Congress Asset Management Co. Has $5.21 Million Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Congress Asset Management Co. lowered its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 1.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 148,315 shares of the financial services provider’s stock after selling 1,475 shares during the period. Congress Asset Management Co.’s holdings in CNO Financial Group were worth $5,206,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Assenagon Asset Management S.A. grew its position in CNO Financial Group by 300.9% in the third quarter. Assenagon Asset Management S.A. now owns 1,199,040 shares of the financial services provider’s stock valued at $42,086,000 after acquiring an additional 899,990 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of CNO Financial Group by 455.1% in the second quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider’s stock worth $21,546,000 after acquiring an additional 637,254 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of CNO Financial Group by 19.4% in the 2nd quarter. American Century Companies Inc. now owns 2,117,416 shares of the financial services provider’s stock valued at $58,695,000 after purchasing an additional 343,819 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of CNO Financial Group by 97.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 622,348 shares of the financial services provider’s stock valued at $17,251,000 after purchasing an additional 306,751 shares during the last quarter. Finally, Denali Advisors LLC increased its position in CNO Financial Group by 725.0% during the 2nd quarter. Denali Advisors LLC now owns 231,000 shares of the financial services provider’s stock worth $6,403,000 after purchasing an additional 203,000 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors.

CNO Financial Group Stock Up 4.4 %

Shares of NYSE:CNO opened at $35.92 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.19 and a current ratio of 0.19. CNO Financial Group, Inc. has a 52-week low of $23.17 and a 52-week high of $36.95. The business’s 50 day simple moving average is $34.55 and its two-hundred day simple moving average is $30.87. The firm has a market cap of $3.80 billion, a P/E ratio of 9.33 and a beta of 1.01.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.27. CNO Financial Group had a net margin of 9.96% and a return on equity of 18.30%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $945.44 million. During the same period last year, the company earned $0.88 earnings per share. The business’s revenue was up 19.2% on a year-over-year basis. As a group, research analysts forecast that CNO Financial Group, Inc. will post 3.43 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Tuesday, September 10th. CNO Financial Group’s payout ratio is currently 16.62%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Piper Sandler raised their target price on shares of CNO Financial Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada increased their price target on CNO Financial Group from $30.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods boosted their price objective on CNO Financial Group from $30.00 to $31.00 and gave the stock a “market perform” rating in a research report on Monday, July 8th. Finally, Evercore ISI increased their target price on CNO Financial Group from $27.00 to $29.00 and gave the company an “underperform” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $34.00.

Insider Buying and Selling

In other CNO Financial Group news, insider Jeanne L. Linnenbringer sold 5,435 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $34.26, for a total value of $186,203.10. Following the completion of the sale, the insider now owns 37,663 shares in the company, valued at approximately $1,290,334.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other CNO Financial Group news, insider Jeanne L. Linnenbringer sold 5,435 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $34.26, for a total value of $186,203.10. Following the transaction, the insider now owns 37,663 shares of the company’s stock, valued at approximately $1,290,334.38. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeanne L. Linnenbringer sold 5,364 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $34.88, for a total value of $187,096.32. Following the sale, the insider now directly owns 44,884 shares of the company’s stock, valued at approximately $1,565,553.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

CNO Financial Group Profile

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.