Dynamic Technology Lab Private Ltd Acquires Shares of 6,479 CNO Financial Group, Inc. (NYSE:CNO)

Dynamic Technology Lab Private Ltd purchased a new position in CNO Financial Group, Inc. (NYSE:CNO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,479 shares of the financial services provider’s stock, valued at approximately $227,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CNO. American Century Companies Inc. raised its holdings in CNO Financial Group by 19.4% during the 2nd quarter. American Century Companies Inc. now owns 2,117,416 shares of the financial services provider’s stock valued at $58,695,000 after acquiring an additional 343,819 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of CNO Financial Group by 300.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,199,040 shares of the financial services provider’s stock valued at $42,086,000 after purchasing an additional 899,990 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of CNO Financial Group by 455.1% in the second quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider’s stock worth $21,546,000 after buying an additional 637,254 shares during the period. Allspring Global Investments Holdings LLC lifted its position in CNO Financial Group by 97.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 622,348 shares of the financial services provider’s stock valued at $17,251,000 after purchasing an additional 306,751 shares during the last quarter. Finally, Easterly Investment Partners LLC grew its holdings in CNO Financial Group by 3.8% in the 3rd quarter. Easterly Investment Partners LLC now owns 609,624 shares of the financial services provider’s stock worth $21,398,000 after acquiring an additional 22,453 shares during the last quarter. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CNO Financial Group

In related news, CIO Eric R. Johnson sold 3,978 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $39.09, for a total value of $155,500.02. Following the completion of the transaction, the executive now directly owns 631,844 shares in the company, valued at $24,698,781.96. The trade was a 0.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 value of $191,750.47. Following the completion of the transaction, the insider now directly owns 62,121 shares in the company, valued at $2,490,430.89. This trade represents a 7.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,196 shares of company stock valued at $533,454 in the last ninety days. 3.00% of the stock is currently owned by corporate insiders.

CNO Financial Group Stock Down 1.3 %

Shares of NYSE:CNO opened at $39.40 on Tuesday. The firm has a market capitalization of $4.07 billion, a P/E ratio of 15.89 and a beta of 1.01. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a 50 day moving average price of $36.60 and a 200-day moving average price of $32.64. CNO Financial Group, Inc. has a 52-week low of $24.92 and a 52-week high of $40.91.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.82 by $0.29. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $945.44 million. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The company’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. As a group, equities research analysts anticipate that CNO Financial Group, Inc. will post 3.73 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.16 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.62%. CNO Financial Group’s payout ratio is 25.81%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CNO shares. Royal Bank of Canada upped their price target on CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Piper Sandler upped their target price on CNO Financial Group from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.50.

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.