XTX Topco Ltd Buys 19,484 Shares of CNO Financial Group, Inc. (NYSE:CNO)

XTX Topco Ltd lifted its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 179.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,328 shares of the financial services provider’s stock after buying an additional 19,484 shares during the period. XTX Topco Ltd’s holdings in CNO Financial Group were worth $841,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in CNO Financial Group in the 2nd quarter worth about $852,000. Trexquant Investment LP acquired a new position in shares of CNO Financial Group in the 4th quarter valued at $1,250,000. State Board of Administration of Florida Retirement System increased its holdings in shares of CNO Financial Group by 30.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 105,374 shares of the financial services provider’s stock valued at $2,896,000 after purchasing an additional 24,844 shares during the period. DekaBank Deutsche Girozentrale lifted its position in CNO Financial Group by 680.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 34,584 shares of the financial services provider’s stock valued at $949,000 after purchasing an additional 30,150 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of CNO Financial Group during the 1st quarter valued at about $890,000. Institutional investors own 95.43% of the company’s stock.

CNO Financial Group Stock Performance

Shares of CNO stock opened at $35.35 on Monday. The company has a 50 day moving average price of $32.64 and a 200 day moving average price of $29.19. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 10.31 and a beta of 1.01. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.19 and a current ratio of 0.19. CNO Financial Group, Inc. has a one year low of $22.27 and a one year high of $35.56.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Monday, July 29th. The financial services provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.33. CNO Financial Group had a return on equity of 18.30% and a net margin of 9.96%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $929.99 million. During the same period in the prior year, the firm earned $0.54 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. Sell-side analysts anticipate that CNO Financial Group, Inc. will post 3.43 EPS for the current year.

CNO Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Tuesday, September 10th. CNO Financial Group’s payout ratio is 18.66%.

Insider Buying and Selling at CNO Financial Group

In other news, insider Jeanne L. Linnenbringer sold 5,435 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $34.26, for a total transaction of $186,203.10. Following the completion of the transaction, the insider now directly owns 37,663 shares of the company’s stock, valued at approximately $1,290,334.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Jeanne L. Linnenbringer sold 5,435 shares of CNO Financial Group stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $34.26, for a total value of $186,203.10. Following the completion of the sale, the insider now directly owns 37,663 shares of the company’s stock, valued at approximately $1,290,334.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $187,096.32. Following the transaction, the insider now directly owns 44,884 shares in the company, valued at approximately $1,565,553.92. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CNO shares. Evercore ISI boosted their price objective on CNO Financial Group from $27.00 to $29.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods increased their target price on shares of CNO Financial Group from $30.00 to $31.00 and gave the stock a “market perform” rating in a research note on Monday, July 8th. Piper Sandler reissued an “overweight” rating and set a $37.00 target price on shares of CNO Financial Group in a research note on Friday, September 13th. Finally, Royal Bank of Canada lifted their target price on CNO Financial Group from $30.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $33.75.

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.