GAMMA Investing LLC Purchases 1,164 Shares of CNO Financial Group, Inc. (NYSE:CNO)

GAMMA Investing LLC boosted its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 141.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,985 shares of the financial services provider’s stock after purchasing an additional 1,164 shares during the quarter. GAMMA Investing LLC’s holdings in CNO Financial Group were worth $70,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. CWM LLC grew its position in shares of CNO Financial Group by 64.1% during the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock worth $32,000 after buying an additional 447 shares during the period. Quarry LP increased its holdings in CNO Financial Group by 123.2% in the second quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 935 shares during the last quarter. EntryPoint Capital LLC acquired a new position in CNO Financial Group in the first quarter valued at about $52,000. Blue Trust Inc. boosted its holdings in CNO Financial Group by 25.4% during the second 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 last quarter. Finally, Point72 DIFC Ltd bought a new stake in shares of CNO Financial Group in the 2nd quarter valued at about $89,000. 95.43% of the stock is currently owned by institutional investors and hedge funds.

CNO Financial Group Stock Performance

CNO opened at $35.80 on Wednesday. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 10.44 and a beta of 1.01. The business’s 50-day moving average price is $33.78 and its two-hundred day moving average price is $30.12. CNO Financial Group, Inc. has a 1 year low of $22.27 and a 1 year high of $36.34. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.19 and a quick ratio of 0.19.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Monday, July 29th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $929.99 million. During the same quarter last year, the firm earned $0.54 EPS. CNO Financial Group’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts expect that CNO Financial Group, Inc. will post 3.43 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.79%. The ex-dividend date was Tuesday, September 10th. CNO Financial Group’s payout ratio is 18.66%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CNO. 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 report on Wednesday, July 31st. Keefe, Bruyette & Woods boosted their target price on CNO Financial Group from $30.00 to $31.00 and gave the company a “market perform” rating in a research note on Monday, July 8th. Piper Sandler raised their price target on CNO Financial Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada increased their target price on CNO Financial Group from $30.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, CNO Financial Group presently has an average rating of “Hold” and an average target price of $34.00.

Insider Activity at CNO Financial Group

In other news, insider Jeanne L. Linnenbringer sold 5,364 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were 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 directly owns 44,884 shares in the company, valued at $1,565,553.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Jeanne L. Linnenbringer sold 5,364 shares of the company’s 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 sale, the insider now owns 44,884 shares in the company, valued at $1,565,553.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeanne L. Linnenbringer sold 5,435 shares of the firm’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 transaction, the insider now directly owns 37,663 shares of the company’s stock, valued at $1,290,334.38. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

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.