First Hawaiian Bank Sells 4,909 Shares of CNO Financial Group, Inc. (NYSE:CNO)

First Hawaiian Bank trimmed its stake in CNO Financial Group, Inc. (NYSE:CNO) by 17.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,948 shares of the financial services provider’s stock after selling 4,909 shares during the period. First Hawaiian Bank’s holdings in CNO Financial Group were worth $891,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CNO. Quarry LP grew its position in CNO Financial Group by 123.2% in the second quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 935 shares during the period. CWM LLC grew its position in CNO Financial Group by 53.0% in the third quarter. CWM LLC now owns 1,750 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 606 shares during the period. GAMMA Investing LLC grew its position in CNO Financial Group by 141.8% in the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 1,164 shares during the period. Point72 DIFC Ltd bought a new stake in CNO Financial Group in the second quarter valued at $89,000. Finally, KBC Group NV grew its position in CNO Financial Group by 26.7% in the third quarter. KBC Group NV now owns 3,349 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 706 shares during the period. 95.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Piper Sandler boosted their price objective on CNO Financial Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Jefferies Financial Group boosted their price objective on CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada boosted their price objective on CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, CNO Financial Group presently has an average rating of “Hold” and a consensus price target of $37.00.

CNO Financial Group Trading Down 3.0 %

Shares of CNO opened at $36.03 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. CNO Financial Group, Inc. has a 12-month low of $24.92 and a 12-month high of $40.91. The firm has a market capitalization of $3.72 billion, a PE ratio of 14.53 and a beta of 1.04. The stock’s fifty day simple moving average is $38.21 and its 200-day simple moving average is $34.54.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.29. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $945.44 million. During the same quarter in the prior year, the firm posted $0.88 earnings per share. The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year. As a group, research analysts predict that CNO Financial Group, Inc. will post 3.73 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.78%. The ex-dividend date was Tuesday, December 10th. CNO Financial Group’s dividend payout ratio (DPR) is presently 25.81%.

Insider Activity

In related news, CIO Eric R. Johnson sold 3,978 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $39.09, for a total value of $155,500.02. Following the completion of the sale, the executive now owns 631,844 shares in the company, valued at approximately $24,698,781.96. This represents a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jeremy David Williams sold 4,783 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $40.09, for a total value of $191,750.47. Following the completion of the sale, the insider now owns 62,121 shares of the company’s stock, valued at $2,490,430.89. This represents a 7.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,745 shares of company stock valued at $572,467 over the last 90 days. 3.00% of the stock is owned by company insiders.

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.