Victory Capital Management Inc. Has $27.18 Million Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Victory Capital Management Inc. decreased its position in CNO Financial Group, Inc. (NYSE:CNO) by 0.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 774,346 shares of the financial services provider’s stock after selling 2,925 shares during the period. Victory Capital Management Inc. owned about 0.73% of CNO Financial Group worth $27,180,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blair William & Co. IL boosted its position in shares of CNO Financial Group by 2.1% in the first quarter. Blair William & Co. IL now owns 19,189 shares of the financial services provider’s stock worth $527,000 after buying an additional 399 shares during the period. State of Alaska Department of Revenue boosted its position in CNO Financial Group by 3.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 12,290 shares of the financial services provider’s stock worth $431,000 after acquiring an additional 415 shares during the period. CWM LLC increased its holdings in shares of CNO Financial Group by 64.1% in the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 447 shares during the period. Blue Trust Inc. lifted its position in shares of CNO Financial Group by 25.4% in the second quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 483 shares in the last quarter. Finally, Point72 Hong Kong Ltd lifted its position in shares of CNO Financial Group by 1.8% in the second quarter. Point72 Hong Kong Ltd now owns 28,700 shares of the financial services provider’s stock worth $796,000 after purchasing an additional 511 shares in the last quarter. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

CNO Financial Group Trading Down 0.3 %

Shares of NYSE:CNO opened at $38.95 on Monday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. The stock’s 50-day moving average is $35.40 and its 200-day moving average is $31.80. The company has a market cap of $4.02 billion, a P/E ratio of 15.71 and a beta of 1.01. CNO Financial Group, Inc. has a 52-week low of $24.92 and a 52-week high of $40.29.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.29. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $945.44 million. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The company’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 earnings per share. Equities research analysts predict that CNO Financial Group, Inc. will post 3.73 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.16 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.64 annualized dividend and a yield of 1.64%. CNO Financial Group’s dividend payout ratio is currently 25.81%.

Insider Buying and Selling at CNO Financial Group

In other CNO Financial Group news, insider Jeremy David Williams sold 4,783 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $40.09, for a total value of $191,750.47. Following the completion of the sale, the insider now owns 62,121 shares in the company, valued at approximately $2,490,430.89. This trade represents a 7.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeanne L. Linnenbringer sold 5,435 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $34.26, for a total transaction of $186,203.10. Following the completion of the sale, the insider now directly owns 37,663 shares of the company’s stock, valued at approximately $1,290,334.38. This represents a 12.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,582 shares of company stock valued at $565,050. 3.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CNO shares. Evercore ISI upped their price objective on shares of CNO Financial Group from $27.00 to $29.00 and gave the company an “underperform” rating in a research note on Wednesday, July 31st. Royal Bank of Canada upped their price target on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Finally, Piper Sandler lifted their price objective on CNO Financial Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, CNO Financial Group has an average rating of “Hold” and a consensus price target of $34.50.

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.