CNO Financial Group, Inc. $CNO Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. decreased its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 183,600 shares of the financial services provider’s stock after selling 11,900 shares during the period. Hennessy Advisors Inc.’s holdings in CNO Financial Group were worth $7,797,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CNO. Millennium Management LLC increased its stake in CNO Financial Group by 190.3% during the 3rd quarter. Millennium Management LLC now owns 579,656 shares of the financial services provider’s stock valued at $22,925,000 after buying an additional 379,984 shares during the period. Capitolis Liquid Global Markets LLC increased its stake in CNO Financial Group by 384.9% during the 3rd quarter. Capitolis Liquid Global Markets LLC now owns 438,800 shares of the financial services provider’s stock valued at $17,355,000 after buying an additional 348,300 shares during the period. Retirement Systems of Alabama acquired a new position in shares of CNO Financial Group in the 3rd quarter worth approximately $11,857,000. Hudson Bay Capital Management LP acquired a new position in shares of CNO Financial Group in the 2nd quarter worth approximately $10,651,000. Finally, Qube Research & Technologies Ltd lifted its stake in CNO Financial Group by 70.9% during the second quarter. Qube Research & Technologies Ltd now owns 539,233 shares of the financial services provider’s stock valued at $20,804,000 after purchasing an additional 223,633 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.

CNO Financial Group Stock Performance

CNO stock opened at $43.73 on Monday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a market cap of $4.10 billion, a P/E ratio of 19.61 and a beta of 0.83. The firm has a 50 day simple moving average of $41.72 and a 200 day simple moving average of $41.39. CNO Financial Group, Inc. has a 52 week low of $35.24 and a 52 week high of $44.85.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.47 EPS for the quarter, topping the consensus estimate of $1.20 by $0.27. The business had revenue of $101.10 million during the quarter, compared to analysts’ expectations of $1 billion. CNO Financial Group had a net margin of 4.94% and a return on equity of 15.80%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company posted $1.18 earnings per share. Research analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, March 10th. CNO Financial Group’s dividend payout ratio (DPR) is currently 30.49%.

Analyst Ratings Changes

Several analysts recently commented on CNO shares. Wall Street Zen lowered shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Evercore reissued an “underperform” rating and issued a $43.00 target price on shares of CNO Financial Group in a research report on Wednesday, February 18th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $46.00 target price on shares of CNO Financial Group in a research report on Thursday, March 26th. Weiss Ratings reissued a “buy (b)” rating on shares of CNO Financial Group in a research report on Wednesday, January 21st. Finally, Piper Sandler lifted their target price on shares of CNO Financial Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 23rd. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $46.50.

Insider Activity at CNO Financial Group

In related news, insider Yvonne K. Franzese sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $43.17, for a total transaction of $388,530.00. Following the completion of the sale, the insider directly owned 35,062 shares in the company, valued at approximately $1,513,626.54. This trade represents a 20.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Matthew J. Zimpfer sold 33,800 shares of the firm’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 transaction of $1,455,090.00. Following the sale, the general counsel owned 307,937 shares of the company’s stock, valued at approximately $13,256,687.85. This represents a 9.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 196,778 shares of company stock valued at $8,442,863. 3.44% of the stock is owned by company insiders.

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.