Intech Investment Management LLC Boosts Position in CNO Financial Group, Inc. (NYSE:CNO)

Intech Investment Management LLC grew its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 52.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,621 shares of the financial services provider’s stock after acquiring an additional 8,815 shares during the period. Intech Investment Management LLC’s holdings in CNO Financial Group were worth $899,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CWM LLC boosted its holdings in CNO Financial Group by 64.1% in the second 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 during the last quarter. Quarry LP lifted its holdings in shares of CNO Financial Group by 123.2% in the 2nd quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock valued at $47,000 after buying an additional 935 shares during the period. GAMMA Investing LLC boosted its stake in shares of CNO Financial Group by 141.8% in the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock worth $70,000 after buying an additional 1,164 shares during the last quarter. Blue Trust Inc. grew its holdings in CNO Financial Group by 25.4% during the second 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 during the period. Finally, Point72 DIFC Ltd purchased a new position in CNO Financial Group during the second quarter valued at approximately $89,000. Institutional investors and hedge funds own 95.43% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on CNO shares. Piper Sandler upped their price objective on CNO Financial Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada increased their price target on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $34.50.

Insiders Place Their Bets

In related news, CIO Eric R. Johnson sold 3,978 shares of the business’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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jeanne L. Linnenbringer sold 5,435 shares of the company’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. This represents a 12.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 19,560 shares of company stock worth $720,550. Corporate insiders own 3.00% of the company’s stock.

CNO Financial Group Trading Down 0.8 %

Shares of CNO stock opened at $40.16 on Friday. CNO Financial Group, Inc. has a 1-year low of $24.92 and a 1-year high of $40.91. The company has a market cap of $4.14 billion, a price-to-earnings ratio of 16.19 and a beta of 1.01. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. The stock has a 50 day simple moving average of $36.42 and a 200-day simple moving average of $32.44.

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

CNO Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Tuesday, December 10th. CNO Financial Group’s payout ratio is 25.81%.

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.