Point72 Asia Singapore Pte. Ltd. Increases Stock Position in CNO Financial Group, Inc. (NYSE:CNO)

Point72 Asia Singapore Pte. Ltd. increased its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 72.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,817 shares of the financial services provider’s stock after buying an additional 4,538 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in CNO Financial Group were worth $380,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. CWM LLC raised its position in shares of CNO Financial Group by 64.1% in the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 447 shares in the last quarter. Quarry LP lifted its position in shares of CNO Financial Group by 123.2% during the second quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock valued at $47,000 after buying an additional 935 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of 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 valued at $70,000 after buying an additional 1,164 shares in the last quarter. Blue Trust Inc. grew 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 worth $66,000 after buying an additional 483 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new position in shares of CNO Financial Group during the 2nd quarter worth approximately $89,000. Institutional investors own 95.43% of the company’s stock.

CNO Financial Group Trading Down 1.3 %

Shares of CNO Financial Group stock opened at $39.40 on Tuesday. CNO Financial Group, Inc. has a 12-month low of $24.92 and a 12-month high of $40.91. The firm’s 50 day simple moving average is $36.60 and its two-hundred day simple moving average is $32.64. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 15.89 and a beta of 1.01.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.29. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $945.44 million. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The firm’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter last year, the business posted $0.88 EPS. Analysts predict that CNO Financial Group, Inc. will post 3.73 EPS for the current year.

CNO Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Tuesday, December 10th. CNO Financial Group’s dividend payout ratio (DPR) is 25.81%.

Insider Activity at CNO Financial Group

In other news, insider Jeremy David Williams sold 4,783 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $40.09, for a total value of $191,750.47. Following the completion of the transaction, the insider now owns 62,121 shares of the company’s stock, valued at $2,490,430.89. The trade was a 7.15 % 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 5,435 shares of the company’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 completion of the sale, the insider now owns 37,663 shares in the company, valued at $1,290,334.38. The trade was a 12.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,196 shares of company stock worth $533,454 over the last quarter. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on CNO shares. Royal Bank of Canada raised their target price on shares of CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Piper Sandler raised their price objective on CNO Financial Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, CNO Financial Group presently has a consensus rating of “Hold” and a consensus target price of $34.50.

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.