Easterly Investment Partners LLC Decreases Stock Position in CNO Financial Group, Inc. $CNO

Easterly Investment Partners LLC cut its stake in CNO Financial Group, Inc. (NYSE:CNO) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 415,537 shares of the financial services provider’s stock after selling 16,500 shares during the period. CNO Financial Group comprises about 1.1% of Easterly Investment Partners LLC’s holdings, making the stock its 14th largest holding. Easterly Investment Partners LLC’s holdings in CNO Financial Group were worth $17,648,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CNO. Royal Bank of Canada raised its stake in CNO Financial Group by 29.5% in the first quarter. Royal Bank of Canada now owns 176,059 shares of the financial services provider’s stock valued at $7,332,000 after buying an additional 40,054 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in CNO Financial Group by 1.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,757 shares of the financial services provider’s stock valued at $2,531,000 after buying an additional 797 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in CNO Financial Group by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 376,747 shares of the financial services provider’s stock valued at $15,692,000 after buying an additional 20,728 shares in the last quarter. Jane Street Group LLC raised its stake in CNO Financial Group by 146.4% in the first quarter. Jane Street Group LLC now owns 149,159 shares of the financial services provider’s stock valued at $6,212,000 after buying an additional 88,619 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in CNO Financial Group by 637.4% in the first quarter. Geneos Wealth Management Inc. now owns 1,438 shares of the financial services provider’s stock valued at $60,000 after buying an additional 1,243 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CNO has been the topic of a number of analyst reports. Evercore restated an “underperform” rating and issued a $43.00 price target on shares of CNO Financial Group in a research note on Wednesday, February 18th. Wall Street Zen cut CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Keefe, Bruyette & Woods raised their price target on CNO Financial Group from $46.00 to $50.00 and gave the company a “market perform” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of CNO Financial Group in a research note on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $47.50.

Insider Activity at CNO Financial Group

In other news, insider Scott L. Goldberg sold 11,060 shares of CNO Financial Group stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $39.97, for a total transaction of $442,068.20. Following the sale, the insider owned 214,524 shares in the company, valued at approximately $8,574,524.28. The trade was a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.44% of the company’s stock.

CNO Financial Group Stock Up 0.0%

CNO opened at $45.98 on Monday. The business’s 50-day simple moving average is $43.87 and its 200-day simple moving average is $42.56. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.17 and a current ratio of 0.17. CNO Financial Group, Inc. has a one year low of $35.24 and a one year high of $47.95. The stock has a market capitalization of $4.29 billion, a P/E ratio of 18.46 and a beta of 0.82.

CNO Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from CNO Financial Group’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, June 10th. CNO Financial Group’s payout ratio is presently 27.31%.

CNO Financial Group Profile

CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.