6,400 Shares in CNO Financial Group, Inc. (NYSE:CNO) Acquired by MQS Management LLC

MQS Management LLC purchased a new position in CNO Financial Group, Inc. (NYSE:CNO) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,400 shares of the financial services provider’s stock, valued at approximately $225,000.

A number of other institutional investors also recently added to or reduced their stakes in CNO. Assenagon Asset Management S.A. lifted 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 acquiring an additional 899,990 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of CNO Financial Group by 455.1% during the 2nd quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider’s stock worth $21,546,000 after buying an additional 637,254 shares during the last quarter. American Century Companies Inc. lifted its position 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 buying an additional 343,819 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position 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 buying an additional 306,751 shares during the last quarter. Finally, Denali Advisors LLC lifted its position in shares of CNO Financial Group by 725.0% during the 2nd quarter. Denali Advisors LLC now owns 231,000 shares of the financial services provider’s stock worth $6,403,000 after buying an additional 203,000 shares during the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jeanne L. Linnenbringer sold 5,435 shares of the business’s 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 completion of the transaction, the insider now directly owns 37,663 shares of the company’s stock, valued at $1,290,334.38. The trade was a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jeremy David Williams sold 4,783 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $40.09, for a total value of $191,750.47. Following the completion of the transaction, the insider now directly owns 62,121 shares of the company’s stock, valued at approximately $2,490,430.89. This trade represents a 7.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,582 shares of company stock worth $565,050. Insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CNO. Evercore ISI boosted their price objective on shares of CNO Financial Group from $27.00 to $29.00 and gave the company an “underperform” rating in a research note on Wednesday, July 31st. Royal Bank of Canada boosted their price objective on shares of CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, Piper Sandler boosted their price objective on shares of CNO Financial Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $34.50.

CNO Financial Group Price Performance

Shares of NYSE CNO opened at $38.96 on Friday. The firm has a market capitalization of $4.02 billion, a P/E ratio of 15.71 and a beta of 1.01. CNO Financial Group, Inc. has a one year low of $24.92 and a one year high of $40.29. The company’s fifty day moving average is $35.40 and its two-hundred day moving average is $31.73. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19.

CNO Financial Group (NYSE:CNO) last issued its earnings results 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 company had revenue of $1.13 billion for the quarter, compared to analyst estimates 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 was up 19.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 EPS. Analysts forecast that CNO Financial Group, Inc. will post 3.63 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be issued 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 1.64%. CNO Financial Group’s dividend payout ratio (DPR) is currently 25.81%.

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.