Raymond James & Associates Sells 10,927 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Raymond James & Associates reduced its position in CNO Financial Group, Inc. (NYSE:CNO) by 14.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,781 shares of the financial services provider’s stock after selling 10,927 shares during the period. Raymond James & Associates’ holdings in CNO Financial Group were worth $1,835,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CNO. Quarry LP bought a new position in shares of CNO Financial Group in the 1st quarter worth $26,000. Ronald Blue Trust Inc. lifted its holdings in shares of CNO Financial Group by 95.8% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,915 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 937 shares in the last quarter. Castleview Partners LLC bought a new position in shares of CNO Financial Group in the 1st quarter worth $63,000. Assetmark Inc. lifted its holdings in shares of CNO Financial Group by 18.0% in the 3rd quarter. Assetmark Inc. now owns 4,166 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 634 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of CNO Financial Group by 23.2% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,438 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 835 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors.

Insider Transactions at CNO Financial Group

In other news, insider Karen Detoro sold 2,778 shares of CNO Financial Group stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $27.10, for a total transaction of $75,283.80. Following the sale, the insider now directly owns 69,605 shares in the company, valued at approximately $1,886,295.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Gary C. Bhojwani sold 20,200 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $27.31, for a total value of $551,662.00. Following the sale, the chief executive officer now directly owns 293,802 shares in the company, valued at approximately $8,023,732.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Karen Detoro sold 2,778 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $27.10, for a total value of $75,283.80. Following the completion of the sale, the insider now owns 69,605 shares in the company, valued at $1,886,295.50. The disclosure for this sale can be found here. Insiders have sold 152,590 shares of company stock worth $4,116,255 in the last ninety days. Company insiders own 3.21% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on CNO shares. Royal Bank of Canada increased their price target on CNO Financial Group from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Piper Sandler upgraded CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 price objective on the stock in a research note on Tuesday. Evercore ISI raised their price objective on CNO Financial Group from $26.00 to $27.00 and gave the company an “underperform” rating in a research note on Wednesday, February 28th. Finally, StockNews.com cut CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $27.50.

CNO Financial Group Trading Down 1.9 %

NYSE CNO opened at $25.12 on Thursday. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 10.42 and a beta of 1.03. CNO Financial Group, Inc. has a one year low of $19.95 and a one year high of $28.39. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. The business’s fifty day moving average is $26.71 and its 200-day moving average is $26.15.

CNO Financial Group (NYSE:CNO) last released its earnings results on Tuesday, February 6th. The financial services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.33. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $934.05 million. CNO Financial Group had a return on equity of 17.51% and a net margin of 6.67%. Equities research analysts predict that CNO Financial Group, Inc. will post 3.14 EPS for the current year.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Thursday, March 7th. CNO Financial Group’s payout ratio is 24.90%.

About CNO Financial Group

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face.