Robeco Institutional Asset Management B.V. Boosts Position in CNO Financial Group, Inc. (NYSE:CNO)

Robeco Institutional Asset Management B.V. increased its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 42.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,471 shares of the financial services provider’s stock after purchasing an additional 2,507 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in CNO Financial Group were worth $353,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Mariner LLC lifted its stake in CNO Financial Group by 6.7% during the fourth quarter. Mariner LLC now owns 6,116 shares of the financial services provider’s stock worth $228,000 after purchasing an additional 385 shares during the last quarter. HighTower Advisors LLC lifted its stake in CNO Financial Group by 5.3% during the fourth quarter. HighTower Advisors LLC now owns 7,873 shares of the financial services provider’s stock worth $293,000 after purchasing an additional 394 shares during the last quarter. Corient Private Wealth LLC lifted its stake in CNO Financial Group by 2.6% during the fourth quarter. Corient Private Wealth LLC now owns 15,634 shares of the financial services provider’s stock worth $582,000 after purchasing an additional 400 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake 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 worth $32,000 after purchasing an additional 417 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in CNO Financial Group by 10.4% in the first quarter. Blue Trust Inc. now owns 4,804 shares of the financial services provider’s stock valued at $200,000 after buying an additional 451 shares during the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler boosted their price objective on CNO Financial Group from $46.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $41.00.

CNO Financial Group Trading Down 2.2%

NYSE:CNO opened at $37.86 on Thursday. The firm has a market cap of $3.75 billion, a P/E ratio of 13.24 and a beta of 0.87. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.59. The stock’s 50 day simple moving average is $37.99 and its 200-day simple moving average is $38.77. CNO Financial Group, Inc. has a 12-month low of $27.60 and a 12-month high of $43.20.

CNO Financial Group (NYSE:CNO) last released its earnings results on Monday, April 28th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.79. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $975.80 million. CNO Financial Group had a return on equity of 17.86% and a net margin of 7.11%. The company’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 earnings per share. Equities analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Tuesday, June 10th. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.16. CNO Financial Group’s dividend payout ratio is currently 23.78%.

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.