Lighthouse Investment Partners LLC Grows Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Lighthouse Investment Partners LLC lifted its stake in CNO Financial Group, Inc. (NYSE:CNO) by 126.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 152,762 shares of the financial services provider’s stock after acquiring an additional 85,375 shares during the period. Lighthouse Investment Partners LLC’s holdings in CNO Financial Group were worth $4,235,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC raised its position in shares of CNO Financial Group by 64.1% in the 2nd 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. EntryPoint Capital LLC purchased a new position in shares of CNO Financial Group in the 1st quarter valued at approximately $52,000. Blue Trust Inc. raised its position in shares of 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 valued at $66,000 after purchasing an additional 483 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of CNO Financial Group in the 2nd quarter valued at approximately $89,000. Finally, Covestor Ltd raised its position in shares of CNO Financial Group by 18.9% in the 1st quarter. Covestor Ltd now owns 3,598 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 571 shares during the last quarter. 95.43% of the stock is owned by hedge funds and other institutional investors.

CNO Financial Group Price Performance

Shares of NYSE CNO opened at $34.25 on Friday. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 9.99 and a beta of 1.01. CNO Financial Group, Inc. has a 12 month low of $22.27 and a 12 month high of $35.63. The firm’s 50 day simple moving average is $33.11 and its 200-day simple moving average is $29.43. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.19 and a quick ratio of 0.19.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Monday, July 29th. The financial services provider reported $1.05 EPS 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 analysts’ expectations of $929.99 million. CNO Financial Group had a net margin of 9.96% and a return on equity of 18.30%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $0.54 EPS. Analysts expect that CNO Financial Group, Inc. will post 3.43 EPS for the current year.

CNO Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were paid a $0.16 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.87%. CNO Financial Group’s dividend payout ratio is currently 18.66%.

Insider Activity at CNO Financial Group

In related 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 value of $186,203.10. Following the sale, the insider now owns 37,663 shares of the company’s stock, valued at approximately $1,290,334.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Jeanne L. Linnenbringer sold 5,435 shares of the company’s 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 sale, the insider now owns 37,663 shares of the company’s stock, valued at $1,290,334.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeanne L. Linnenbringer sold 5,364 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $34.88, for a total transaction of $187,096.32. Following the sale, the insider now directly owns 44,884 shares of the company’s stock, valued at approximately $1,565,553.92. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of CNO Financial Group from $30.00 to $31.00 and gave the company a “market perform” rating in a research report on Monday, July 8th. Royal Bank of Canada raised their price target on shares of CNO Financial Group from $30.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Piper Sandler reissued an “overweight” rating and set a $37.00 price target on shares of CNO Financial Group in a research report on Friday, September 13th. Finally, Evercore ISI raised their price target on shares of CNO Financial Group from $27.00 to $29.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $33.75.

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.