CNO Financial Group, Inc. (NYSE:CNO) is Easterly Investment Partners LLC’s 7th Largest Position

Easterly Investment Partners LLC lessened its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 13.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 528,512 shares of the financial services provider’s stock after selling 81,112 shares during the period. CNO Financial Group makes up about 1.5% of Easterly Investment Partners LLC’s portfolio, making the stock its 7th biggest position. Easterly Investment Partners LLC owned approximately 0.51% of CNO Financial Group worth $19,666,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp boosted its holdings in CNO Financial Group by 368.2% in the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 626 shares during the last quarter. Smartleaf Asset Management LLC raised its position in CNO Financial Group by 95.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 417 shares in the last quarter. Principal Securities Inc. lifted its holdings in CNO Financial Group by 51.6% in the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 325 shares during the period. Sound Income Strategies LLC purchased a new stake in CNO Financial Group in the 4th quarter worth approximately $54,000. Finally, GAMMA Investing LLC boosted its position in CNO Financial Group by 15.3% in the 4th quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 304 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.

Analyst Ratings Changes

CNO has been the subject of a number of recent analyst reports. Jefferies Financial Group lifted 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 initiated coverage on CNO Financial Group in a report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price target for the company. Keefe, Bruyette & Woods raised their price objective on CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. Royal Bank of Canada upped their target price on CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Finally, Piper Sandler reiterated an “overweight” rating and set a $46.00 target price (up previously from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $40.50.

CNO Financial Group Stock Up 0.2 %

Shares of CNO Financial Group stock opened at $42.34 on Thursday. CNO Financial Group, Inc. has a 52-week low of $24.92 and a 52-week high of $43.20. The company has a 50 day moving average of $40.32 and a 200 day moving average of $37.93. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $4.25 billion, a P/E ratio of 11.32 and a beta of 1.02.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.31 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%. As a group, research analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders 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 1.51%. CNO Financial Group’s payout ratio is currently 17.11%.

Insider Transactions at CNO Financial Group

In related news, insider Scott L. Goldberg sold 25,500 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $40.11, for a total transaction of $1,022,805.00. Following the transaction, the insider now owns 169,342 shares of the company’s stock, valued at $6,792,307.62. This trade represents a 13.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Yvonne K. Franzese sold 2,097 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $42.56, for a total value of $89,248.32. Following the sale, the insider now directly owns 30,321 shares of the company’s stock, valued at approximately $1,290,461.76. This represents a 6.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 142,806 shares of company stock worth $5,802,013. 3.21% of the stock is currently owned by insiders.

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.