Choreo LLC Takes $379,000 Position in CNO Financial Group, Inc. (NYSE:CNO)

Choreo LLC bought a new position in CNO Financial Group, Inc. (NYSE:CNO) during the second quarter, according to its most recent filing with the SEC. The firm bought 13,674 shares of the financial services provider’s stock, valued at approximately $379,000.

Several other hedge funds have also bought and sold shares of the business. CWM LLC increased its position in shares of 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 acquiring an additional 447 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of CNO Financial Group in the first quarter worth approximately $52,000. Blue Trust Inc. lifted its holdings in shares of CNO Financial Group by 25.4% in the second quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 483 shares in the last quarter. Covestor Ltd boosted its position in shares of CNO Financial Group by 18.9% during the first quarter. Covestor Ltd now owns 3,598 shares of the financial services provider’s stock valued at $99,000 after buying an additional 571 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in CNO Financial Group by 183.5% during the second quarter. Fifth Third Bancorp now owns 4,170 shares of the financial services provider’s stock worth $116,000 after buying an additional 2,699 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on CNO. Piper Sandler restated an “overweight” rating and set a $37.00 price objective on shares of CNO Financial Group in a research note on Friday. Keefe, Bruyette & Woods boosted their price target on shares of CNO Financial Group from $30.00 to $31.00 and gave the stock a “market perform” rating in a report on Monday, July 8th. Royal Bank of Canada upped 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. Finally, Evercore ISI upped their price objective on CNO Financial Group from $27.00 to $29.00 and gave the company an “underperform” rating in a research note on Wednesday, July 31st. One equities research 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $33.75.

Insider Buying and Selling at CNO Financial Group

In other news, insider Jeanne L. Linnenbringer sold 5,364 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $34.88, for a total transaction of $187,096.32. Following the completion of the transaction, the insider now owns 44,884 shares of the company’s stock, valued at $1,565,553.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CNO Financial Group news, insider Jeanne L. Linnenbringer sold 5,364 shares of CNO Financial Group stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 of the company’s stock, valued at $1,565,553.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeanne L. Linnenbringer sold 5,435 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 37,663 shares of the company’s stock, valued at approximately $1,290,334.38. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

CNO Financial Group Trading Up 2.7 %

Shares of CNO Financial Group stock opened at $33.95 on Tuesday. The stock’s 50-day simple moving average is $32.12 and its 200 day simple moving average is $28.96. CNO Financial Group, Inc. has a 52-week low of $22.27 and a 52-week high of $35.45. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a market capitalization of $3.68 billion, a P/E ratio of 9.90 and a beta of 1.01.

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

CNO Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 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 1.89%. The ex-dividend date of this dividend is Tuesday, September 10th. CNO Financial Group’s payout ratio is presently 18.66%.

CNO Financial Group 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.