Denali Advisors LLC Has $769,000 Position in CNO Financial Group, Inc. (NYSE:CNO)

Denali Advisors LLC increased its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 87.9% during the 1st quarter, HoldingsChannel reports. The firm owned 28,000 shares of the financial services provider’s stock after purchasing an additional 13,100 shares during the period. Denali Advisors LLC’s holdings in CNO Financial Group were worth $769,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CNO. Daiwa Securities Group Inc. acquired a new stake in shares of CNO Financial Group in the 4th quarter valued at about $50,000. Assetmark Inc. grew its holdings in shares of CNO Financial Group by 33.4% during the fourth quarter. Assetmark Inc. now owns 5,557 shares of the financial services provider’s stock worth $155,000 after buying an additional 1,391 shares in the last quarter. Versor Investments LP acquired a new stake in CNO Financial Group in the 4th quarter valued at approximately $269,000. AlphaMark Advisors LLC bought a new stake in CNO Financial Group in the 1st quarter valued at approximately $300,000. Finally, Everhart Financial Group Inc. lifted its stake in CNO Financial Group by 8.8% in the 4th quarter. Everhart Financial Group Inc. now owns 11,874 shares of the financial services provider’s stock valued at $331,000 after acquiring an additional 963 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CNO Financial Group

In related news, insider Yvonne K. Franzese sold 15,021 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $28.25, for a total value of $424,343.25. Following the completion of the sale, the insider now directly owns 31,611 shares in the company, valued at approximately $893,010.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Karen Detoro sold 2,778 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $27.10, for a total transaction of $75,283.80. Following the transaction, the insider now directly owns 69,605 shares of the company’s stock, valued at approximately $1,886,295.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Yvonne K. Franzese sold 15,021 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $28.25, for a total value of $424,343.25. Following the completion of the sale, the insider now owns 31,611 shares in the company, valued at approximately $893,010.75. The disclosure for this sale can be found here. Insiders have sold 37,199 shares of company stock worth $1,051,145 in the last ninety days. Insiders own 3.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CNO. Piper Sandler raised their price target on shares of CNO Financial Group from $29.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, June 28th. StockNews.com downgraded shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. One equities research 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $28.00.

CNO Financial Group Stock Down 0.9 %

CNO stock opened at $27.89 on Thursday. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 8.13 and a beta of 1.04. CNO Financial Group, Inc. has a twelve month low of $22.27 and a twelve month high of $29.09. The business has a 50 day moving average price of $27.72 and a two-hundred day moving average price of $27.23. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.41.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Monday, April 29th. The financial services provider reported $0.52 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.12). The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $935.76 million. CNO Financial Group had a net margin of 9.07% and a return on equity of 16.77%. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS. Analysts anticipate that CNO Financial Group, Inc. will post 3.08 EPS for the current fiscal year.

CNO Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date was Monday, June 10th. This is an increase from CNO Financial Group’s previous quarterly dividend of $0.15. CNO Financial Group’s dividend payout ratio (DPR) is 18.66%.

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.