Kingsview Wealth Management LLC Makes New Investment in CNO Financial Group, Inc. $CNO

Kingsview Wealth Management LLC bought a new stake in CNO Financial Group, Inc. (NYSE:CNO) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 66,909 shares of the financial services provider’s stock, valued at approximately $2,581,000.

Other institutional investors also recently modified their holdings of the company. American Century Companies Inc. lifted its position in shares of CNO Financial Group by 9.3% during the 1st quarter. American Century Companies Inc. now owns 2,938,034 shares of the financial services provider’s stock worth $122,369,000 after buying an additional 250,173 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of CNO Financial Group by 70.9% in the second quarter. Allianz Asset Management GmbH now owns 1,546,745 shares of the financial services provider’s stock worth $59,673,000 after acquiring an additional 641,950 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of CNO Financial Group by 72.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,333,698 shares of the financial services provider’s stock valued at $51,641,000 after purchasing an additional 561,327 shares in the last quarter. Invesco Ltd. grew its holdings in shares of CNO Financial Group by 10.2% during the 1st quarter. Invesco Ltd. now owns 990,776 shares of the financial services provider’s stock valued at $41,266,000 after purchasing an additional 91,550 shares during the last quarter. Finally, Nuveen LLC acquired a new position in CNO Financial Group during the 1st quarter worth approximately $24,071,000. Institutional investors and hedge funds own 95.43% of the company’s stock.

Analysts Set New Price Targets

CNO has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their target price on shares of 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. Wall Street Zen upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of CNO Financial Group in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, CNO Financial Group currently has an average rating of “Moderate Buy” and an average target price of $43.60.

Insider Activity

In other news, CIO Eric R. Johnson sold 48,665 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $41.24, for a total transaction of $2,006,944.60. Following the completion of the sale, the executive owned 671,542 shares of the company’s stock, valued at $27,694,392.08. This trade represents a 6.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.38% of the company’s stock.

CNO Financial Group Stock Up 1.1%

Shares of NYSE:CNO opened at $40.16 on Wednesday. The firm has a market cap of $3.83 billion, a P/E ratio of 14.82 and a beta of 0.94. CNO Financial Group, Inc. has a 12-month low of $34.63 and a 12-month high of $43.20. The business has a fifty day simple moving average of $39.83 and a 200 day simple moving average of $38.56. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.50.

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

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 10th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, December 10th. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. CNO Financial Group’s dividend payout ratio is presently 23.78%.

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.