Cresset Asset Management LLC Buys New Position in CNO Financial Group, Inc. $CNO

Cresset Asset Management LLC bought a new stake in CNO Financial Group, Inc. (NYSE:CNO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 39,175 shares of the financial services provider’s stock, valued at approximately $1,511,000.

A number of other large investors also recently modified their holdings of CNO. Turning Point Benefit Group Inc. bought a new stake in shares of CNO Financial Group in the second quarter valued at approximately $32,000. EverSource Wealth Advisors LLC raised its stake in CNO Financial Group by 123.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,176 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 649 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in CNO Financial Group by 637.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,438 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 1,243 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new stake in CNO Financial Group in the 2nd quarter valued at $88,000. Finally, Allworth Financial LP grew its position in CNO Financial Group by 211.4% in the 2nd quarter. Allworth Financial LP now owns 3,074 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 2,087 shares during the last quarter. 95.43% of the stock is currently owned by institutional investors and hedge funds.

CNO Financial Group Stock Performance

NYSE:CNO opened at $39.97 on Wednesday. The firm has a market capitalization of $3.81 billion, a PE ratio of 13.98 and a beta of 0.86. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.45. CNO Financial Group, Inc. has a 12-month low of $34.63 and a 12-month high of $43.20. The firm has a 50-day moving average price of $40.15 and a 200 day moving average price of $38.81.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Friday, May 19th. The financial services provider reported $0.84 earnings per share for the quarter. CNO Financial Group had a return on equity of 15.81% and a net margin of 6.64%.The company had revenue of $968.30 million for the quarter. Research analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 10th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, December 10th. CNO Financial Group’s dividend payout ratio is 23.78%.

Insider Transactions at CNO Financial Group

In other CNO Financial Group news, CIO Eric R. Johnson sold 48,665 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $41.24, for a total transaction of $2,006,944.60. Following the completion of the transaction, the executive directly owned 671,542 shares in the company, valued at $27,694,392.08. This represents a 6.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.38% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on CNO. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CNO Financial Group in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their price target on CNO Financial Group from $44.00 to $45.00 and gave the company a “market perform” rating in a research note on Thursday, October 9th. Finally, Wall Street Zen upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.25.

About CNO Financial Group

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.