GAMMA Investing LLC Acquires 1,164 Shares of CNO Financial Group, Inc. (NYSE:CNO)

GAMMA Investing LLC increased its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 141.8% during the third quarter, Holdings Channel reports. The fund owned 1,985 shares of the financial services provider’s stock after acquiring an additional 1,164 shares during the quarter. GAMMA Investing LLC’s holdings in CNO Financial Group were worth $70,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. CWM LLC increased its holdings in shares of 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 boosted its holdings 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 worth $47,000 after buying an additional 935 shares during the period. EntryPoint Capital LLC acquired a new position in CNO Financial Group in the 1st quarter valued at about $52,000. Blue Trust Inc. grew 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 valued at $66,000 after buying an additional 483 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new position in CNO Financial Group in the 2nd quarter valued at about $89,000. Institutional investors and hedge funds own 95.43% of the company’s stock.

CNO Financial Group Price Performance

CNO Financial Group stock opened at $35.80 on Wednesday. The firm has a market cap of $3.88 billion, a PE ratio of 10.44 and a beta of 1.01. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.19 and a quick ratio of 0.19. The stock’s fifty day moving average price is $33.78 and its two-hundred day moving average price is $30.12. CNO Financial Group, Inc. has a one year low of $22.27 and a one year high of $36.34.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Monday, July 29th. The financial services provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.33. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $929.99 million. CNO Financial Group had a return on equity of 18.30% and a net margin of 9.96%. CNO Financial Group’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 earnings per share. As a group, research analysts expect that CNO Financial Group, Inc. will post 3.43 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The company also recently disclosed 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 1.79%. CNO Financial Group’s dividend payout ratio (DPR) is 18.66%.

Insider Buying and Selling at CNO Financial Group

In other news, insider Jeanne L. Linnenbringer sold 5,435 shares of CNO Financial Group stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $34.26, for a total value of $186,203.10. Following the transaction, the insider now owns 37,663 shares in the company, valued at approximately $1,290,334.38. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Jeanne L. Linnenbringer sold 5,435 shares of the firm’s stock in a transaction that occurred 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 directly owns 37,663 shares in the company, valued at approximately $1,290,334.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeanne L. Linnenbringer sold 5,364 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 44,884 shares of the company’s stock, valued at approximately $1,565,553.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CNO shares. Piper Sandler boosted their price objective on CNO Financial Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Evercore ISI upped their price objective on CNO Financial Group from $27.00 to $29.00 and gave the company an “underperform” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods lifted their target price on CNO Financial Group from $30.00 to $31.00 and gave the stock a “market perform” rating in a report on Monday, July 8th. Finally, Royal Bank of Canada upped their price target on shares of CNO Financial Group from $30.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, CNO Financial Group presently has a consensus rating of “Hold” and an average price target of $34.00.

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.