XTX Topco Ltd Has $841,000 Holdings in CNO Financial Group, Inc. (NYSE:CNO)

XTX Topco Ltd raised its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 179.7% in the second quarter, HoldingsChannel.com reports. The firm owned 30,328 shares of the financial services provider’s stock after buying an additional 19,484 shares during the period. XTX Topco Ltd’s holdings in CNO Financial Group were worth $841,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

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

Insider Transactions at CNO Financial Group

In related news, insider Jeanne L. Linnenbringer sold 5,364 shares of the firm’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 directly owns 44,884 shares in the company, valued at approximately $1,565,553.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other CNO Financial Group news, insider Jeanne L. Linnenbringer sold 5,364 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 44,884 shares of the company’s stock, valued at approximately $1,565,553.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeanne L. Linnenbringer sold 5,435 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $34.26, for a total transaction of $186,203.10. Following the sale, 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. Company insiders own 3.00% of the company’s stock.

CNO Financial Group Trading Down 0.2 %

CNO opened at $35.35 on Monday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.66. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 10.31 and a beta of 1.01. CNO Financial Group, Inc. has a 52 week low of $22.27 and a 52 week high of $35.56. The business’s 50 day moving average is $32.64 and its two-hundred day moving average is $29.19.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Monday, July 29th. The financial services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.33. The firm had revenue of $1.07 billion during 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 firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $0.54 EPS. On average, research analysts predict that CNO Financial Group, Inc. will post 3.43 EPS for the current year.

CNO Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Tuesday, September 10th. CNO Financial Group’s payout ratio is currently 18.66%.

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.