Campbell & CO Investment Adviser LLC Raises Stake in CNO Financial Group, Inc. $CNO

Campbell & CO Investment Adviser LLC grew its stake in CNO Financial Group, Inc. (NYSE:CNO) by 31.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,826 shares of the financial services provider’s stock after acquiring an additional 5,434 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in CNO Financial Group were worth $881,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CNO. Allianz Asset Management GmbH increased its position in CNO Financial Group by 70.9% during the second quarter. Allianz Asset Management GmbH now owns 1,546,745 shares of the financial services provider’s stock worth $59,673,000 after purchasing an additional 641,950 shares during the last quarter. Nuveen LLC purchased a new stake in shares of CNO Financial Group in the 1st quarter valued at approximately $24,071,000. Allspring Global Investments Holdings LLC increased its holdings in shares of CNO Financial Group by 72.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,333,698 shares of the financial services provider’s stock worth $51,641,000 after buying an additional 561,327 shares during the last quarter. American Century Companies Inc. raised its position in shares of CNO Financial Group by 9.3% during the 1st quarter. American Century Companies Inc. now owns 2,938,034 shares of the financial services provider’s stock valued at $122,369,000 after buying an additional 250,173 shares during the period. Finally, Hennessy Advisors Inc. purchased a new stake in shares of CNO Financial Group during the 2nd quarter valued at approximately $8,140,000. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Insider Transactions at CNO Financial Group

In other CNO Financial Group news, CIO Eric R. Johnson sold 48,665 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $41.24, for a total transaction of $2,006,944.60. Following the sale, the executive directly owned 671,542 shares in the company, valued at $27,694,392.08. This represents a 6.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is currently owned by company insiders.

CNO Financial Group Trading Down 0.6%

Shares of NYSE CNO opened at $41.37 on Friday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $3.94 billion, a PE ratio of 15.27 and a beta of 0.94. CNO Financial Group, Inc. has a twelve month low of $34.63 and a twelve month high of $43.20. The stock has a fifty day simple moving average of $39.79 and a 200-day simple moving average of $38.51.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Friday, May 19th. The financial services provider reported $0.84 EPS for the quarter. The company had revenue of $968.30 million during the quarter. CNO Financial Group had a return on equity of 16.63% and a net margin of 6.41%. On average, equities analysts forecast that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 10th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 10th. CNO Financial Group’s dividend payout ratio is presently 23.78%.

Analysts Set New Price Targets

Several brokerages recently weighed in on CNO. Wall Street Zen upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Keefe, Bruyette & Woods increased their price target on CNO Financial Group from $44.00 to $45.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of CNO Financial Group in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.60.

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.