CNO Financial Group, Inc. (NYSE:CNO) is Easterly Investment Partners LLC’s 8th Largest Position

Easterly Investment Partners LLC reduced its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 8.5% in the 1st quarter, Holdings Channel reports. The fund owned 483,735 shares of the financial services provider’s stock after selling 44,777 shares during the period. CNO Financial Group makes up about 1.7% of Easterly Investment Partners LLC’s portfolio, making the stock its 8th biggest position. Easterly Investment Partners LLC’s holdings in CNO Financial Group were worth $20,148,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CNO. Fuller & Thaler Asset Management Inc. raised its stake in shares of CNO Financial Group by 3.1% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,285,783 shares of the financial services provider’s stock worth $159,474,000 after purchasing an additional 130,342 shares in the last quarter. American Century Companies Inc. raised its stake in shares of CNO Financial Group by 11.7% during the 4th quarter. American Century Companies Inc. now owns 2,687,861 shares of the financial services provider’s stock worth $100,015,000 after purchasing an additional 282,611 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of CNO Financial Group by 41.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,274,370 shares of the financial services provider’s stock worth $47,419,000 after purchasing an additional 372,701 shares in the last quarter. Bank of America Corp DE raised its stake in shares of CNO Financial Group by 236.9% in the 4th quarter. Bank of America Corp DE now owns 922,411 shares of the financial services provider’s stock valued at $34,323,000 after acquiring an additional 648,591 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of CNO Financial Group by 21.6% in the 4th quarter. Invesco Ltd. now owns 899,226 shares of the financial services provider’s stock valued at $33,460,000 after acquiring an additional 159,603 shares in the last quarter. 95.43% of the stock is owned by hedge funds and other institutional investors.

CNO Financial Group Stock Up 1.5%

Shares of CNO stock opened at $36.70 on Thursday. The stock’s 50 day simple moving average is $37.76 and its 200 day simple moving average is $38.78. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.18 and a current ratio of 0.18. CNO Financial Group, Inc. has a twelve month low of $29.52 and a twelve month high of $43.20. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 12.83 and a beta of 0.87.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.79 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.79. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $975.80 million. CNO Financial Group had a return on equity of 17.86% and a net margin of 7.11%. The firm’s revenue was down 13.2% compared to the same quarter last year. During the same period last year, the business earned $0.52 EPS. As a group, research analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were given a $0.17 dividend. This is an increase from CNO Financial Group’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 1.85%. The ex-dividend date was Tuesday, June 10th. CNO Financial Group’s payout ratio is currently 23.78%.

Analysts Set New Price Targets

Separately, Piper Sandler raised their price objective on CNO Financial Group from $46.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, CNO Financial Group currently has a consensus rating of “Hold” and a consensus target price of $41.00.

Insider Buying and Selling

In other CNO Financial Group news, insider Michael E. Mead sold 12,581 shares of CNO Financial Group stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $37.97, for a total value of $477,700.57. Following the transaction, the insider directly owned 15,729 shares of the company’s stock, valued at $597,230.13. The trade was a 44.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.00% of the stock is currently owned by corporate 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.