CNO Financial Group, Inc. $CNO Shares Sold by Vest Financial LLC

Vest Financial LLC decreased its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 22.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 53,644 shares of the financial services provider’s stock after selling 15,581 shares during the quarter. Vest Financial LLC’s holdings in CNO Financial Group were worth $2,070,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CNO. GAMMA Investing LLC raised its stake in shares of CNO Financial Group by 25.0% during the first quarter. GAMMA Investing LLC now owns 2,861 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 572 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of CNO Financial Group during the 1st quarter valued at approximately $806,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of CNO Financial Group by 5.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,701 shares of the financial services provider’s stock worth $571,000 after purchasing an additional 744 shares in the last quarter. Trust Point Inc. raised its position in CNO Financial Group by 14.2% in the first quarter. Trust Point Inc. now owns 7,007 shares of the financial services provider’s stock worth $292,000 after acquiring an additional 873 shares in the last quarter. Finally, QRG Capital Management Inc. grew its stake in CNO Financial Group by 1.6% during the 1st quarter. QRG Capital Management Inc. now owns 81,682 shares of the financial services provider’s stock valued at $3,402,000 after acquiring an additional 1,291 shares in the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

CNO Financial Group Stock Up 1.6%

CNO stock opened at $40.04 on Wednesday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.50. CNO Financial Group, Inc. has a 1-year low of $34.10 and a 1-year high of $43.20. The stock has a market cap of $3.88 billion, a P/E ratio of 14.78 and a beta of 0.90. The stock’s fifty day simple moving average is $39.05 and its two-hundred day simple moving average is $38.27.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Friday, May 19th. The financial services provider reported $0.84 earnings per share for the quarter. The business had revenue of $968.30 million for the quarter. CNO Financial Group had a return on equity of 16.63% and a net margin of 6.41%. Analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, September 10th. CNO Financial Group’s dividend payout ratio (DPR) is 25.09%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CNO. Keefe, Bruyette & Woods increased their price objective on CNO Financial Group from $44.00 to $45.00 and gave the company a “market perform” rating in a research report on Thursday, October 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of CNO Financial Group in a report on Wednesday, October 8th. Finally, Wall Street Zen cut CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.60.

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.