Tidal Investments LLC Boosts Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Tidal Investments LLC lifted its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 11.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 11,246 shares of the financial services provider’s stock after purchasing an additional 1,145 shares during the period. Tidal Investments LLC’s holdings in CNO Financial Group were worth $395,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CNO. Assenagon Asset Management S.A. raised its stake 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 worth $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 2nd 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 in the last quarter. American Century Companies Inc. lifted 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 last quarter. Allspring Global Investments Holdings LLC boosted its position in CNO Financial Group by 97.2% during the second 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 in the last quarter. Finally, FMR LLC grew its stake in CNO Financial Group by 28.8% in the third quarter. FMR LLC now owns 1,040,619 shares of the financial services provider’s stock valued at $36,526,000 after purchasing an additional 232,631 shares during the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Insider Activity

In related news, CIO Eric R. Johnson sold 3,978 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $39.09, for a total value of $155,500.02. Following the sale, the executive now owns 631,844 shares in the company, valued at $24,698,781.96. This represents a 0.63 % decrease in their ownership of the stock. The sale 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 the firm’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 of the company’s stock, valued at $2,490,430.89. This represents a 7.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,745 shares of company stock valued at $572,467. Company insiders own 3.00% of the company’s stock.

CNO Financial Group Stock Up 0.5 %

CNO stock opened at $36.97 on Tuesday. The stock has a market capitalization of $3.82 billion, a PE ratio of 14.91 and a beta of 1.02. CNO Financial Group, Inc. has a 52 week low of $24.92 and a 52 week high of $40.91. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. The firm has a 50 day moving average of $37.70 and a 200 day moving average of $33.72.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $0.82 by $0.29. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 19.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 earnings per share. Sell-side analysts forecast that CNO Financial Group, Inc. will post 3.73 earnings per share for the current year.

CNO Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.16 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.64 annualized dividend and a yield of 1.73%. CNO Financial Group’s payout ratio is presently 25.81%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Piper Sandler raised their target price on shares of CNO Financial Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, 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 research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, CNO Financial Group presently has an average rating of “Hold” and a consensus target price of $37.00.

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.