Quantbot Technologies LP Takes Position in CNO Financial Group, Inc. (NYSE:CNO)

Quantbot Technologies LP bought a new position in shares of CNO Financial Group, Inc. (NYSE:CNO) 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 (NYSE:CNO) last released its quarterly earnings results on Monday, April 29th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.12). The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $935.76 million. CNO Financial Group had a return on equity of 16.77% and a net margin of 9.07%. The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the firm earned $0.51 EPS. As a group, analysts forecast that CNO Financial Group, Inc. will post 3.06 earnings per share for the current fiscal year.

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.

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.