7,125 Shares in CNO Financial Group, Inc. $CNO Purchased by Vise Technologies Inc.

Vise Technologies Inc. bought a new stake in CNO Financial Group, Inc. (NYSE:CNO) during the second quarter, HoldingsChannel reports. The institutional investor bought 7,125 shares of the financial services provider’s stock, valued at approximately $275,000.

Other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its stake in shares of CNO Financial Group by 65.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 54,692 shares of the financial services provider’s stock worth $2,278,000 after acquiring an additional 21,664 shares during the period. Cerity Partners LLC raised its position in shares of CNO Financial Group by 18.1% in the first quarter. Cerity Partners LLC now owns 12,226 shares of the financial services provider’s stock worth $509,000 after buying an additional 1,872 shares in the last quarter. CWM LLC raised its holdings in shares of CNO Financial Group by 27.7% in the 1st quarter. CWM LLC now owns 3,007 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 653 shares in the last quarter. Victory Capital Management Inc. lifted its position in CNO Financial Group by 1.6% during the first quarter. Victory Capital Management Inc. now owns 743,088 shares of the financial services provider’s stock valued at $30,950,000 after purchasing an additional 11,983 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its position in CNO Financial Group by 6.6% in the first quarter. Allianz Asset Management GmbH now owns 904,795 shares of the financial services provider’s stock worth $37,685,000 after acquiring an additional 56,388 shares in the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Insider Transactions at CNO Financial Group

In other news, CIO Eric R. Johnson sold 48,665 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $41.24, for a total value of $2,006,944.60. Following the completion of the transaction, the executive owned 671,542 shares in the company, valued at $27,694,392.08. The trade was a 6.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.00% of the company’s stock.

CNO Financial Group Price Performance

Shares of NYSE CNO opened at $39.71 on Tuesday. CNO Financial Group, Inc. has a 1 year low of $34.63 and a 1 year high of $43.20. The stock has a market capitalization of $3.79 billion, a P/E ratio of 14.65 and a beta of 0.94. The company’s 50-day moving average is $39.82 and its 200 day moving average is $38.54. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.17 and a quick ratio of 0.17.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Friday, May 19th. The financial services provider reported $0.84 EPS for the quarter. CNO Financial Group had a net margin of 6.41% and a return on equity of 16.63%. The firm had revenue of $968.30 million for the quarter. On average, sell-side analysts expect that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 10th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, December 10th. CNO Financial Group’s payout ratio is presently 23.78%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CNO shares. Wall Street Zen upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CNO Financial Group in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of CNO Financial Group from $44.00 to $45.00 and gave the stock a “market perform” rating in a research note on Thursday, October 9th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.60.

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.