74,292 Shares in CNO Financial Group, Inc. $CNO Bought by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP acquired 74,292 shares of CNO Financial Group worth approximately $2.14 million, while institutional investors collectively own 95.43% of the company.
• CNO reported a strong quarterly performance, with EPS of $1.26 versus the $0.97 consensus estimate and revenue of $1.29 billion, up 11.6% year over year.
• CNO declared a quarterly dividend of $0.18 per share, equal to a $0.72 annualized payout and a 1.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $56.

Corient Private Wealth LP bought a new stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 74,292 shares of the financial services provider's stock, valued at approximately $2,140,000. Corient Private Wealth LP owned 0.08% of CNO Financial Group at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CNO. Louisiana State Employees Retirement System acquired a new position in shares of CNO Financial Group during the first quarter valued at about $1,125,000. Callan Family Office LLC purchased a new position in shares of CNO Financial Group in the 2nd quarter worth approximately $1,089,000. BlackRock Inc. purchased a new stake in shares of CNO Financial Group during the second quarter valued at approximately $682,433,000. Hsbc Holdings PLC lifted its holdings in CNO Financial Group by 102.1% during the fourth quarter. Hsbc Holdings PLC now owns 45,025 shares of the financial services provider's stock worth $1,914,000 after acquiring an additional 22,749 shares during the period. Finally, Deutsche Bank AG bought a new stake in CNO Financial Group during the second quarter worth $6,545,000. Institutional investors and hedge funds own 95.43% of the company's stock.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, CEO Gary C. Bhojwani sold 86,048 shares of CNO Financial Group stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $51.48, for a total transaction of $4,429,751.04. Following the completion of the sale, the chief executive officer directly owned 174,264 shares in the company, valued at $8,971,110.72. The trade was a 33.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CMO Rocco F. Tarasi III sold 5,750 shares of CNO Financial Group stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $50.00, for a total transaction of $287,500.00. Following the sale, the chief marketing officer owned 79,191 shares of the company's stock, valued at approximately $3,959,550. The trade was a 6.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 134,319 shares of company stock valued at $7,033,335. Company insiders own 3.44% of the company's stock.

CNO Financial Group Price Performance

CNO Financial Group stock opened at $55.33 on Thursday. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 19.01 and a beta of 0.80. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.65. The business has a 50-day simple moving average of $53.67 and a 200 day simple moving average of $47.68. CNO Financial Group, Inc. has a 52 week low of $38.22 and a 52 week high of $57.59.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.29. The firm had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $999.45 million. CNO Financial Group had a return on equity of 18.76% and a net margin of 6.02%.The company's revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 EPS. On average, research analysts forecast that CNO Financial Group, Inc. will post 4.74 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 10th. CNO Financial Group's dividend payout ratio is 24.74%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CNO. Jefferies Financial Group lowered shares of CNO Financial Group from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $53.00 to $55.00 in a research report on Friday, July 10th. Keefe, Bruyette & Woods increased their price objective on CNO Financial Group from $53.00 to $57.00 and gave the stock a "market perform" rating in a report on Monday, August 3rd. Wall Street Zen raised shares of CNO Financial Group from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Capital One Financial set a $70.00 target price on shares of CNO Financial Group in a research note on Wednesday, August 26th. Finally, Weiss Ratings raised shares of CNO Financial Group from a "buy (b)" rating to a "buy (b+)" rating in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $56.00.

CNO Financial Group News Roundup

Here are the key news stories impacting CNO Financial Group this week:

• Positive Sentiment: CNO’s September 1 investor briefing highlighted growth strategies and operating momentum in its worksite and Medicare operations, potentially reinforcing the investment case and helping support the stock’s recent strength. CNO Financial Highlights Growth in Worksite and Medicare Operations
• Positive Sentiment: Management’s discussion of business strategies and growth drivers in the worksite and Medicare segments gives investors additional visibility into potential expansion areas and future earnings support. CNO Financial Group Discusses Worksite and Medicare Business Strategies and Growth Drivers Transcript
• Negative Sentiment: Insiders Karen J. Detoro and Jeanne L. Linnenbringer collectively sold approximately 39,213 shares worth about $2.15 million across August 31 through September 2. The sales reduce their individual holdings and could signal profit-taking or create a modest overhang, though both sets of transactions were executed under pre-arranged Rule 10b5-1 plans. Karen J. Detoro SEC Form 4 Jeanne L. Linnenbringer SEC Form 4

CNO Financial Group Company Profile

CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.

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