GAMMA Investing LLC Grows Holdings in CNO Financial Group, Inc. (NYSE:CNO)

GAMMA Investing LLC raised its position in CNO Financial Group, Inc. (NYSE:CNO) by 15.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,289 shares of the financial services provider’s stock after buying an additional 304 shares during the period. GAMMA Investing LLC’s holdings in CNO Financial Group were worth $85,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. increased its position in shares of CNO Financial Group by 19.4% during the second 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 last quarter. Principal Financial Group Inc. grew its stake in CNO Financial Group by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider’s stock valued at $66,676,000 after purchasing an additional 107,589 shares during the period. Assenagon Asset Management S.A. increased its position 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. FMR LLC raised its stake in shares of CNO Financial Group by 28.8% during the 3rd quarter. FMR LLC now owns 1,040,619 shares of the financial services provider’s stock worth $36,526,000 after purchasing an additional 232,631 shares during the period. Finally, Easterly Investment Partners LLC boosted its holdings in shares of 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 buying an additional 22,453 shares during the last quarter. Institutional investors own 95.43% of the company’s stock.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, CMO Rocco F. Tarasi III sold 1,484 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $38.02, for a total value of $56,421.68. Following the completion of the transaction, the chief marketing officer now directly owns 79,896 shares of the company’s stock, valued at $3,037,645.92. This trade represents a 1.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeremy David Williams sold 4,783 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $40.09, for a total transaction of $191,750.47. Following the completion of the transaction, the insider now directly owns 62,121 shares in the company, valued at approximately $2,490,430.89. The trade was a 7.15 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,745 shares of company stock worth $572,467. 3.00% of the stock is owned by company insiders.

CNO Financial Group Price Performance

Shares of NYSE:CNO opened at $36.03 on Friday. The firm has a market capitalization of $3.72 billion, a PE ratio of 14.53 and a beta of 1.04. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. The company has a 50-day moving average price of $38.21 and a two-hundred day moving average price of $34.64. CNO Financial Group, Inc. has a twelve month low of $24.92 and a twelve month high of $40.91.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $0.82 by $0.29. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $945.44 million. During the same period last year, the firm earned $0.88 EPS. CNO Financial Group’s revenue for the quarter was up 19.2% on a year-over-year basis. Equities analysts forecast that CNO Financial Group, Inc. will post 3.73 EPS for the current year.

CNO Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.78%. The ex-dividend date was Tuesday, December 10th. CNO Financial Group’s dividend payout ratio (DPR) is presently 25.81%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Royal Bank of Canada raised their price objective on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Jefferies Financial Group lifted their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Finally, Piper Sandler increased their price objective on CNO Financial Group from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, CNO Financial Group currently has a consensus rating of “Hold” and an average target price of $37.00.

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.