CNO Financial Group, Inc. (NYSE:CNO) is Easterly Investment Partners LLC’s 6th Largest Position

Easterly Investment Partners LLC raised its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 609,624 shares of the financial services provider’s stock after acquiring an additional 22,453 shares during the quarter. CNO Financial Group comprises approximately 1.7% of Easterly Investment Partners LLC’s portfolio, making the stock its 6th biggest holding. Easterly Investment Partners LLC owned approximately 0.58% of CNO Financial Group worth $21,398,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CNO. American Century Companies Inc. increased its holdings in shares of CNO Financial Group by 19.4% in 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. Assenagon Asset Management S.A. lifted its stake in shares of CNO Financial Group by 300.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,199,040 shares of the financial services provider’s stock valued at $42,086,000 after acquiring an additional 899,990 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in 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 valued at $21,546,000 after acquiring an additional 637,254 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in 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 valued at $17,251,000 after acquiring an additional 306,751 shares during the period. Finally, Federated Hermes Inc. increased its stake in CNO Financial Group by 1.4% in the 2nd quarter. Federated Hermes Inc. now owns 471,925 shares of the financial services provider’s stock worth $13,082,000 after purchasing an additional 6,356 shares during the period. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on CNO. Evercore ISI lifted their target price 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 lifted their target price 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. Finally, Royal Bank of Canada lifted their price target on CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $34.50.

Insider Buying and Selling at CNO Financial Group

In other news, insider Jeanne L. Linnenbringer sold 5,435 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $1,290,334.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $186,203.10. Following the completion of the sale, the insider now directly owns 37,663 shares of the company’s stock, valued at $1,290,334.38. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeanne L. Linnenbringer sold 5,364 shares of the business’s stock in a transaction 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 completion of the sale, the insider now owns 44,884 shares in the company, valued at $1,565,553.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.21% of the stock is currently owned by corporate insiders.

CNO Financial Group Stock Up 1.1 %

CNO stock traded up $0.44 on Friday, reaching $38.96. 82,868 shares of the company traded hands, compared to its average volume of 741,117. The firm has a fifty day simple moving average of $34.81 and a 200-day simple moving average of $31.20. The company has a market cap of $4.12 billion, a P/E ratio of 15.52 and a beta of 1.01. CNO Financial Group, Inc. has a one year low of $24.14 and a one year high of $39.81. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19.

CNO Financial Group (NYSE:CNO) last released its earnings results on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.29. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $945.44 million. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The company’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 earnings per share. Research analysts anticipate that CNO Financial Group, Inc. will post 3.53 earnings per share for the current year.

About CNO Financial Group

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.