Algert Global LLC Boosts Stake in CNO Financial Group, Inc. (NYSE:CNO)

Algert Global LLC raised its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 55.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 148,401 shares of the financial services provider's stock after acquiring an additional 52,659 shares during the quarter. Algert Global LLC owned approximately 0.14% of CNO Financial Group worth $5,209,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CNO. State of Alaska Department of Revenue lifted its position in shares of CNO Financial Group by 3.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 12,290 shares of the financial services provider's stock valued at $431,000 after buying an additional 415 shares in the last quarter. CWM LLC increased its position in shares of CNO Financial Group by 64.1% during the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider's stock worth $32,000 after purchasing an additional 447 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of CNO Financial Group by 25.4% in the 2nd quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider's stock worth $66,000 after acquiring an additional 483 shares during the last quarter. Point72 Hong Kong Ltd lifted its stake in CNO Financial Group by 1.8% during the second quarter. Point72 Hong Kong Ltd now owns 28,700 shares of the financial services provider's stock worth $796,000 after purchasing an additional 511 shares in the last quarter. Finally, Bailard Inc. lifted its stake in CNO Financial Group by 2.5% during the 2nd quarter. Bailard Inc. now owns 24,300 shares of the financial services provider's stock worth $674,000 after acquiring an additional 600 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CIO Eric R. Johnson sold 3,978 shares of the business's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $39.09, for a total value of $155,500.02. Following the completion of the transaction, the executive now directly owns 631,844 shares of the company's stock, valued at $24,698,781.96. The trade was a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jeanne L. Linnenbringer sold 5,364 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $34.88, for a total transaction of $187,096.32. Following the sale, the insider now directly owns 44,884 shares in the company, valued at $1,565,553.92. This represents a 10.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,560 shares of company stock valued at $720,550. 3.21% of the stock is owned by insiders.

CNO Financial Group Stock Performance

Shares of NYSE CNO traded up $0.42 during mid-day trading on Monday, hitting $40.33. 870,619 shares of the company were exchanged, compared to its average volume of 736,842. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 16.26 and a beta of 1.01. The stock has a 50 day simple moving average of $36.19 and a 200-day simple moving average of $32.30. CNO Financial Group, Inc. has a 1-year low of $24.92 and a 1-year high of $40.78.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.29. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The company had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $945.44 million. During the same quarter in the previous year, the firm posted $0.88 EPS. The firm's quarterly revenue was up 19.2% on a year-over-year basis. On average, sell-side analysts forecast that CNO Financial Group, Inc. will post 3.73 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.59%. CNO Financial Group's dividend payout ratio (DPR) is presently 25.81%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CNO shares. Royal Bank of Canada increased their target price on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. Piper Sandler boosted their price objective on shares of CNO Financial Group from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Finally, Evercore ISI upped their target price on CNO Financial Group from $27.00 to $29.00 and gave the company an "underperform" rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $34.50.

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.