Trexquant Investment LP Has $5.19 Million Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Trexquant Investment LP boosted its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 13.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 139,333 shares of the financial services provider’s stock after acquiring an additional 16,962 shares during the quarter. Trexquant Investment LP owned 0.14% of CNO Financial Group worth $5,185,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CNO. American Century Companies Inc. lifted its holdings in shares of CNO Financial Group by 11.7% in the fourth quarter. American Century Companies Inc. now owns 2,687,861 shares of the financial services provider’s stock valued at $100,015,000 after purchasing an additional 282,611 shares in the last quarter. Principal Financial Group Inc. lifted its stake in CNO Financial Group by 6.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider’s stock valued at $66,676,000 after acquiring an additional 107,589 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in CNO Financial Group by 41.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,274,370 shares of the financial services provider’s stock worth $47,419,000 after acquiring an additional 372,701 shares during the last quarter. FMR LLC grew its stake in shares of CNO Financial Group by 28.8% in the 3rd quarter. FMR LLC now owns 1,040,619 shares of the financial services provider’s stock worth $36,526,000 after acquiring an additional 232,631 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of CNO Financial Group by 1.3% in the 4th quarter. Allianz Asset Management GmbH now owns 848,407 shares of the financial services provider’s stock worth $31,569,000 after acquiring an additional 10,846 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.

Insiders Place Their Bets

In other news, insider Scott L. Goldberg sold 25,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $40.02, for a total value of $1,020,510.00. Following the completion of the transaction, the insider now directly owns 169,342 shares in the company, valued at approximately $6,777,066.84. This trade represents a 13.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $40.10, for a total transaction of $1,636,080.00. Following the sale, the general counsel now directly owns 204,143 shares in the company, valued at $8,186,134.30. This trade represents a 16.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 159,512 shares of company stock worth $6,497,710 in the last quarter. 3.00% of the stock is owned by company insiders.

CNO Financial Group Trading Down 6.9 %

Shares of CNO Financial Group stock opened at $36.83 on Friday. The stock has a market capitalization of $3.69 billion, a P/E ratio of 9.85 and a beta of 0.90. CNO Financial Group, Inc. has a 52-week low of $24.92 and a 52-week high of $43.20. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. The stock’s 50-day simple moving average is $40.61 and its 200 day simple moving average is $38.29.

CNO Financial Group (NYSE:CNO) last released 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%. As a group, research analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.74%. CNO Financial Group’s dividend payout ratio (DPR) is 17.11%.

Analyst Ratings Changes

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

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.