Swiss National Bank Decreases Stock Position in CNO Financial Group, Inc. $CNO

Swiss National Bank reduced its stake in CNO Financial Group by 4.2% in Q2, owning 191,500 shares worth $7.38 million. Other investors adjusted their positions, with Allianz Asset Management increasing its stake by 70.9%. Analysts have mixed ratings, with a moderate buy consensus and a target price of $43.60. CNO's stock opened at $40.93, with a market cap of $3.90 billion. The company announced a quarterly dividend of $0.17, yielding 1.7% annually.

Swiss National Bank trimmed its position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 4.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,500 shares of the financial services provider's stock after selling 8,400 shares during the period. Swiss National Bank owned approximately 0.20% of CNO Financial Group worth $7,388,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CNO. Allianz Asset Management GmbH boosted its position in CNO Financial Group by 70.9% in 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 buying an additional 641,950 shares during the last quarter. Nuveen LLC acquired a new position in shares of CNO Financial Group in the first quarter worth about $24,071,000. Allspring Global Investments Holdings LLC boosted its holdings in CNO Financial Group by 72.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,333,698 shares of the financial services provider's stock valued at $51,641,000 after purchasing an additional 561,327 shares during the last quarter. American Century Companies Inc. grew its stake 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 valued at $122,369,000 after purchasing an additional 250,173 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in CNO Financial Group during the 2nd quarter worth approximately $8,140,000. Institutional investors and hedge funds own 95.43% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts have 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. Keefe, Bruyette & Woods upped 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. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of CNO Financial Group in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $43.60.

Check Out Our Latest Analysis on CNO Financial Group

Insider Buying and Selling

In other CNO Financial Group news, CIO Eric R. Johnson sold 48,665 shares of CNO Financial Group stock in a transaction that occurred on 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 completion of the transaction, the executive directly owned 671,542 shares in the company, valued at $27,694,392.08. The trade was a 6.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.00% of the stock is currently owned by insiders.

CNO Financial Group Stock Performance

Shares of CNO opened at $40.93 on Monday. The stock has a market capitalization of $3.90 billion, a PE ratio of 15.10 and a beta of 0.94. The business's fifty day moving average price is $40.06 and its 200 day moving average price is $38.71. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.17 and a quick ratio of 0.17. CNO Financial Group, Inc. has a 12-month low of $34.63 and a 12-month high of $43.20.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its earnings results on Friday, May 19th. The financial services provider reported $0.84 earnings per share for the quarter. CNO Financial Group had a net margin of 6.41% and a return on equity of 16.63%. The company had revenue of $968.30 million for the quarter. Equities research analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Announces Dividend

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

About CNO Financial Group

(Free Report)

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.

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