CNO Financial Group, Inc. $CNO Shares Sold by iSAM Funds UK Ltd

iSAM Funds UK Ltd decreased its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 73.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,500 shares of the financial services provider’s stock after selling 15,097 shares during the quarter. iSAM Funds UK Ltd’s holdings in CNO Financial Group were worth $280,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of CNO Financial Group in the 2nd quarter valued at about $682,433,000. Pzena Investment Management LLC purchased a new position in CNO Financial Group during the 2nd quarter worth approximately $124,476,000. Bank of America Corp DE purchased a new position in CNO Financial Group during the 2nd quarter worth approximately $50,034,000. Bank of New York Mellon Corp acquired a new position in CNO Financial Group during the second quarter worth approximately $44,529,000. Finally, Assenagon Asset Management S.A. increased its position in CNO Financial Group by 926.6% during the second quarter. Assenagon Asset Management S.A. now owns 795,165 shares of the financial services provider’s stock worth $40,538,000 after buying an additional 717,710 shares during the period. Institutional investors and hedge funds own 95.43% of the company’s stock.

Insider Activity

In other news, insider Karen J. Detoro sold 9,374 shares of CNO Financial Group stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $54.98, for a total value of $515,382.52. Following the sale, the insider owned 44,250 shares of the company’s stock, valued at $2,432,865. The trade was a 17.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CMO Rocco F. Tarasi III sold 5,750 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $50.00, for a total transaction of $287,500.00. Following the transaction, the chief marketing officer owned 79,191 shares in the company, valued at approximately $3,959,550. This trade represents a 6.77% decrease in their ownership of the stock. 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 quarter, insiders sold 134,319 shares of company stock valued at $7,033,335. 3.44% of the stock is owned by corporate insiders.

Key Headlines Impacting CNO Financial Group

Here are the key news stories impacting CNO Financial Group this week:

• Positive Sentiment: CNO’s investor briefing highlighted growth strategies and operating momentum in its worksite and Medicare businesses, offering investors greater visibility into potential expansion and future earnings. CNO Financial Highlights Growth in Worksite and Medicare Operations
• Positive Sentiment: The company recently reported quarterly earnings of $1.26 per share, well above the $0.97 analyst consensus, while revenue of $1.29 billion exceeded expectations and increased 11.6% year over year. Analysts expect approximately $4.74 in full-year EPS, supporting the stock’s valuation and recent strength.
• Positive Sentiment: CNO declared a quarterly dividend of $0.18 per share, equivalent to $0.72 annually and a yield of about 1.3%. The dividend’s payout ratio of roughly 24.7% suggests room to maintain the distribution if earnings remain solid. CNO Financial Group stock information
• Neutral Sentiment: Analyst sentiment remains mixed: CNO has two Buy ratings and three Hold ratings, with a consensus price target near $56. Several firms have recently raised their targets, including Capital One Financial at $70, but the average target implies limited upside from recent trading levels.
• Negative Sentiment: Insiders Karen J. Detoro and Jeanne L. Linnenbringer sold a combined approximately 39,213 shares worth about $2.15 million between August 31 and September 2. The transactions reduced their holdings and could create a modest overhang, although all sales were made under pre-arranged Rule 10b5-1 plans, making them less indicative of a new negative view on the business. Karen J. Detoro SEC Form 4 Jeanne L. Linnenbringer SEC Form 4

Analyst Upgrades and Downgrades

CNO has been the subject of a number of research reports. Weiss Ratings raised CNO Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, August 11th. Jefferies Financial Group cut shares of CNO Financial Group from a “buy” rating to a “hold” rating and lifted their target price for the company from $53.00 to $55.00 in a report on Friday, July 10th. Keefe, Bruyette & Woods upped their price target on shares of CNO Financial Group from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 3rd. Wall Street Zen upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Evercore set a $48.00 price target on shares of CNO Financial Group and gave the stock an “in-line” rating in a research note on Monday, June 1st. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $56.00.

CNO Financial Group Stock Up 2.5%

CNO Financial Group stock opened at $56.71 on Friday. The stock has a 50 day moving average of $53.76 and a two-hundred day moving average of $47.77. CNO Financial Group, Inc. has a twelve month low of $38.22 and a twelve month high of $57.59. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 19.49 and a beta of 0.80. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.65.

CNO Financial Group (NYSE:CNO) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.29. CNO Financial Group had a return on equity of 18.76% and a net margin of 6.02%.The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $999.45 million. During the same quarter in the previous year, the company posted $0.87 earnings per share. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. As a group, research analysts expect that CNO Financial Group, Inc. will post 4.74 earnings per share for the current year.

CNO Financial Group Dividend Announcement

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

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.