Versor Investments LP Decreases Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Versor Investments LP reduced its position in CNO Financial Group, Inc. (NYSE:CNO) by 64.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,019 shares of the financial services provider’s stock after selling 16,500 shares during the quarter. Versor Investments LP’s holdings in CNO Financial Group were worth $336,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Principal Securities Inc. boosted its position in shares of CNO Financial Group by 51.6% in the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 325 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in CNO Financial Group in the fourth quarter worth about $54,000. GAMMA Investing LLC grew its stake in shares of CNO Financial Group by 15.3% during the fourth quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider’s stock worth $85,000 after acquiring an additional 304 shares during the last quarter. KBC Group NV increased its holdings in shares of CNO Financial Group by 26.7% during the third quarter. KBC Group NV now owns 3,349 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 706 shares in the last quarter. Finally, Connable Office Inc. acquired a new position in shares of CNO Financial Group during the third quarter valued at about $207,000. 95.43% of the stock is owned by institutional investors and hedge funds.

CNO Financial Group Trading Up 1.0 %

NYSE CNO opened at $41.68 on Monday. CNO Financial Group, Inc. has a 1 year low of $24.92 and a 1 year high of $42.02. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. The company has a market capitalization of $4.20 billion, a PE ratio of 11.14 and a beta of 1.04. The company has a fifty day moving average of $39.11 and a 200 day moving average of $37.09.

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

CNO Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.64 annualized dividend and a yield of 1.54%. CNO Financial Group’s dividend payout ratio is presently 17.11%.

Insider Transactions at CNO Financial Group

In related news, CMO Rocco F. Tarasi III sold 1,484 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $38.02, for a total transaction of $56,421.68. Following the sale, the chief marketing officer now directly owns 79,896 shares of the company’s stock, valued at approximately $3,037,645.92. This represents a 1.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of CNO Financial Group stock in a transaction on Friday, February 21st. The shares were sold at an average price of $40.10, for a total transaction of $1,636,080.00. Following the completion of the transaction, the general counsel now directly owns 204,143 shares of the company’s stock, valued at $8,186,134.30. The trade was a 16.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 87,584 shares of company stock valued at $3,554,089 in the last 90 days. 3.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on CNO shares. Keefe, Bruyette & Woods boosted their target price on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock 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 report on Tuesday, December 10th. BMO Capital Markets assumed coverage on CNO Financial Group in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 target price on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $46.00 price target (up previously from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. Finally, Royal Bank of Canada increased their price objective on CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, CNO Financial Group has a consensus rating of “Hold” and a consensus target price of $40.50.

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.