Dorsey Wright & Associates Sells 1,619 Shares of CNO Financial Group, Inc. $CNO

Dorsey Wright & Associates decreased its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,843 shares of the financial services provider’s stock after selling 1,619 shares during the period. Dorsey Wright & Associates’ holdings in CNO Financial Group were worth $1,344,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CNO. Neo Ivy Capital Management bought a new position in CNO Financial Group in the 1st quarter worth approximately $28,000. Turning Point Benefit Group Inc. bought a new stake in CNO Financial Group during the 2nd quarter valued at $32,000. Geneos Wealth Management Inc. lifted its position in shares of CNO Financial Group by 637.4% during the first quarter. Geneos Wealth Management Inc. now owns 1,438 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 1,243 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of CNO Financial Group by 211.4% in the second quarter. Allworth Financial LP now owns 3,074 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 2,087 shares during the period. Finally, CWM LLC grew its position in shares of CNO Financial Group by 27.7% in the first quarter. CWM LLC now owns 3,007 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 653 shares in the last quarter. Institutional investors own 95.43% of the company’s stock.

CNO Financial Group Price Performance

CNO Financial Group stock opened at $40.16 on Wednesday. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 14.82 and a beta of 0.94. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.50. The business has a 50-day simple moving average of $39.83 and a 200 day simple moving average of $38.56. CNO Financial Group, Inc. has a 52 week low of $34.63 and a 52 week high of $43.20.

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

CNO Financial Group Dividend Announcement

The business 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. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, December 10th. CNO Financial Group’s dividend payout ratio (DPR) is currently 23.78%.

Analyst Upgrades and Downgrades

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

Insider Transactions at CNO Financial Group

In other CNO Financial Group news, CIO Eric R. Johnson sold 48,665 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were 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 owned 671,542 shares of the company’s stock, valued at $27,694,392.08. The trade was a 6.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.38% of the stock is currently owned by insiders.

About CNO Financial Group

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.