Amalgamated Bank Sells 5,105 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Amalgamated Bank lowered its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 9.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,404 shares of the financial services provider’s stock after selling 5,105 shares during the period. Amalgamated Bank’s holdings in CNO Financial Group were worth $1,664,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in CNO Financial Group by 64.1% during the second quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock worth $32,000 after buying an additional 447 shares during the last quarter. Quarry LP boosted its holdings in CNO Financial Group by 123.2% during the second quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock worth $47,000 after buying an additional 935 shares during the last quarter. EntryPoint Capital LLC bought a new position in CNO Financial Group during the first quarter worth about $52,000. Blue Trust Inc. boosted its holdings in CNO Financial Group by 25.4% during the second quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock worth $66,000 after buying an additional 483 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in CNO Financial Group by 141.8% during the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock worth $70,000 after buying an additional 1,164 shares during the last quarter. Institutional investors own 95.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Royal Bank of Canada raised their target price on CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Piper Sandler lifted their price objective on CNO Financial Group from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Finally, Evercore ISI lifted their price objective on CNO Financial Group from $27.00 to $29.00 and gave the company an “underperform” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $34.50.

Insider Activity at CNO Financial Group

In related news, insider Jeanne L. Linnenbringer sold 5,364 shares of CNO Financial Group stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $34.88, for a total value of $187,096.32. Following the sale, the insider now owns 44,884 shares of the company’s stock, valued at approximately $1,565,553.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CNO Financial Group news, insider Jeanne L. Linnenbringer sold 5,364 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $34.88, for a total transaction of $187,096.32. Following the transaction, the insider now owns 44,884 shares of the company’s stock, valued at $1,565,553.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeremy David Williams sold 4,783 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $40.09, for a total value of $191,750.47. Following the transaction, the insider now directly owns 62,121 shares in the company, valued at $2,490,430.89. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,582 shares of company stock valued at $565,050. 3.00% of the stock is owned by insiders.

CNO Financial Group Stock Down 1.1 %

Shares of CNO Financial Group stock opened at $39.56 on Wednesday. The business’s 50 day simple moving average is $35.09 and its 200 day simple moving average is $31.54. CNO Financial Group, Inc. has a 52-week low of $24.24 and a 52-week high of $40.29. The firm has a market cap of $4.18 billion, a PE ratio of 15.95 and a beta of 1.01. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the firm earned $0.88 EPS. CNO Financial Group’s revenue for the quarter was up 19.2% compared to the same quarter last year. On average, analysts predict that CNO Financial Group, Inc. will post 3.63 earnings per share for the current fiscal year.

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.