Cerity Partners LLC Boosts Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Cerity Partners LLC lifted its stake in CNO Financial Group, Inc. (NYSE:CNO) by 18.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,226 shares of the financial services provider’s stock after buying an additional 1,872 shares during the period. Cerity Partners LLC’s holdings in CNO Financial Group were worth $509,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in 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 purchasing an additional 477 shares during the period. Versant Capital Management Inc increased its holdings in shares of CNO Financial Group by 148.6% in the 1st quarter. Versant Capital Management Inc now owns 1,099 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 657 shares in the last quarter. Quarry LP increased its holdings in shares of CNO Financial Group by 137.8% in the 4th quarter. Quarry LP now owns 1,334 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 773 shares in the last quarter. Headlands Technologies LLC increased its holdings in shares of CNO Financial Group by 193.2% in the 4th quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 881 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of CNO Financial Group in the 1st quarter valued at about $92,000. Institutional investors and hedge funds own 95.43% of the company’s stock.

Analysts Set New Price Targets

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

Insider Transactions at CNO Financial Group

In other news, insider Michael E. Mead sold 12,581 shares of CNO Financial Group stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $37.97, for a total transaction of $477,700.57. Following the completion of the sale, the insider directly owned 15,729 shares in the company, valued at $597,230.13. The trade was a 44.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.00% of the company’s stock.

CNO Financial Group Stock Performance

Shares of CNO opened at $37.77 on Friday. 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 has a market cap of $3.74 billion, a P/E ratio of 13.21 and a beta of 0.87. The company has a 50-day moving average of $37.64 and a two-hundred day moving average of $38.80. CNO Financial Group, Inc. has a 12-month low of $30.48 and a 12-month high of $43.20.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Monday, April 28th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. The company had revenue of $1 billion during 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 quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share. As a group, 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. Shareholders of record on Tuesday, June 10th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, June 10th. This represents a $0.68 dividend on an annualized basis and a yield of 1.80%. This is a boost from CNO Financial Group’s previous quarterly dividend of $0.16. CNO Financial Group’s payout ratio is presently 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.