CNO Financial Group, Inc. (NYSE:CNO) Stake Boosted by Easterly Investment Partners LLC

Easterly Investment Partners LLC boosted its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 609,624 shares of the financial services provider’s stock after acquiring an additional 22,453 shares during the period. CNO Financial Group comprises about 1.7% of Easterly Investment Partners LLC’s portfolio, making the stock its 6th largest position. Easterly Investment Partners LLC’s holdings in CNO Financial Group were worth $21,398,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC increased its position in shares of CNO Financial Group by 64.1% during the second quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 447 shares in the last quarter. Quarry LP boosted its holdings in CNO Financial Group by 123.2% in the second quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 935 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of CNO Financial Group during the first quarter worth about $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. Finally, GAMMA Investing LLC boosted its stake in CNO Financial Group by 141.8% in 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 in the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

CNO Financial Group Trading Up 1.1 %

CNO Financial Group stock traded up $0.44 during midday trading on Friday, hitting $38.96. 82,868 shares of the stock were exchanged, compared to its average volume of 741,117. The stock’s 50-day simple moving average is $34.81 and its 200 day simple moving average is $31.20. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 15.52 and a beta of 1.01. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. CNO Financial Group, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $39.81.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.29. The firm 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 firm’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 EPS. On average, equities analysts anticipate that CNO Financial Group, Inc. will post 3.53 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CNO shares. Evercore ISI lifted their price objective 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 objective on CNO Financial Group from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada lifted their target price on CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $34.50.

Insiders Place Their Bets

In other CNO Financial Group news, insider Jeanne L. Linnenbringer sold 5,435 shares of the 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 of the company’s stock, valued at approximately $1,290,334.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 value of $186,203.10. Following the completion of the transaction, the insider now owns 37,663 shares in the company, valued at approximately $1,290,334.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jeanne L. Linnenbringer sold 5,364 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $34.88, for a total transaction of $187,096.32. Following the completion of the sale, the insider now directly owns 44,884 shares of the company’s stock, valued at approximately $1,565,553.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.21% of the stock is owned by company insiders.

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.