CNO Financial Group, Inc. $CNO Position Reduced by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC trimmed its position in CNO Financial Group, Inc. (NYSE:CNO) by 82.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,598 shares of the financial services provider’s stock after selling 25,624 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in CNO Financial Group were worth $221,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Optiver Holding B.V. lifted its position in shares of CNO Financial Group by 90.1% in the 3rd quarter. Optiver Holding B.V. now owns 637 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 302 shares in the last quarter. Smartleaf Asset Management LLC grew its position in CNO Financial Group by 353.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 743 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 579 shares in the last quarter. First Horizon Corp acquired a new stake in CNO Financial Group during the 3rd quarter valued at $32,000. EverSource Wealth Advisors LLC raised its stake in CNO Financial Group by 123.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,176 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 649 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings 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 valued at $46,000 after purchasing an additional 336 shares in the last quarter. 95.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of CNO Financial Group in a report on Wednesday, January 21st. Jefferies Financial Group raised CNO Financial Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $42.00 to $47.00 in a research note on Monday, December 15th. Piper Sandler raised their price objective on CNO Financial Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 23rd. Wall Street Zen raised CNO Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Finally, Evercore reiterated an “underperform” rating and issued a $43.00 target price on shares of CNO Financial Group in a report on Wednesday, February 18th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, CNO Financial Group currently has a consensus rating of “Hold” and an average target price of $46.25.

CNO Financial Group Trading Down 0.5%

CNO Financial Group stock opened at $39.73 on Friday. CNO Financial Group, Inc. has a 12 month low of $34.63 and a 12 month high of $44.85. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.43. The stock has a market cap of $3.75 billion, a P/E ratio of 17.82 and a beta of 0.83. The company’s fifty day simple moving average is $42.19 and its 200-day simple moving average is $41.04.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.27. CNO Financial Group had a return on equity of 15.80% and a net margin of 4.94%.The firm had revenue of $101.10 million during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the firm earned $1.18 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. 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 declared a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.7%. CNO Financial Group’s dividend payout ratio (DPR) is 30.49%.

Insider Transactions at CNO Financial Group

In related news, CEO Gary C. Bhojwani sold 43,021 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $43.05, for a total value of $1,852,054.05. Following the completion of the sale, the chief executive officer owned 277,526 shares of the company’s stock, valued at approximately $11,947,494.30. The trade was a 13.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CMO Rocco F. Tarasi III sold 9,283 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $42.60, for a total value of $395,455.80. Following the completion of the transaction, the chief marketing officer owned 73,932 shares in the company, valued at $3,149,503.20. This represents a 11.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 226,431 shares of company stock valued at $9,715,996 in the last quarter. Corporate insiders own 3.00% of the company’s stock.

CNO Financial Group 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.