Quantbot Technologies LP bought a new position in shares of CNO Financial Group, Inc. (NYSE:CNO – Free Report) during the first quarter, HoldingsChannel.com reports. The firm bought 32,383 shares of the financial services provider’s stock, valued at approximately $890,000.
Several other large investors also recently bought and sold shares of CNO. Meritage Portfolio Management grew its stake in CNO Financial Group by 2.1% in the 4th quarter. Meritage Portfolio Management now owns 17,920 shares of the financial services provider’s stock valued at $500,000 after acquiring an additional 377 shares during the last quarter. Uncommon Cents Investing LLC lifted its holdings in shares of CNO Financial Group by 3.6% in the first quarter. Uncommon Cents Investing LLC now owns 17,505 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 615 shares in the last quarter. Amalgamated Bank grew its position in shares of CNO Financial Group by 1.0% in the fourth quarter. Amalgamated Bank now owns 65,021 shares of the financial services provider’s stock valued at $1,814,000 after purchasing an additional 651 shares during the last quarter. Everhart Financial Group Inc. increased its stake in shares of CNO Financial Group by 8.8% during the 4th quarter. Everhart Financial Group Inc. now owns 11,874 shares of the financial services provider’s stock worth $331,000 after purchasing an additional 963 shares in the last quarter. Finally, Assetmark Inc. raised its position in shares of CNO Financial Group by 33.4% during the 4th quarter. Assetmark Inc. now owns 5,557 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 1,391 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.
CNO Financial Group Stock Up 0.7 %
Shares of NYSE:CNO opened at $29.08 on Monday. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 8.48 and a beta of 1.04. The company has a 50 day moving average of $27.93 and a two-hundred day moving average of $27.25. CNO Financial Group, Inc. has a 52-week low of $22.27 and a 52-week high of $29.28. 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 Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 10th were issued a $0.16 dividend. The ex-dividend date of this dividend was Monday, June 10th. This is a boost from CNO Financial Group’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 2.20%. CNO Financial Group’s dividend payout ratio is currently 18.66%.
Insiders Place Their Bets
In other news, CMO Rocco F. Tarasi III sold 3,197 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $28.00, for a total transaction of $89,516.00. Following the transaction, the chief marketing officer now owns 84,880 shares of the company’s stock, valued at $2,376,640. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CMO Rocco F. Tarasi III sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $28.50, for a total transaction of $99,750.00. Following the completion of the transaction, the chief marketing officer now directly owns 81,380 shares in the company, valued at $2,319,330. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Rocco F. Tarasi III sold 3,197 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $28.00, for a total value of $89,516.00. Following the completion of the sale, the chief marketing officer now owns 84,880 shares in the company, valued at $2,376,640. The disclosure for this sale can be found here. Insiders sold a total of 34,421 shares of company stock valued at $975,861 in the last ninety days. Corporate insiders own 3.00% of the company’s stock.
Analyst Upgrades and Downgrades
CNO has been the topic of a number of analyst reports. StockNews.com cut CNO Financial Group from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Piper Sandler increased their target price on CNO Financial Group from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, June 28th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of CNO Financial Group from $30.00 to $31.00 and gave the company a “market perform” rating in a report on Monday, July 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $28.60.
Read Our Latest Analysis on CNO Financial Group
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.
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