EP Wealth Advisors LLC Purchases New Shares in CNO Financial Group, Inc. (NYSE:CNO)

EP Wealth Advisors LLC acquired a new position in CNO Financial Group, Inc. (NYSE:CNO) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,896 shares of the financial services provider’s stock, valued at approximately $418,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CWM LLC increased its position in shares of CNO Financial Group by 64.1% during the second quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock valued at $32,000 after buying an additional 447 shares during the period. Blue Trust Inc. raised its position in shares of CNO Financial Group by 25.4% in the 2nd quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 483 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of CNO Financial Group by 35.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 34,714 shares of the financial services provider’s stock valued at $962,000 after purchasing an additional 9,100 shares during the period. Fifth Third Bancorp boosted its position in shares of CNO Financial Group by 183.5% during the second quarter. Fifth Third Bancorp now owns 4,170 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 2,699 shares in the last quarter. Finally, Everhart Financial Group Inc. grew its stake in CNO Financial Group by 9.5% in the second quarter. Everhart Financial Group Inc. now owns 15,481 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 1,337 shares during the period. 95.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CNO Financial Group

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

CNO Financial Group Trading Down 0.3 %

NYSE CNO opened at $38.12 on Friday. CNO Financial Group, Inc. has a 12 month low of $24.92 and a 12 month high of $40.91. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. The stock’s fifty day moving average price is $37.35 and its 200-day moving average price is $33.22. The stock has a market cap of $3.93 billion, a P/E ratio of 15.37 and a beta of 1.02.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.82 by $0.29. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $945.44 million. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. CNO Financial Group’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 EPS. As a group, equities analysts forecast that CNO Financial Group, Inc. will post 3.73 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Tuesday, December 10th. CNO Financial Group’s dividend payout ratio (DPR) is currently 25.81%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Jefferies Financial Group raised their price objective on CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a research report on Tuesday. Royal Bank of Canada lifted their price target on shares of CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, Piper Sandler boosted their price objective 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, CNO Financial Group presently has a consensus rating of “Hold” and an average price target of $35.80.

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.