Capitolis Liquid Global Markets LLC Acquires 348,300 Shares of CNO Financial Group, Inc. $CNO

Capitolis Liquid Global Markets LLC increased its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 384.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 438,800 shares of the financial services provider’s stock after purchasing an additional 348,300 shares during the period. Capitolis Liquid Global Markets LLC’s holdings in CNO Financial Group were worth $17,355,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Franklin Resources Inc. lifted its stake in CNO Financial Group by 1.0% in the third quarter. Franklin Resources Inc. now owns 4,302,316 shares of the financial services provider’s stock valued at $170,157,000 after buying an additional 42,467 shares during the period. American Century Companies Inc. grew its position in shares of CNO Financial Group by 3.8% during the 3rd quarter. American Century Companies Inc. now owns 3,239,944 shares of the financial services provider’s stock worth $128,140,000 after buying an additional 118,417 shares during the period. AQR Capital Management LLC grew its position in shares of CNO Financial Group by 8.1% during the 3rd quarter. AQR Capital Management LLC now owns 898,238 shares of the financial services provider’s stock worth $35,525,000 after buying an additional 66,937 shares during the period. JPMorgan Chase & Co. increased its stake in shares of CNO Financial Group by 11.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 882,512 shares of the financial services provider’s stock valued at $34,903,000 after acquiring an additional 91,417 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in shares of CNO Financial Group by 32.6% in the 2nd quarter. Balyasny Asset Management L.P. now owns 764,867 shares of the financial services provider’s stock valued at $29,509,000 after acquiring an additional 187,974 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CNO. Evercore reissued an “underperform” rating and set a $43.00 target price on shares of CNO Financial Group in a research note on Wednesday, February 18th. Wall Street Zen raised shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Piper Sandler increased their price objective on shares of CNO Financial Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 23rd. Jefferies Financial Group upgraded CNO Financial Group from a “hold” rating to a “buy” rating and raised their target price for the company from $42.00 to $47.00 in a research note on Monday, December 15th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of CNO Financial Group in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $46.25.

Insider Buying and Selling

In other CNO Financial Group news, insider Yvonne K. Franzese sold 9,000 shares of CNO Financial Group stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $43.17, for a total transaction of $388,530.00. Following the completion of the transaction, the insider owned 35,062 shares in the company, valued at approximately $1,513,626.54. The trade was a 20.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Matthew J. Zimpfer sold 33,800 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $43.05, for a total value of $1,455,090.00. Following the sale, the general counsel directly owned 307,937 shares of the company’s stock, valued at $13,256,687.85. This represents a 9.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 226,431 shares of company stock worth $9,715,996 over the last 90 days. Company insiders own 3.00% of the company’s stock.

CNO Financial Group Stock Performance

CNO opened at $39.84 on Friday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.43. The company’s fifty day moving average price is $42.15 and its two-hundred day moving average price is $41.06. CNO Financial Group, Inc. has a 1-year low of $34.63 and a 1-year high of $44.85. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 17.86 and a beta of 0.83.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.27. The firm had revenue of $101.10 million for the quarter, compared to analyst estimates of $1 billion. CNO Financial Group had a net margin of 4.94% and a return on equity of 15.80%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $1.18 earnings per share. On average, analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be given a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.68 annualized dividend and a yield of 1.7%. CNO Financial Group’s dividend payout ratio (DPR) is presently 30.49%.

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.