Versor Investments LP Invests $896,000 in CNO Financial Group, Inc. (NYSE:CNO)

Versor Investments LP bought a new stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 25,519 shares of the financial services provider's stock, valued at approximately $896,000.

Other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in CNO Financial Group by 19.4% in the 2nd quarter. American Century Companies Inc. now owns 2,117,416 shares of the financial services provider's stock valued at $58,695,000 after purchasing an additional 343,819 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of CNO Financial Group by 300.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,199,040 shares of the financial services provider's stock valued at $42,086,000 after buying an additional 899,990 shares during the period. Victory Capital Management Inc. lifted its position in CNO Financial Group by 455.1% during the 2nd quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider's stock worth $21,546,000 after acquiring an additional 637,254 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in CNO Financial Group by 97.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 622,348 shares of the financial services provider's stock worth $17,251,000 after acquiring an additional 306,751 shares during the period. Finally, Easterly Investment Partners LLC grew its position in CNO Financial Group by 3.8% in the third quarter. Easterly Investment Partners LLC now owns 609,624 shares of the financial services provider's stock valued at $21,398,000 after acquiring an additional 22,453 shares in the last quarter. Hedge funds and other institutional investors own 95.43% of the company's stock.

CNO Financial Group Stock Down 0.9 %

Shares of NYSE:CNO traded down $0.36 during midday trading on Wednesday, reaching $39.24. The company had a trading volume of 712,131 shares, compared to its average volume of 742,052. CNO Financial Group, Inc. has a one year low of $24.74 and a one year high of $40.29. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. The stock has a market capitalization of $4.05 billion, a P/E ratio of 15.82 and a beta of 1.01. The stock's fifty day moving average price is $35.18 and its 200-day moving average price is $31.59.

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 for the quarter, topping the consensus estimate of $0.82 by $0.29. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $945.44 million. The company's revenue was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.88 EPS. Equities research analysts expect that CNO Financial Group, Inc. will post 3.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CNO Financial Group news, insider Jeremy David Williams sold 4,783 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $40.09, for a total transaction of $191,750.47. Following the completion of the sale, the insider now owns 62,121 shares in the company, valued at $2,490,430.89. The trade was 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 available at this link. In related news, insider Jeanne L. Linnenbringer sold 5,364 shares of the company's 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 $1,565,553.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeremy David Williams sold 4,783 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $40.09, for a total value of $191,750.47. Following the completion of the sale, the insider now owns 62,121 shares in the company, valued at $2,490,430.89. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,582 shares of company stock valued at $565,050 in the last quarter. Insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

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

CNO Financial Group 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.