Harbor Capital Advisors Inc. Buys 18,257 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Harbor Capital Advisors Inc. raised its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 131.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,141 shares of the financial services provider's stock after purchasing an additional 18,257 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in CNO Financial Group were worth $1,128,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. CWM LLC raised its position in CNO Financial Group by 64.1% in the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider's stock valued at $32,000 after buying an additional 447 shares during the last quarter. Quarry LP grew its stake in shares of CNO Financial Group by 123.2% in the 2nd quarter. Quarry LP now owns 1,694 shares of the financial services provider's stock worth $47,000 after acquiring an additional 935 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of CNO Financial Group in the first quarter valued at about $52,000. Blue Trust Inc. lifted its position in shares of CNO Financial Group by 25.4% during 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 in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in CNO Financial Group by 141.8% during the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider's stock worth $70,000 after purchasing an additional 1,164 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

CNO Financial Group Stock Performance

Shares of CNO stock traded down $1.19 during trading hours on Thursday, hitting $38.50. 1,058,563 shares of the company were exchanged, compared to its average volume of 744,086. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 15.52 and a beta of 1.01. The firm has a fifty day simple moving average of $34.81 and a 200 day simple moving average of $31.20. CNO Financial Group, Inc. has a 52-week low of $24.14 and a 52-week high of $39.81.

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 analysts' consensus estimates 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 business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $945.44 million. During the same period last year, the business posted $0.88 earnings per share. The business's revenue for the quarter was up 19.2% on a year-over-year basis. Research analysts predict that CNO Financial Group, Inc. will post 3.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Jeanne L. Linnenbringer sold 5,364 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $34.88, for a total value of $187,096.32. Following the sale, the insider now owns 44,884 shares of the company's stock, valued at $1,565,553.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Jeanne L. Linnenbringer sold 5,364 shares of the firm's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $34.88, for a total value of $187,096.32. Following the completion of the transaction, the insider now directly owns 44,884 shares of the company's stock, valued at $1,565,553.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeanne L. Linnenbringer sold 5,435 shares of the business's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $34.26, for a total value of $186,203.10. Following the sale, the insider now owns 37,663 shares in the company, valued at approximately $1,290,334.38. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.21% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CNO has been the topic of several recent analyst reports. Royal Bank of Canada lifted their target price on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an "outperform" rating in a research report on Monday. Piper Sandler boosted their price objective on 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 raised 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 issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, CNO Financial Group presently has a consensus 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.