CNO Financial Group, Inc. (NYSE:CNO) Holdings Raised by Denali Advisors LLC

Denali Advisors LLC lifted its stake in CNO Financial Group, Inc. (NYSE:CNO) by 87.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,000 shares of the financial services provider’s stock after purchasing an additional 13,100 shares during the quarter. Denali Advisors LLC’s holdings in CNO Financial Group were worth $769,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its holdings in shares of CNO Financial Group by 1,862.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 315,597 shares of the financial services provider’s stock worth $8,673,000 after buying an additional 299,516 shares during the period. AlphaMark Advisors LLC purchased a new position in CNO Financial Group during the 1st quarter worth approximately $300,000. Quadrature Capital Ltd purchased a new position in CNO Financial Group during the 4th quarter worth approximately $524,000. Congress Asset Management Co. MA raised its stake in CNO Financial Group by 43.7% during the 4th quarter. Congress Asset Management Co. MA now owns 157,126 shares of the financial services provider’s stock valued at $4,384,000 after purchasing an additional 47,762 shares during the period. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in shares of CNO Financial Group by 44.5% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 26,037 shares of the financial services provider’s stock valued at $726,000 after purchasing an additional 8,018 shares in the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Insider Activity at CNO Financial Group

In related news, insider Karen Detoro sold 2,778 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $27.10, for a total transaction of $75,283.80. Following the transaction, the insider now owns 69,605 shares of the company’s stock, valued at $1,886,295.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other CNO Financial Group news, insider Karen Detoro sold 2,778 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $27.10, for a total transaction of $75,283.80. Following the transaction, the insider now directly owns 69,605 shares in the company, valued at $1,886,295.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Yvonne K. Franzese sold 15,021 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $28.25, for a total value of $424,343.25. Following the completion of the sale, the insider now directly owns 31,611 shares of the company’s stock, valued at approximately $893,010.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,199 shares of company stock valued at $1,051,145. 3.21% of the stock is owned by corporate insiders.

CNO Financial Group Trading Down 0.9 %

Shares of NYSE:CNO opened at $27.89 on Thursday. The firm has a fifty day moving average of $27.72 and a two-hundred day moving average of $27.23. 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, Inc. has a 12-month low of $22.27 and a 12-month high of $29.09. The firm has a market capitalization of $3.02 billion, a P/E ratio of 8.13 and a beta of 1.04.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data 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 firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $935.76 million. During the same period in the previous year, the business posted $0.51 EPS. CNO Financial Group’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, equities analysts expect that CNO Financial Group, Inc. will post 3.08 EPS for the current fiscal year.

CNO Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.29%. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.15. The ex-dividend date was Monday, June 10th. CNO Financial Group’s payout ratio is currently 18.66%.

Analysts Set New Price Targets

CNO has been the topic of a number of research analyst reports. Piper Sandler lifted their price target on CNO Financial Group from $29.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, June 28th. StockNews.com cut CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.00.

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.