DekaBank Deutsche Girozentrale Decreases Position in CNO Financial Group, Inc. (NYSE:CNO)

DekaBank Deutsche Girozentrale lowered its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 88.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,434 shares of the financial services provider’s stock after selling 34,277 shares during the period. DekaBank Deutsche Girozentrale’s holdings in CNO Financial Group were worth $182,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp grew its position in shares of CNO Financial Group by 368.2% during the 4th quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 626 shares in the last quarter. UMB Bank n.a. boosted its position in CNO Financial Group by 89.7% during the first quarter. UMB Bank n.a. now owns 1,009 shares of the financial services provider’s stock valued at $42,000 after buying an additional 477 shares during the period. Versant Capital Management Inc boosted its position in CNO Financial Group by 148.6% during the first quarter. Versant Capital Management Inc now owns 1,099 shares of the financial services provider’s stock valued at $46,000 after buying an additional 657 shares during the period. Headlands Technologies LLC boosted its position in CNO Financial Group by 193.2% during the fourth quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider’s stock valued at $50,000 after buying an additional 881 shares during the period. Finally, Quarry LP boosted its holdings in shares of CNO Financial Group by 137.8% during the fourth quarter. Quarry LP now owns 1,334 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 773 shares during the period. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler increased their target price on shares of CNO Financial Group from $46.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, CNO Financial Group has an average rating of “Hold” and a consensus target price of $41.00.

CNO Financial Group Trading Up 2.1%

NYSE:CNO opened at $37.09 on Tuesday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.59. CNO Financial Group, Inc. has a 12 month low of $29.28 and a 12 month high of $43.20. The company has a market cap of $3.68 billion, a PE ratio of 12.97 and a beta of 0.87. The company has a 50 day simple moving average of $37.81 and a two-hundred day simple moving average of $38.81.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Monday, April 28th. The financial services provider reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. CNO Financial Group had a net margin of 7.11% and a return on equity of 17.86%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $975.80 million. During the same quarter in the previous year, the firm posted $0.52 EPS. The firm’s revenue was down 13.2% on a year-over-year basis. Research analysts forecast that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were given a dividend of $0.17 per share. This is an increase from CNO Financial Group’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.83%. CNO Financial Group’s payout ratio is presently 23.78%.

Insider Activity

In other news, insider Michael E. Mead sold 12,581 shares of the business’s stock in a transaction on Monday, July 7th. The shares were sold at an average price of $37.97, for a total transaction of $477,700.57. Following the completion of the sale, the insider owned 15,729 shares of the company’s stock, valued at $597,230.13. The trade was a 44.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.38% of the stock is currently owned by insiders.

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.