American Century Companies Inc. Has $120.43 Million Stock Holdings in CNO Financial Group, Inc. $CNO

American Century Companies Inc. grew its position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 6.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,121,527 shares of the financial services provider's stock after buying an additional 183,493 shares during the period. American Century Companies Inc. owned 3.22% of CNO Financial Group worth $120,429,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Turning Point Benefit Group Inc. bought a new position in CNO Financial Group in the second quarter valued at about $32,000. Geneos Wealth Management Inc. lifted its position 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 during the period. Allworth Financial LP boosted its stake in shares of CNO Financial Group by 211.4% in the 2nd quarter. Allworth Financial LP now owns 3,074 shares of the financial services provider's stock valued at $119,000 after purchasing an additional 2,087 shares during the last quarter. CWM LLC grew 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 worth $125,000 after buying an additional 653 shares during the period. Finally, Summit Securities Group LLC bought a new stake in shares of CNO Financial Group during the first quarter worth approximately $136,000. Institutional investors own 95.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods raised their price objective on shares of 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 reissued a "buy (b)" rating on shares of CNO Financial Group in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded CNO Financial Group from a "hold" rating to a "buy" rating in a research report on Saturday, November 8th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, CNO Financial Group currently has an average rating of "Moderate Buy" and an average price target of $43.60.

CNO Financial Group Trading Up 1.0%

NYSE CNO opened at $40.84 on Tuesday. CNO Financial Group, Inc. has a one year low of $34.63 and a one year high of $43.20. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market cap of $3.89 billion, a P/E ratio of 15.07 and a beta of 0.94. The stock's 50-day moving average is $39.90 and its 200-day moving average is $38.63.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its earnings results on Friday, May 19th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter. The business had revenue of $968.30 million during the quarter. CNO Financial Group had a return on equity of 16.63% and a net margin of 6.41%. Sell-side analysts anticipate that CNO Financial Group, Inc. will post 3.83 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 Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend 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 currently 23.78%.

Insider Activity at CNO Financial Group

In related news, CIO Eric R. Johnson sold 48,665 shares of the business's stock in a transaction on Monday, November 10th. The shares were sold at an average price of $41.24, for a total value of $2,006,944.60. Following the sale, the executive directly owned 671,542 shares of the company's stock, valued at approximately $27,694,392.08. The trade was a 6.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by insiders.

About CNO Financial Group

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.

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