Trexquant Investment LP Makes New Investment in CNO Financial Group, Inc. (NYSE:CNO)

Trexquant Investment LP acquired a new stake in shares of CNO Financial Group, Inc. (NYSE:CNOFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 44,805 shares of the financial services provider’s stock, valued at approximately $1,250,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Daiwa Securities Group Inc. bought a new position in shares of CNO Financial Group during the 4th quarter valued at approximately $50,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in CNO Financial Group by 23.2% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,438 shares of the financial services provider’s stock worth $105,000 after buying an additional 835 shares during the last quarter. Versor Investments LP purchased a new position in shares of CNO Financial Group during the 4th quarter worth about $269,000. Everhart Financial Group Inc. boosted its position in shares of CNO Financial Group by 8.8% during the fourth quarter. Everhart Financial Group Inc. now owns 11,874 shares of the financial services provider’s stock valued at $331,000 after buying an additional 963 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new position in CNO Financial Group during the 4th quarter valued at $408,000. 95.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CNO shares. Evercore ISI upped their target price on shares of CNO Financial Group from $26.00 to $27.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 28th. StockNews.com cut CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Royal Bank of Canada boosted their price target on CNO Financial Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Finally, Piper Sandler raised CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 price objective on the stock in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.50.

Read Our Latest Research Report on CNO

Insiders Place Their Bets

In related news, insider Michael E. Mead sold 7,690 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $28.30, for a total value of $217,627.00. Following the transaction, the insider now directly owns 41,535 shares of the company’s stock, valued at approximately $1,175,440.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Yvonne K. Franzese sold 7,214 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $27.43, for a total value of $197,880.02. Following the sale, the executive vice president now directly owns 46,632 shares of the company’s stock, valued at approximately $1,279,115.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael E. Mead sold 7,690 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $28.30, for a total transaction of $217,627.00. Following the completion of the sale, the insider now owns 41,535 shares in the company, valued at approximately $1,175,440.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 175,558 shares of company stock valued at $4,774,481. Insiders own 3.21% of the company’s stock.

CNO Financial Group Stock Performance

Shares of CNO opened at $28.06 on Wednesday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.41. The firm has a market cap of $3.04 billion, a PE ratio of 8.18 and a beta of 1.03. CNO Financial Group, Inc. has a 12 month low of $21.52 and a 12 month high of $29.09. The stock has a fifty day moving average price of $27.15 and a 200-day moving average price of $26.97.

CNO Financial Group (NYSE:CNOGet Free Report) last issued its quarterly earnings results on Monday, April 29th. The financial services provider reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.12). The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $935.76 million. CNO Financial Group had a return on equity of 16.77% and a net margin of 9.07%. CNO Financial Group’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 EPS. Equities research analysts predict that CNO Financial Group, Inc. will post 3.08 earnings per share for the current fiscal year.

CNO Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.16 per share. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.64 dividend on an annualized basis and a yield of 2.28%. CNO Financial Group’s dividend payout ratio is presently 17.49%.

CNO Financial Group Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for CNO Financial Group (NYSE:CNO)

Receive News & Ratings for CNO Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNO Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.