CNO Financial Group, Inc. $CNO Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. lowered its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 82.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,474 shares of the financial services provider’s stock after selling 74,234 shares during the period. QRG Capital Management Inc.’s holdings in CNO Financial Group were worth $612,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CNO. First Horizon Corp purchased a new stake in CNO Financial Group during the 3rd quarter worth $32,000. Turning Point Benefit Group Inc. acquired a new position in shares of CNO Financial Group during the second quarter worth about $32,000. EverSource Wealth Advisors LLC lifted its stake in shares of CNO Financial Group by 123.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,176 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 649 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of CNO Financial Group by 39.2% in the second quarter. Osaic Holdings Inc. now owns 1,194 shares of the financial services provider’s stock worth $46,000 after buying an additional 336 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in shares of 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.

CNO Financial Group Trading Up 1.0%

CNO opened at $41.47 on Friday. CNO Financial Group, Inc. has a 12-month low of $34.63 and a 12-month high of $44.19. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a market capitalization of $3.95 billion, a PE ratio of 14.50 and a beta of 0.85. The firm’s fifty day moving average price is $41.80 and its 200 day moving average price is $39.85.

CNO Financial Group (NYSE:CNO) last released its earnings results on Monday, November 3rd. The financial services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.34. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate 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 was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.11 EPS. As a group, research analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 10th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, December 10th. This represents a $0.68 annualized dividend and a yield of 1.6%. CNO Financial Group’s dividend payout ratio is presently 23.78%.

Insiders Place Their Bets

In other news, CEO Gary C. Bhojwani sold 31,430 shares of CNO Financial Group 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 completion of the transaction, the chief executive officer owned 195,926 shares in the company, valued at approximately $8,226,932.74. This trade represents a 13.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Rocco F. Tarasi III sold 9,283 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $42.60, for a total value of $395,455.80. Following the sale, the chief marketing officer directly owned 73,932 shares in the company, valued at approximately $3,149,503.20. This represents a 11.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 89,378 shares of company stock valued at $3,722,146 in the last quarter. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Piper Sandler upped their price target on CNO Financial Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday, December 23rd. Weiss Ratings restated a “buy (b)” rating on shares of CNO Financial Group in a research note on Wednesday. Keefe, Bruyette & Woods raised their price target 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. Jefferies Financial Group upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $42.00 to $47.00 in a report on Monday, December 15th. Finally, Wall Street Zen raised shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, CNO Financial Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

About CNO Financial Group

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.