Cerity Partners LLC Raises Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Cerity Partners LLC increased its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 53.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,040 shares of the financial services provider’s stock after acquiring an additional 4,178 shares during the period. Cerity Partners LLC’s holdings in CNO Financial Group were worth $423,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CNO. American Century Companies Inc. grew its stake in shares of CNO Financial Group by 19.4% during the 2nd quarter. American Century Companies Inc. now owns 2,117,416 shares of the financial services provider’s stock worth $58,695,000 after purchasing an additional 343,819 shares during the period. Assenagon Asset Management S.A. increased its holdings in CNO Financial Group by 300.9% in the third quarter. Assenagon Asset Management S.A. now owns 1,199,040 shares of the financial services provider’s stock valued at $42,086,000 after buying an additional 899,990 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of CNO Financial Group by 455.1% in the second quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider’s stock worth $21,546,000 after acquiring an additional 637,254 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of CNO Financial Group by 97.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 622,348 shares of the financial services provider’s stock worth $17,251,000 after acquiring an additional 306,751 shares in the last quarter. Finally, Easterly Investment Partners LLC grew its position in shares of CNO Financial Group by 3.8% during the 3rd quarter. Easterly Investment Partners LLC now owns 609,624 shares of the financial services provider’s stock valued at $21,398,000 after acquiring an additional 22,453 shares during the period. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

CNO Financial Group Stock Down 0.9 %

CNO opened at $38.97 on Monday. The company has a market cap of $4.02 billion, a PE ratio of 15.71 and a beta of 1.02. CNO Financial Group, Inc. has a twelve month low of $24.92 and a twelve month high of $40.91. The company has a 50-day moving average price of $37.07 and a 200 day moving average price of $33.01. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50.

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

CNO Financial Group Announces Dividend

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 paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.64%. The ex-dividend date is Tuesday, December 10th. CNO Financial Group’s dividend payout ratio is currently 25.81%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Royal Bank of Canada upped their price target on CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Piper Sandler upped their target price 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, CNO Financial Group has an average rating of “Hold” and an average target price of $34.50.

Insider Buying and Selling at CNO Financial Group

In other news, insider Jeremy David Williams sold 4,783 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $40.09, for a total transaction of $191,750.47. Following the transaction, the insider now directly owns 62,121 shares in the company, valued at $2,490,430.89. The trade was a 7.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CIO Eric R. Johnson sold 3,978 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $39.09, for a total value of $155,500.02. Following the completion of the sale, the executive now directly owns 631,844 shares of the company’s stock, valued at approximately $24,698,781.96. This represents a 0.63 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

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.