Trexquant Investment LP Boosts Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Trexquant Investment LP increased its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 13.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 139,333 shares of the financial services provider’s stock after acquiring an additional 16,962 shares during the period. Trexquant Investment LP’s holdings in CNO Financial Group were worth $5,185,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CNO. Jones Financial Companies Lllp lifted its stake in CNO Financial Group by 368.2% in the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 626 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of CNO Financial Group by 95.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 417 shares during the last quarter. Principal Securities Inc. boosted its holdings in CNO Financial Group by 51.6% during the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 325 shares during the period. Headlands Technologies LLC grew its position in CNO Financial Group by 193.2% during the 4th quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 881 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new position in CNO Financial Group in the 4th quarter worth approximately $54,000. Institutional investors own 95.43% of the company’s stock.

Analysts Set New Price Targets

CNO has been the subject of a number of analyst reports. BMO Capital Markets began coverage on CNO Financial Group in a research note on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price objective for the company. Keefe, Bruyette & Woods increased their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. Jefferies Financial Group boosted their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Royal Bank of Canada increased their target price on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Finally, Piper Sandler boosted their price target on CNO Financial Group from $46.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $41.00.

Insiders Place Their Bets

In other CNO Financial Group news, insider Scott L. Goldberg sold 25,500 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $40.11, for a total value of $1,022,805.00. Following the sale, the insider now owns 169,342 shares in the company, valued at approximately $6,792,307.62. This represents a 13.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeremy David Williams sold 3,393 shares of CNO Financial Group stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $41.77, for a total transaction of $141,725.61. Following the transaction, the insider now owns 56,599 shares of the company’s stock, valued at $2,364,140.23. The trade was a 5.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 159,512 shares of company stock worth $6,497,710. 3.00% of the stock is owned by corporate insiders.

CNO Financial Group Trading Down 6.9 %

NYSE:CNO opened at $36.83 on Friday. The company has a 50-day moving average price of $40.61 and a 200-day moving average price of $38.29. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 9.85 and a beta of 0.90. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61. CNO Financial Group, Inc. has a 12 month low of $24.92 and a 12 month high of $43.20.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. Equities analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.74%. CNO Financial Group’s dividend payout ratio is presently 17.11%.

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.