Sequoia Financial Advisors LLC Invests $1.08 Million in CNO Financial Group, Inc. $CNO

Sequoia Financial Advisors LLC bought a new position in shares of CNO Financial Group, Inc. (NYSE:CNO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,237 shares of the financial services provider’s stock, valued at approximately $1,077,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of CNO Financial Group by 29.5% in the 1st quarter. Royal Bank of Canada now owns 176,059 shares of the financial services provider’s stock valued at $7,332,000 after purchasing an additional 40,054 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of CNO Financial Group by 1.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,757 shares of the financial services provider’s stock worth $2,531,000 after purchasing an additional 797 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of CNO Financial Group by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 376,747 shares of the financial services provider’s stock worth $15,692,000 after purchasing an additional 20,728 shares in the last quarter. Jane Street Group LLC increased its holdings in CNO Financial Group by 146.4% in the first quarter. Jane Street Group LLC now owns 149,159 shares of the financial services provider’s stock valued at $6,212,000 after buying an additional 88,619 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in CNO Financial Group by 637.4% in the first quarter. Geneos Wealth Management Inc. now owns 1,438 shares of the financial services provider’s stock valued at $60,000 after buying an additional 1,243 shares in the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

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 dated Monday, November 10th. The stock was sold at an average price of $41.24, for a total value of $2,006,944.60. Following the transaction, the executive owned 671,542 shares in the company, valued at $27,694,392.08. The trade was a 6.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Gary C. Bhojwani sold 31,430 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $41.99, for a total value of $1,319,745.70. Following the sale, the chief executive officer directly owned 195,926 shares of the company’s stock, valued at $8,226,932.74. The trade was a 13.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 89,378 shares of company stock worth $3,722,146. 3.00% of the stock is owned by company insiders.

CNO Financial Group Trading Down 2.0%

CNO opened at $40.66 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.45. CNO Financial Group, Inc. has a 52 week low of $34.63 and a 52 week high of $44.19. The business’s 50 day moving average is $41.79 and its two-hundred day moving average is $39.87. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 14.22 and a beta of 0.85.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Monday, November 3rd. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.34. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $975.35 million. CNO Financial Group had a net margin of 6.64% and a return on equity of 15.81%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted $1.11 earnings per share. On average, research analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 10th were paid a $0.17 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. CNO Financial Group’s payout ratio is currently 23.78%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CNO shares. Wall Street Zen raised CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “buy (b)” rating on shares of CNO Financial Group in a research note on Wednesday. Jefferies Financial Group raised CNO Financial Group from a “hold” rating to a “buy” rating and upped their price target for the company from $42.00 to $47.00 in a report on Monday, December 15th. Piper Sandler raised their price objective on shares of CNO Financial Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday, December 23rd. Finally, Keefe, Bruyette & Woods upped their target price on shares of CNO Financial Group from $44.00 to $45.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $46.75.

CNO Financial Group Company Profile

CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.