markets and distributes medicare supplement insurance, interest-sensitive life insurance, traditional life insurance, fixed annuities and long-term care insurance products to the middle-income senior market through a dedicated field force of career agents and sales managers supported by a network of community-based sales offices.
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