EMC Capital Management Buys 21,881 Shares of CNO Financial Group, Inc. (NYSE:CNO)

EMC Capital Management raised its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 283.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,605 shares of the financial services provider's stock after buying an additional 21,881 shares during the quarter. CNO Financial Group comprises approximately 0.6% of EMC Capital Management's investment portfolio, making the stock its 10th biggest holding. EMC Capital Management's holdings in CNO Financial Group were worth $1,102,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Quarry LP lifted its position in CNO Financial Group by 123.2% in the 2nd quarter. Quarry LP now owns 1,694 shares of the financial services provider's stock valued at $47,000 after acquiring an additional 935 shares in the last quarter. Sound Income Strategies LLC bought a new position in shares of CNO Financial Group during the 4th quarter worth approximately $54,000. CWM LLC raised its holdings in shares of CNO Financial Group by 53.0% in the third quarter. CWM LLC now owns 1,750 shares of the financial services provider's stock valued at $61,000 after purchasing an additional 606 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of CNO Financial Group by 141.8% in the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 1,164 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new stake in shares of CNO Financial Group in the second quarter worth $89,000. Institutional investors own 95.43% of the company's stock.

CNO Financial Group Stock Performance

NYSE:CNO traded down $0.60 during mid-day trading on Monday, hitting $39.34. The stock had a trading volume of 379,249 shares, compared to its average volume of 449,787. CNO Financial Group, Inc. has a twelve month low of $24.92 and a twelve month high of $40.91. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 15.88 and a beta of 1.04. The company's 50 day simple moving average is $38.26 and its 200 day simple moving average is $35.81.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $945.44 million. During the same quarter in the prior year, the company earned $0.88 earnings per share. The business's revenue for the quarter was up 19.2% compared to the same quarter last year. On average, equities research analysts forecast that CNO Financial Group, Inc. will post 3.73 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Tuesday, December 10th. CNO Financial Group's dividend payout ratio (DPR) is presently 25.81%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CNO shares. BMO Capital Markets began coverage on shares of CNO Financial Group in a research report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 target price for the company. Jefferies Financial Group raised their price objective on CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a report on Tuesday, December 10th. Royal Bank of Canada upped their target price on CNO Financial Group from $38.00 to $40.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. Finally, Piper Sandler raised their price target on CNO Financial Group from $42.00 to $44.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $37.17.

Insider Buying and Selling at CNO Financial Group

In other news, insider Jeremy David Williams sold 4,783 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $40.09, for a total value of $191,750.47. Following the transaction, the insider now owns 62,121 shares of the company's stock, valued at approximately $2,490,430.89. This represents a 7.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CIO Eric R. Johnson sold 3,978 shares of CNO Financial Group stock in a transaction that occurred 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 sale, the executive now directly owns 631,844 shares of the company's stock, valued at approximately $24,698,781.96. The trade was a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,745 shares of company stock valued at $572,467 in the last quarter. 3.21% of the stock is currently owned by insiders.

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.