Quantinno Capital Management LP Acquires 3,537 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Quantinno Capital Management LP lifted its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 2.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 149,690 shares of the financial services provider’s stock after purchasing an additional 3,537 shares during the period. Quantinno Capital Management LP owned about 0.15% of CNO Financial Group worth $5,254,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its position in shares of CNO Financial Group by 300.9% during the third quarter. Assenagon Asset Management S.A. now owns 1,199,040 shares of the financial services provider’s stock valued at $42,086,000 after buying an additional 899,990 shares during the last quarter. Victory Capital Management Inc. boosted its stake in CNO Financial Group by 455.1% in the second quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider’s stock valued at $21,546,000 after acquiring an additional 637,254 shares in the last quarter. American Century Companies Inc. grew its holdings in CNO Financial Group by 19.4% in the second quarter. American Century Companies Inc. now owns 2,117,416 shares of the financial services provider’s stock worth $58,695,000 after purchasing an additional 343,819 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of CNO Financial Group by 97.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 622,348 shares of the financial services provider’s stock worth $17,251,000 after purchasing an additional 306,751 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of CNO Financial Group by 28.8% during the 3rd quarter. FMR LLC now owns 1,040,619 shares of the financial services provider’s stock valued at $36,526,000 after purchasing an additional 232,631 shares during the last quarter. 95.43% of the stock is currently owned by institutional investors.

Insider Activity at CNO Financial Group

In related news, insider Jeremy David Williams sold 4,783 shares of CNO Financial Group stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $40.09, for a total transaction of $191,750.47. Following the completion of the transaction, the insider now directly owns 62,121 shares in the company, valued at approximately $2,490,430.89. This trade represents a 7.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CIO Eric R. Johnson sold 3,978 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $39.09, for a total value of $155,500.02. Following the completion of the sale, the executive now owns 631,844 shares in the company, valued at approximately $24,698,781.96. This represents a 0.63 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

CNO Financial Group Stock Performance

Shares of CNO opened at $38.97 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a 50-day moving average of $37.07 and a two-hundred day moving average of $32.98. The stock has a market cap of $4.02 billion, a P/E ratio of 15.71 and a beta of 1.02. CNO Financial Group, Inc. has a one year low of $24.92 and a one year high of $40.91.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.29. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $945.44 million. During the same quarter in the prior year, the firm earned $0.88 earnings per share. CNO Financial Group’s revenue for the quarter was up 19.2% on a year-over-year basis. As a group, research analysts predict that CNO Financial Group, Inc. will post 3.73 EPS for the current year.

CNO Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be issued a dividend of $0.16 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.64%. CNO Financial Group’s dividend payout ratio (DPR) is presently 25.81%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Piper Sandler upped their target price on CNO Financial Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada upped their price objective on shares of 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, CNO Financial Group currently has a consensus rating of “Hold” and an average target price of $34.50.

CNO Financial Group Company 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.