Boston Partners Has $3.32 Million Holdings in CNO Financial Group, Inc. $CNO

Boston Partners boosted its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 141.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,148 shares of the financial services provider’s stock after acquiring an additional 50,411 shares during the period. Boston Partners owned approximately 0.09% of CNO Financial Group worth $3,324,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Allianz Asset Management GmbH lifted its holdings in shares of CNO Financial Group by 70.9% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,546,745 shares of the financial services provider’s stock valued at $59,673,000 after purchasing an additional 641,950 shares in the last quarter. Nuveen LLC bought a new stake in CNO Financial Group during the 1st quarter worth approximately $24,071,000. Allspring Global Investments Holdings LLC raised its holdings in CNO Financial Group by 72.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,333,698 shares of the financial services provider’s stock worth $51,641,000 after buying an additional 561,327 shares during the period. American Century Companies Inc. raised its holdings in CNO Financial Group by 9.3% during the 1st quarter. American Century Companies Inc. now owns 2,938,034 shares of the financial services provider’s stock worth $122,369,000 after buying an additional 250,173 shares during the period. Finally, Hennessy Advisors Inc. bought a new position in CNO Financial Group in the second quarter valued at approximately $8,140,000. 95.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CNO Financial Group

In related news, CIO Eric R. Johnson sold 48,665 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $41.24, for a total transaction of $2,006,944.60. Following the transaction, the executive directly owned 671,542 shares in the company, valued at approximately $27,694,392.08. The trade was a 6.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of CNO Financial Group from $44.00 to $45.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of CNO Financial Group in a report on Wednesday, October 8th. Finally, Wall Street Zen raised CNO Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, CNO Financial Group has a consensus rating of “Moderate Buy” and a consensus price target of $43.60.

CNO Financial Group Price Performance

NYSE:CNO opened at $40.93 on Friday. CNO Financial Group, Inc. has a 52-week low of $34.63 and a 52-week high of $43.20. The company has a market cap of $3.90 billion, a P/E ratio of 15.10 and a beta of 0.94. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.17 and a current ratio of 0.17. The stock’s 50-day simple moving average is $40.06 and its 200 day simple moving average is $38.71.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Friday, May 19th. The financial services provider reported $0.84 EPS for the quarter. The firm had revenue of $968.30 million during the quarter. CNO Financial Group had a return on equity of 16.63% and a net margin of 6.41%. As a group, sell-side analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 10th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. CNO Financial Group’s dividend payout ratio (DPR) is currently 23.78%.

CNO Financial Group Company 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.