Cwm LLC Buys 606 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Cwm LLC boosted its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 53.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,750 shares of the financial services provider’s stock after acquiring an additional 606 shares during the quarter. Cwm LLC’s holdings in CNO Financial Group were worth $61,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CNO. Victory Capital Management Inc. boosted its stake in shares of CNO Financial Group by 455.1% in the 2nd quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider’s stock valued at $21,546,000 after purchasing an additional 637,254 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of CNO Financial Group by 19.4% in the 2nd quarter. American Century Companies Inc. now owns 2,117,416 shares of the financial services provider’s stock valued at $58,695,000 after purchasing an additional 343,819 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of CNO Financial Group by 97.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 622,348 shares of the financial services provider’s stock valued at $17,251,000 after purchasing an additional 306,751 shares during the last quarter. Denali Advisors LLC boosted its stake in shares of CNO Financial Group by 725.0% in the 2nd quarter. Denali Advisors LLC now owns 231,000 shares of the financial services provider’s stock valued at $6,403,000 after purchasing an additional 203,000 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its stake in shares of CNO Financial Group by 346.9% in the 2nd quarter. Squarepoint Ops LLC now owns 197,648 shares of the financial services provider’s stock valued at $5,479,000 after purchasing an additional 153,424 shares during the last quarter. Institutional investors own 95.43% of the company’s stock.

CNO Financial Group Price Performance

NYSE CNO opened at $34.27 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. CNO Financial Group, Inc. has a 12-month low of $22.27 and a 12-month high of $36.65. The company has a market capitalization of $3.71 billion, a PE ratio of 9.99 and a beta of 1.01. The firm’s 50 day moving average is $34.35 and its 200-day moving average is $30.61.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Monday, July 29th. The financial services provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.33. The business had revenue of $1.07 billion for 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 in the previous year, the company earned $0.54 earnings per share. Equities research analysts anticipate that CNO Financial Group, Inc. will post 3.43 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors 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 dividend on an annualized basis and a yield of 1.87%. CNO Financial Group’s payout ratio is 18.66%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CNO shares. 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. Evercore ISI lifted their price objective 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. Piper Sandler lifted 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. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of CNO Financial Group from $30.00 to $31.00 and gave the stock a “market perform” rating in a research note on Monday, July 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $34.00.

Insider Buying and Selling

In other CNO Financial Group news, insider Jeanne L. Linnenbringer sold 5,435 shares of CNO Financial Group stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $34.26, for a total transaction of $186,203.10. Following the completion of the transaction, the insider now directly owns 37,663 shares of the company’s stock, valued at $1,290,334.38. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Jeanne L. Linnenbringer sold 5,364 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 44,884 shares of the company’s stock, valued at approximately $1,565,553.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 value of $186,203.10. Following the completion of the transaction, the insider now directly owns 37,663 shares of the company’s stock, valued at approximately $1,290,334.38. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

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.