2,222 Shares in CNO Financial Group, Inc. (NYSE:CNO) Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in CNO Financial Group, Inc. (NYSE:CNO) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,222 shares of the financial services provider’s stock, valued at approximately $92,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CNO. Jones Financial Companies Lllp grew its position 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 worth $30,000 after acquiring an additional 626 shares in the last quarter. Smartleaf Asset Management LLC grew its position in CNO Financial Group by 95.2% in the fourth 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 in the last quarter. UMB Bank n.a. grew its position in CNO Financial Group by 89.7% in the first 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 in the last quarter. Versant Capital Management Inc grew its position in CNO Financial Group by 148.6% in the first 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 in the last quarter. Finally, Headlands Technologies LLC grew its position in CNO Financial Group by 193.2% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

CNO Financial Group Stock Up 1.1%

Shares of NYSE CNO opened at $38.27 on Monday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.18 and a quick ratio of 0.18. The company has a market cap of $3.79 billion, a P/E ratio of 13.38 and a beta of 0.87. CNO Financial Group, Inc. has a 1 year low of $27.72 and a 1 year high of $43.20. The firm has a 50-day simple moving average of $37.94 and a two-hundred day simple moving average of $38.82.

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

CNO Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Tuesday, June 10th. This is an increase from CNO Financial Group’s previous quarterly dividend of $0.16. CNO Financial Group’s payout ratio is currently 23.78%.

Wall Street Analyst Weigh In

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

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.