Squarepoint Ops LLC Boosts Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Squarepoint Ops LLC boosted its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 346.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 197,648 shares of the financial services provider’s stock after acquiring an additional 153,424 shares during the quarter. Squarepoint Ops LLC owned 0.18% of CNO Financial Group worth $5,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new stake in CNO Financial Group in the 2nd quarter worth approximately $89,000. Interval Partners LP purchased a new stake in CNO Financial Group during the 2nd quarter valued at about $2,360,000. Huber Capital Management LLC increased its position in shares of CNO Financial Group by 3.5% during the second quarter. Huber Capital Management LLC now owns 209,306 shares of the financial services provider’s stock valued at $5,802,000 after acquiring an additional 7,116 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of CNO Financial Group by 255.0% in the second quarter. Thrivent Financial for Lutherans now owns 97,336 shares of the financial services provider’s stock worth $2,698,000 after purchasing an additional 69,921 shares during the last quarter. Finally, Sei Investments Co. raised its position in CNO Financial Group by 12.2% in the 2nd quarter. Sei Investments Co. now owns 133,955 shares of the financial services provider’s stock worth $3,713,000 after buying an additional 14,591 shares during the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

CNO Financial Group Price Performance

NYSE:CNO opened at $34.26 on Monday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.19 and a quick ratio of 0.19. The business has a 50 day simple moving average of $33.11 and a 200-day simple moving average of $29.47. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 9.99 and a beta of 1.01. CNO Financial Group, Inc. has a 1 year low of $22.27 and a 1 year high of $35.63.

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

CNO Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.64 annualized dividend and a yield of 1.87%. CNO Financial Group’s payout ratio is currently 18.66%.

Analysts Set New Price Targets

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

Insider Activity

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

CNO Financial Group 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.