Seven Eight Capital LP Takes $905,000 Position in CNO Financial Group, Inc. (NYSE:CNO)

Seven Eight Capital LP acquired a new position in shares of CNO Financial Group, Inc. (NYSE:CNO) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 32,653 shares of the financial services provider’s stock, valued at approximately $905,000.

Other hedge funds have also made changes to their positions in the company. CWM LLC raised its holdings in shares of CNO Financial Group by 64.1% in the second quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 447 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of CNO Financial Group in the 1st quarter worth approximately $52,000. Blue Trust Inc. boosted its stake in shares of CNO Financial Group by 25.4% during the second quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 483 shares in the last quarter. Covestor Ltd increased its holdings in CNO Financial Group by 18.9% during the first quarter. Covestor Ltd now owns 3,598 shares of the financial services provider’s stock valued at $99,000 after buying an additional 571 shares during the period. Finally, Fifth Third Bancorp raised its stake in CNO Financial Group by 183.5% in the second quarter. Fifth Third Bancorp now owns 4,170 shares of the financial services provider’s stock worth $116,000 after buying an additional 2,699 shares in the last quarter. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, insider Jeanne L. Linnenbringer sold 5,364 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $34.88, for a total transaction of $187,096.32. Following the sale, the insider now owns 44,884 shares in the company, valued at approximately $1,565,553.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Jeanne L. Linnenbringer sold 5,364 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $34.88, for a total value of $187,096.32. Following the sale, the insider now directly owns 44,884 shares of the company’s stock, valued at approximately $1,565,553.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeanne L. Linnenbringer sold 5,435 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $34.26, for a total transaction of $186,203.10. Following the transaction, the insider now directly owns 37,663 shares of the company’s stock, valued at approximately $1,290,334.38. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

CNO Financial Group Trading Down 0.2 %

Shares of NYSE:CNO opened at $35.34 on Friday. The business’s 50-day moving average is $32.64 and its 200 day moving average is $29.16. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.19 and a quick ratio of 0.19. CNO Financial Group, Inc. has a 1 year low of $22.27 and a 1 year high of $35.56. The firm has a market capitalization of $3.83 billion, a P/E ratio of 10.30 and a beta of 1.01.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Monday, July 29th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.33. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $929.99 million. CNO Financial Group had a net margin of 9.96% and a return on equity of 18.30%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 earnings per share. On average, research analysts predict that CNO Financial Group, Inc. will post 3.43 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Tuesday, September 10th. CNO Financial Group’s dividend payout ratio (DPR) is presently 18.66%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Keefe, Bruyette & Woods increased their target price on CNO Financial Group from $30.00 to $31.00 and gave the company a “market perform” rating in a research report on Monday, July 8th. Piper Sandler reiterated an “overweight” rating and issued a $37.00 target price on shares of CNO Financial Group in a research note on Friday, September 13th. Royal Bank of Canada increased their price target on shares of CNO Financial Group from $30.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, Evercore ISI lifted their price objective on shares of CNO Financial Group from $27.00 to $29.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $33.75.

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.