Assenagon Asset Management S.A. Boosts Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Assenagon Asset Management S.A. boosted its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 300.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,199,040 shares of the financial services provider's stock after acquiring an additional 899,990 shares during the quarter. Assenagon Asset Management S.A. owned 1.11% of CNO Financial Group worth $42,086,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of CNO Financial Group in the second quarter valued at about $852,000. State Board of Administration of Florida Retirement System boosted its holdings in CNO Financial Group by 30.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 105,374 shares of the financial services provider's stock worth $2,896,000 after buying an additional 24,844 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in CNO Financial Group by 680.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 34,584 shares of the financial services provider's stock worth $949,000 after buying an additional 30,150 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of CNO Financial Group during the first quarter valued at approximately $890,000. Finally, Interval Partners LP purchased a new position in shares of CNO Financial Group in the second quarter valued at approximately $2,360,000. Hedge funds and other institutional investors own 95.43% of the company's stock.

Insider Activity

In other news, insider Jeanne L. Linnenbringer sold 5,364 shares of the stock in a transaction on 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 approximately $1,565,553.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Jeanne L. Linnenbringer sold 5,364 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 owns 44,884 shares of the company's stock, valued at approximately $1,565,553.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeanne L. Linnenbringer sold 5,435 shares of CNO Financial Group stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $34.26, for a total transaction of $186,203.10. Following the completion of the sale, the insider now owns 37,663 shares of the company's stock, valued at $1,290,334.38. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

CNO Financial Group Trading Down 1.6 %

CNO Financial Group stock traded down $0.56 during midday trading on Friday, hitting $34.27. 380,864 shares of the stock were exchanged, compared to its average volume of 742,298. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.66. The stock's 50-day simple moving average is $34.35 and its 200 day simple moving average is $30.55. CNO Financial Group, Inc. has a fifty-two week low of $22.27 and a fifty-two week high of $36.65. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 9.99 and a beta of 1.01.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The financial services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.33. CNO Financial Group had a net margin of 9.96% and a return on equity of 18.30%. The business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $929.99 million. During the same quarter in the prior year, the company posted $0.54 EPS. The business's revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities analysts anticipate that CNO Financial Group, Inc. will post 3.43 EPS for the current year.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were given a $0.16 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.87%. CNO Financial Group's dividend payout ratio is currently 18.66%.

Wall Street Analysts Forecast Growth

CNO has been the subject of several recent research reports. Evercore ISI increased their price objective 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. Keefe, Bruyette & Woods raised their price target on shares of CNO Financial Group from $30.00 to $31.00 and gave the stock a "market perform" rating in a research note on Monday, July 8th. Piper Sandler increased their price objective on shares of CNO Financial Group from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada raised their target price on shares of CNO Financial Group from $30.00 to $38.00 and gave the stock an "outperform" rating in a research note 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. According to data from MarketBeat, CNO Financial Group has an average rating of "Hold" and a consensus target price of $34.00.

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.