Easterly Investment Partners LLC Raises Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Easterly Investment Partners LLC increased its position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 609,624 shares of the financial services provider's stock after buying an additional 22,453 shares during the quarter. CNO Financial Group comprises about 1.7% of Easterly Investment Partners LLC's investment portfolio, making the stock its 6th biggest position. Easterly Investment Partners LLC owned 0.58% of CNO Financial Group worth $21,398,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Blair William & Co. IL raised its position in CNO Financial Group by 2.1% in the first quarter. Blair William & Co. IL now owns 19,189 shares of the financial services provider's stock valued at $527,000 after purchasing an additional 399 shares during the period. State of Alaska Department of Revenue raised its position in CNO Financial Group by 3.5% in the third quarter. State of Alaska Department of Revenue now owns 12,290 shares of the financial services provider's stock valued at $431,000 after purchasing an additional 415 shares during the period. CWM LLC raised its position in CNO Financial Group by 64.1% in the second quarter. CWM LLC now owns 1,144 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 447 shares during the period. Blue Trust Inc. raised its position in CNO Financial Group by 25.4% in the second quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider's stock valued at $66,000 after purchasing an additional 483 shares during the period. Finally, Point72 Hong Kong Ltd raised its position in CNO Financial Group by 1.8% in the second quarter. Point72 Hong Kong Ltd now owns 28,700 shares of the financial services provider's stock valued at $796,000 after purchasing an additional 511 shares during the period. 95.43% of the stock is owned by hedge funds and other institutional investors.

CNO Financial Group Stock Up 0.8 %

Shares of CNO Financial Group stock traded up $0.30 during trading hours on Friday, hitting $38.82. 572,308 shares of the company's stock traded hands, compared to its average volume of 743,373. The stock has a 50 day simple moving average of $34.81 and a 200-day simple moving average of $31.20. 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 company has a market cap of $4.11 billion, a PE ratio of 15.71 and a beta of 1.01. CNO Financial Group, Inc. has a twelve month low of $24.14 and a twelve month high of $39.81.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.29. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $945.44 million. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The company's revenue was up 19.2% on a year-over-year basis. During the same period last year, the firm earned $0.88 earnings per share. Equities research analysts anticipate that CNO Financial Group, Inc. will post 3.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jeanne L. Linnenbringer sold 5,435 shares of CNO Financial Group stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $34.26, for a total value of $186,203.10. Following the completion of the transaction, the insider now directly owns 37,663 shares in the company, valued at approximately $1,290,334.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Jeanne L. Linnenbringer sold 5,435 shares of CNO Financial Group stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $34.26, for a total value of $186,203.10. Following the completion of the transaction, the insider now directly owns 37,663 shares in the company, valued at approximately $1,290,334.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 completion of the transaction, the insider now directly owns 44,884 shares in the company, valued at $1,565,553.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.21% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on CNO. Piper Sandler raised their price objective on CNO Financial Group from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. Royal Bank of Canada raised their price objective on CNO Financial Group from $38.00 to $40.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Evercore ISI raised their target price on CNO Financial Group from $27.00 to $29.00 and gave the company an "underperform" rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $34.50.

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.