Dynamic Technology Lab Private Ltd Invests $227,000 in CNO Financial Group, Inc. (NYSE:CNO)

Dynamic Technology Lab Private Ltd bought a new stake in shares of CNO Financial Group, Inc. (NYSE:CNO) in the 3rd quarter, Holdings Channel.com reports. The firm bought 6,479 shares of the financial services provider’s stock, valued at approximately $227,000.

Several other institutional investors have also added to or reduced their stakes in the business. CWM LLC lifted its holdings 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 valued at $32,000 after purchasing an additional 447 shares in the last quarter. Quarry LP lifted its stake in shares of CNO Financial Group by 123.2% during 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 in the last quarter. GAMMA Investing LLC boosted its holdings in CNO Financial Group by 141.8% in the 3rd 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 period. Blue Trust Inc. increased its stake in 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 buying an additional 483 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new stake in CNO Financial Group during the second quarter valued at about $89,000. 95.43% of the stock is currently owned by institutional investors.

CNO Financial Group Stock Performance

NYSE CNO opened at $39.40 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. CNO Financial Group, Inc. has a 1-year low of $24.92 and a 1-year high of $40.91. The business has a 50 day simple moving average of $36.60 and a two-hundred day simple moving average of $32.64. The stock has a market capitalization of $4.07 billion, a PE ratio of 15.89 and a beta of 1.01.

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

CNO Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders 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 1.62%. The ex-dividend date of this dividend is Tuesday, December 10th. CNO Financial Group’s dividend payout ratio is currently 25.81%.

Insider Buying and Selling at CNO Financial Group

In other CNO Financial Group news, 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 sale, the insider now directly owns 37,663 shares of the company’s stock, valued at $1,290,334.38. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeremy David Williams sold 4,783 shares of CNO Financial Group stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $40.09, for a total transaction of $191,750.47. Following the sale, the insider now directly owns 62,121 shares of the company’s stock, valued at $2,490,430.89. This represents a 7.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,196 shares of company stock worth $533,454 over the last quarter. Insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CNO shares. Royal Bank of Canada upped their price objective on CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Piper Sandler upped their price target on 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, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.