Millennium Management LLC Sells 395,253 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Millennium Management LLC cut its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 56.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 305,364 shares of the financial services provider's stock after selling 395,253 shares during the period. Millennium Management LLC owned about 0.30% of CNO Financial Group worth $11,363,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CNO. Bank of America Corp DE lifted its holdings in CNO Financial Group by 236.9% during the 4th quarter. Bank of America Corp DE now owns 922,411 shares of the financial services provider's stock worth $34,323,000 after buying an additional 648,591 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in CNO Financial Group during the 4th quarter worth $14,270,000. Norges Bank acquired a new position in CNO Financial Group during the 4th quarter worth $13,975,000. JPMorgan Chase & Co. lifted its holdings in CNO Financial Group by 41.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,274,370 shares of the financial services provider's stock worth $47,419,000 after buying an additional 372,701 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in CNO Financial Group by 11.7% during the 4th quarter. American Century Companies Inc. now owns 2,687,861 shares of the financial services provider's stock worth $100,015,000 after buying an additional 282,611 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Royal Bank of Canada upped their price objective on CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Keefe, Bruyette & Woods upped their price objective on CNO Financial Group from $42.00 to $44.00 and gave the stock a "market perform" rating in a report on Wednesday, February 12th. Finally, Piper Sandler upped their price objective on CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, CNO Financial Group has an average rating of "Hold" and an average price target of $41.00.

CNO Financial Group Trading Up 0.9%

Shares of CNO stock traded up $0.33 during trading hours on Thursday, reaching $37.78. The company had a trading volume of 71,349 shares, compared to its average volume of 690,842. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 10.10 and a beta of 0.90. CNO Financial Group, Inc. has a 1-year low of $26.36 and a 1-year high of $43.20. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. The company has a 50 day moving average of $38.68 and a 200 day moving average of $39.02.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $975.80 million. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. The firm's revenue was down 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. On average, equities research analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be issued a $0.17 dividend. This is a boost from CNO Financial Group's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.68 annualized dividend and a dividend yield of 1.80%. CNO Financial Group's dividend payout ratio (DPR) is presently 23.78%.

Insider Activity

In other news, insider Yvonne K. Franzese sold 2,013 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $42.18, for a total value of $84,908.34. Following the completion of the transaction, the insider now owns 26,994 shares in the company, valued at $1,138,606.92. This trade represents a 6.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott L. Goldberg sold 25,500 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $40.02, for a total value of $1,020,510.00. Following the completion of the transaction, the insider now owns 169,342 shares of the company's stock, valued at $6,777,066.84. The trade was a 13.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,912 shares of company stock worth $3,168,838 in the last quarter. Corporate insiders own 3.00% of the company's stock.

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.