CNO Financial Group, Inc. $CNO Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,004,422 shares of the financial services provider’s stock after selling 21,915 shares during the period. Bank of New York Mellon Corp owned approximately 1.01% of CNO Financial Group worth $38,751,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CNO. Neo Ivy Capital Management bought a new position in shares of CNO Financial Group in the first quarter valued at approximately $28,000. Turning Point Benefit Group Inc. bought a new position in CNO Financial Group during the 2nd quarter valued at $32,000. Geneos Wealth Management Inc. boosted its stake in CNO Financial Group by 637.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,438 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 1,243 shares in the last quarter. CWM LLC increased its position in shares of CNO Financial Group by 27.7% during the 1st quarter. CWM LLC now owns 3,007 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 653 shares during the period. Finally, Summit Securities Group LLC bought a new stake in shares of CNO Financial Group in the 1st quarter worth $136,000. 95.43% of the stock is owned by institutional investors and hedge funds.

CNO Financial Group Stock Up 1.5%

Shares of NYSE:CNO opened at $41.60 on Thursday. CNO Financial Group, Inc. has a 52 week low of $34.63 and a 52 week high of $43.20. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market cap of $3.97 billion, a PE ratio of 15.35 and a beta of 0.94. The firm has a 50 day simple moving average of $39.77 and a 200 day simple moving average of $38.49.

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

CNO Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 10th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 10th. CNO Financial Group’s dividend payout ratio is currently 23.78%.

Analyst Ratings Changes

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

CNO Financial Group Company 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.