GSA Capital Partners LLP Makes New $438,000 Investment in CNO Financial Group, Inc. (NYSE:CNO)

GSA Capital Partners LLP bought a new position in CNO Financial Group, Inc. (NYSE:CNO) in the third quarter, HoldingsChannel reports. The fund bought 12,485 shares of the financial services provider’s stock, valued at approximately $438,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC lifted its position in CNO Financial Group by 64.1% in the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock worth $32,000 after buying an additional 447 shares in the last quarter. Quarry LP lifted its position in CNO Financial Group by 123.2% in 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 in the last quarter. EntryPoint Capital LLC purchased a new stake in CNO Financial Group in the 1st quarter worth approximately $52,000. Blue Trust Inc. lifted its position 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, GAMMA Investing LLC increased its stake in shares of CNO Financial Group by 141.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 1,164 shares during the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Evercore ISI increased 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 note on Wednesday, July 31st. Piper Sandler increased their price target on shares of CNO Financial Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada increased their price target on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. One 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 stock currently has a consensus rating of “Hold” and an average target price of $34.50.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, CIO Eric R. Johnson sold 3,978 shares of the firm’s stock in a transaction 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 sale, the executive now directly owns 631,844 shares in the company, valued at $24,698,781.96. This trade represents a 0.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeremy David Williams sold 4,783 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now owns 62,121 shares in the company, 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. In the last three months, insiders have sold 19,560 shares of company stock worth $720,550. 3.21% of the stock is owned by insiders.

CNO Financial Group Stock Performance

NYSE:CNO opened at $38.83 on Thursday. CNO Financial Group, Inc. has a 1 year low of $24.92 and a 1 year high of $40.29. The firm’s fifty day simple moving average is $35.79 and its 200 day simple moving average is $32.01. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $4.01 billion, a PE ratio of 15.66 and a beta of 1.01.

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

CNO Financial Group Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.65%. CNO Financial Group’s payout ratio is presently 25.81%.

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.