UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 28,694 Shares of CNO Financial Group, Inc. $CNO

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 11.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 213,842 shares of the financial services provider’s stock after selling 28,694 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.23% of CNO Financial Group worth $10,902,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CNO. Louisiana State Employees Retirement System bought a new stake in shares of CNO Financial Group in the 1st quarter valued at about $1,125,000. Callan Family Office LLC purchased a new stake in CNO Financial Group in the second quarter worth $1,089,000. BlackRock Inc. bought a new stake in shares of CNO Financial Group during the 2nd quarter valued at about $682,433,000. Hsbc Holdings PLC grew its holdings in shares of CNO Financial Group by 102.1% during the 4th quarter. Hsbc Holdings PLC now owns 45,025 shares of the financial services provider’s stock worth $1,914,000 after acquiring an additional 22,749 shares during the period. Finally, Deutsche Bank AG purchased a new stake in CNO Financial Group in the second quarter worth $6,545,000. Institutional investors own 95.43% of the company’s stock.

Analyst Upgrades and Downgrades

CNO has been the subject of a number of recent research reports. Jefferies Financial Group cut shares of CNO Financial Group from a “buy” rating to a “hold” rating and lifted their price target for the company from $53.00 to $55.00 in a research report on Friday, July 10th. Weiss Ratings raised shares of CNO Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, August 11th. Keefe, Bruyette & Woods boosted their target price on CNO Financial Group from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 3rd. Evercore set a $48.00 target price on shares of CNO Financial Group and gave the company an “in-line” rating in a research note on Monday, June 1st. Finally, Capital One Financial set a $70.00 target price on CNO Financial Group in a report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $56.00.

CNO Financial Group Stock Performance

CNO opened at $56.67 on Monday. The firm has a market cap of $5.24 billion, a P/E ratio of 19.47 and a beta of 0.80. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.17 and a quick ratio of 0.17. The company has a 50 day simple moving average of $53.85 and a two-hundred day simple moving average of $47.87. CNO Financial Group, Inc. has a 1-year low of $38.22 and a 1-year high of $57.59.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.29. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $999.45 million. CNO Financial Group had a return on equity of 18.76% and a net margin of 6.02%.The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the firm earned $0.87 earnings per share. Equities analysts forecast that CNO Financial Group, Inc. will post 4.74 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, September 10th. CNO Financial Group’s payout ratio is currently 24.74%.

Insider Transactions at CNO Financial Group

In other CNO Financial Group news, insider Jeanne L. Linnenbringer sold 3,919 shares of the stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $55.11, for a total transaction of $215,976.09. Following the completion of the transaction, the insider owned 26,209 shares in the company, valued at $1,444,377.99. This trade represents a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Karen J. Detoro sold 5,964 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $55.12, for a total transaction of $328,735.68. Following the completion of the transaction, the insider directly owned 36,450 shares of the company’s stock, valued at approximately $2,009,124. The trade was a 14.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 134,319 shares of company stock valued at $7,033,335. 3.44% of the stock is owned by company insiders.

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.