12,485 Shares in CNO Financial Group, Inc. (NYSE:CNO) Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new stake in CNO Financial Group, Inc. (NYSE:CNO) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,485 shares of the financial services provider’s stock, valued at approximately $438,000.

A number of other hedge funds have also modified their holdings of CNO. CWM LLC boosted its holdings in shares of CNO Financial Group by 64.1% in the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 447 shares during the last quarter. Quarry LP increased its stake in CNO Financial Group by 123.2% during the 2nd 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 period. EntryPoint Capital LLC purchased a new stake in CNO Financial Group during the 1st quarter worth $52,000. Blue Trust Inc. increased its stake in CNO Financial Group by 25.4% during the 2nd 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 period. Finally, GAMMA Investing LLC increased its stake in CNO Financial Group by 141.8% during the 3rd 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 period. 95.43% of the stock is owned by hedge funds and other institutional investors.

CNO Financial Group Trading Down 0.3 %

Shares of NYSE:CNO opened at $38.83 on Thursday. The company has a 50 day moving average of $35.79 and a 200-day moving average of $32.01. The firm has a market cap of $4.01 billion, a P/E ratio of 15.66 and a beta of 1.01. CNO Financial Group, Inc. has a twelve month low of $24.92 and a twelve month high of $40.29. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50.

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

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Tuesday, December 10th. CNO Financial Group’s payout ratio is 25.81%.

Wall Street Analysts Forecast Growth

CNO has been the topic of several analyst reports. Evercore ISI lifted their price target on shares of CNO Financial Group from $27.00 to $29.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 31st. Piper Sandler lifted their price target on shares of CNO Financial Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada boosted their target price on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $34.50.

Insider Buying and Selling

In related news, insider Jeanne L. Linnenbringer sold 5,364 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $34.88, for a total value of $187,096.32. Following the completion of the sale, the insider now owns 44,884 shares in the company, valued at approximately $1,565,553.92. This represents a 10.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeremy David Williams sold 4,783 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $40.09, for a total transaction of $191,750.47. Following the completion of the sale, the insider now owns 62,121 shares of the company’s stock, valued at approximately $2,490,430.89. This trade represents a 7.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,560 shares of company stock worth $720,550. Corporate insiders own 3.21% of the company’s stock.

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.