Quadrature Capital Ltd Takes $524,000 Position in CNO Financial Group, Inc. (NYSE:CNO)

Quadrature Capital Ltd acquired a new stake in CNO Financial Group, Inc. (NYSE:CNO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,777 shares of the financial services provider’s stock, valued at approximately $524,000.

Other hedge funds have also modified their holdings of the company. American Century Companies Inc. increased its holdings in CNO Financial Group by 10.2% in the third quarter. American Century Companies Inc. now owns 1,350,120 shares of the financial services provider’s stock valued at $32,038,000 after buying an additional 125,047 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of CNO Financial Group by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,226,375 shares of the financial services provider’s stock worth $62,116,000 after purchasing an additional 76,514 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of CNO Financial Group by 97.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 587,569 shares of the financial services provider’s stock worth $16,393,000 after purchasing an additional 290,585 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of CNO Financial Group during the fourth quarter worth about $1,250,000. Finally, Calamos Advisors LLC purchased a new position in shares of CNO Financial Group during the fourth quarter worth about $1,063,000. 95.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Yvonne K. Franzese sold 7,214 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $27.43, for a total value of $197,880.02. Following the sale, the executive vice president now directly owns 46,632 shares in the company, valued at $1,279,115.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CNO Financial Group news, insider Karen Detoro sold 1,307 shares of CNO Financial Group stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $26.94, for a total value of $35,210.58. Following the transaction, the insider now owns 75,049 shares in the company, valued at approximately $2,021,820.06. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Yvonne K. Franzese sold 7,214 shares of CNO Financial Group stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $27.43, for a total transaction of $197,880.02. Following the completion of the transaction, the executive vice president now owns 46,632 shares in the company, valued at approximately $1,279,115.76. The disclosure for this sale can be found here. Insiders have sold 99,712 shares of company stock worth $2,758,595 over the last ninety days. 3.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CNO. Evercore ISI raised their price objective on CNO Financial Group from $26.00 to $27.00 and gave the stock an “underperform” rating in a report on Wednesday, February 28th. Piper Sandler raised CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 price objective on the stock in a report on Tuesday, April 16th. Finally, StockNews.com lowered CNO Financial Group from a “buy” rating to a “hold” rating in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, CNO Financial Group has an average rating of “Hold” and an average target price of $27.50.

CNO Financial Group Stock Up 0.5 %

Shares of NYSE CNO opened at $27.56 on Monday. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 8.03 and a beta of 1.05. CNO Financial Group, Inc. has a 52 week low of $22.06 and a 52 week high of $29.09. The firm has a 50-day moving average price of $27.43 and a 200 day moving average price of $27.17. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.41.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Monday, April 29th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.12). CNO Financial Group had a net margin of 9.07% and a return on equity of 16.77%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $935.76 million. During the same period last year, the business posted $0.51 earnings per share. The company’s quarterly revenue was up 15.0% on a year-over-year basis. Equities research analysts anticipate that CNO Financial Group, Inc. will post 3.08 EPS for the current fiscal year.

CNO Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be given a $0.16 dividend. The ex-dividend date is Monday, June 10th. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a dividend yield of 2.32%. CNO Financial Group’s dividend payout ratio is currently 18.66%.

CNO Financial Group Company 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.