Sumitomo Mitsui Trust Holdings Inc. Sells 4,700 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Sumitomo Mitsui Trust Holdings Inc. trimmed its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 25.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,039 shares of the financial services provider’s stock after selling 4,700 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in CNO Financial Group were worth $392,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. raised its stake in shares of CNO Financial Group by 10.2% during the 3rd quarter. American Century Companies Inc. now owns 1,350,120 shares of the financial services provider’s stock worth $32,038,000 after purchasing an additional 125,047 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of CNO Financial Group by 97.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 587,569 shares of the financial services provider’s stock worth $16,393,000 after purchasing an additional 290,585 shares during the period. Hsbc Holdings PLC bought a new stake in shares of CNO Financial Group during the 3rd quarter worth $1,257,000. Massachusetts Financial Services Co. MA raised its stake in shares of CNO Financial Group by 1.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,838,581 shares of the financial services provider’s stock worth $43,630,000 after purchasing an additional 22,012 shares during the period. Finally, Ibex Wealth Advisors bought a new stake in shares of CNO Financial Group during the 3rd quarter worth $466,000. 95.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CNO Financial Group

In other CNO Financial Group news, CEO Gary C. Bhojwani sold 18,692 shares of CNO Financial Group stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $27.52, for a total transaction of $514,403.84. Following the completion of the transaction, the chief executive officer now owns 314,002 shares of the company’s stock, valued at approximately $8,641,335.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Scott L. Goldberg sold 7,325 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $26.65, for a total transaction of $195,211.25. Following the completion of the transaction, the insider now owns 178,295 shares of the company’s stock, valued at $4,751,561.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary C. Bhojwani sold 18,692 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $27.52, for a total value of $514,403.84. Following the transaction, the chief executive officer now directly owns 314,002 shares of the company’s stock, valued at approximately $8,641,335.04. The disclosure for this sale can be found here. Insiders sold 152,590 shares of company stock valued at $4,116,255 in the last quarter. 3.00% of the stock is currently owned by corporate insiders.

CNO Financial Group Trading Down 1.7 %

Shares of CNO Financial Group stock opened at $26.44 on Friday. CNO Financial Group, Inc. has a 52-week low of $19.95 and a 52-week high of $28.39. The stock’s 50-day simple moving average is $26.65 and its 200 day simple moving average is $26.25. The stock has a market capitalization of $2.88 billion, a P/E ratio of 10.97 and a beta of 1.03. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Tuesday, February 6th. The financial services provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.33. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $934.05 million. CNO Financial Group had a return on equity of 17.51% and a net margin of 6.67%. As a group, research analysts anticipate that CNO Financial Group, Inc. will post 3.14 EPS for the current year.

CNO Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Thursday, March 7th. CNO Financial Group’s payout ratio is presently 24.90%.

Analyst Upgrades and Downgrades

CNO has been the topic of a number of recent analyst reports. StockNews.com cut CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. 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, April 16th. Evercore ISI boosted 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, Royal Bank of Canada boosted their price objective on CNO Financial Group from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $27.50.

CNO Financial Group Profile

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.