GAMMA Investing LLC Purchases 572 Shares of CNO Financial Group, Inc. (NYSE:CNO)

GAMMA Investing LLC raised its position in CNO Financial Group, Inc. (NYSE:CNO) by 25.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,861 shares of the financial services provider’s stock after purchasing an additional 572 shares during the period. GAMMA Investing LLC’s holdings in CNO Financial Group were worth $119,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CNO. Jones Financial Companies Lllp boosted its holdings in CNO Financial Group by 368.2% in the 4th 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 period. Smartleaf Asset Management LLC lifted its holdings in shares of CNO Financial Group by 95.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 417 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of CNO Financial Group by 89.7% during the 1st quarter. UMB Bank n.a. now owns 1,009 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 477 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of CNO Financial Group by 148.6% during the 1st quarter. Versant Capital Management Inc now owns 1,099 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 657 shares during the last quarter. Finally, Headlands Technologies LLC lifted its holdings in shares of CNO Financial Group by 193.2% during the 4th quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 881 shares during the last quarter. 95.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

CNO Financial Group Stock Performance

NYSE CNO opened at $38.27 on Friday. CNO Financial Group, Inc. has a 52-week low of $27.72 and a 52-week high of $43.20. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.18 and a current ratio of 0.18. The company has a market capitalization of $3.79 billion, a P/E ratio of 13.38 and a beta of 0.87. The company has a fifty day moving average of $37.94 and a 200-day moving average of $38.80.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Monday, April 28th. The financial services provider reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $975.80 million. CNO Financial Group had a net margin of 7.11% and a return on equity of 17.86%. The firm’s revenue was down 13.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 EPS. As a group, equities research analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Tuesday, June 10th. This is a boost from CNO Financial Group’s previous quarterly dividend of $0.16. CNO Financial Group’s dividend payout ratio (DPR) is presently 23.78%.

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.