Versor Investments LP Purchases New Position in CNO Financial Group, Inc. (NYSE:CNO)

Versor Investments LP bought a new position in CNO Financial Group, Inc. (NYSE:CNO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,519 shares of the financial services provider’s stock, valued at approximately $896,000.

A number of other large investors have also modified their holdings of CNO. CWM LLC grew its holdings in CNO Financial Group by 64.1% during the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 447 shares in the last quarter. Quarry LP lifted its stake in shares of CNO Financial Group by 123.2% in the second quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 935 shares in the last quarter. EntryPoint Capital LLC purchased a new position in CNO Financial Group in the first quarter valued at about $52,000. Blue Trust Inc. grew its stake in CNO Financial Group by 25.4% during the 2nd 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. Finally, GAMMA Investing LLC increased its holdings in CNO Financial Group by 141.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 1,164 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.

Insider Buying and Selling

In related news, insider Jeanne L. Linnenbringer sold 5,364 shares of the firm’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 transaction of $187,096.32. Following the transaction, the insider now owns 44,884 shares of the company’s stock, valued at approximately $1,565,553.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other CNO Financial Group news, insider Jeremy David Williams sold 4,783 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $40.09, for a total value of $191,750.47. Following the sale, the insider now owns 62,121 shares of the company’s stock, valued at $2,490,430.89. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeanne L. Linnenbringer sold 5,364 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $34.88, for a total transaction of $187,096.32. Following the completion of the sale, the insider now owns 44,884 shares in the company, valued at approximately $1,565,553.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,582 shares of company stock valued at $565,050. 3.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Piper Sandler lifted their price target on shares of CNO Financial Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Evercore ISI increased 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 report on Wednesday, July 31st. Finally, Royal Bank of Canada boosted their price objective on CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, CNO Financial Group has a consensus rating of “Hold” and an average price target of $34.50.

CNO Financial Group Stock Performance

Shares of CNO opened at $39.56 on Wednesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. CNO Financial Group, Inc. has a 1 year low of $24.24 and a 1 year high of $40.29. The firm has a fifty day moving average of $35.09 and a 200-day moving average of $31.54. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 15.95 and a beta of 1.01.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.29. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $945.44 million. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The firm’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 EPS. As a group, equities analysts anticipate that CNO Financial Group, Inc. will post 3.63 earnings per share for the current year.

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.