Versor Investments LP Invests $454,000 in CNO Financial Group, Inc. $CNO

Versor Investments LP bought a new position in CNO Financial Group, Inc. (NYSE:CNO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,698 shares of the financial services provider’s stock, valued at approximately $454,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in CNO. Millennium Management LLC grew its holdings in shares of CNO Financial Group by 190.3% in the third quarter. Millennium Management LLC now owns 579,656 shares of the financial services provider’s stock worth $22,925,000 after purchasing an additional 379,984 shares during the last quarter. Capitolis Liquid Global Markets LLC grew its holdings in shares of CNO Financial Group by 384.9% in the third quarter. Capitolis Liquid Global Markets LLC now owns 438,800 shares of the financial services provider’s stock worth $17,355,000 after purchasing an additional 348,300 shares during the last quarter. Retirement Systems of Alabama bought a new position in shares of CNO Financial Group in the third quarter worth approximately $11,857,000. Hudson Bay Capital Management LP bought a new position in shares of CNO Financial Group in the second quarter worth approximately $10,651,000. Finally, Qube Research & Technologies Ltd grew its holdings in shares of CNO Financial Group by 70.9% in the second quarter. Qube Research & Technologies Ltd now owns 539,233 shares of the financial services provider’s stock worth $20,804,000 after purchasing an additional 223,633 shares during the last quarter. Institutional investors own 95.43% of the company’s stock.

CNO Financial Group Stock Performance

Shares of CNO Financial Group stock opened at $47.16 on Friday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $4.40 billion, a P/E ratio of 18.94 and a beta of 0.82. The business has a fifty day simple moving average of $42.52 and a two-hundred day simple moving average of $42.04. CNO Financial Group, Inc. has a 12 month low of $35.24 and a 12 month high of $47.23.

CNO Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.18 per share. This is an increase from CNO Financial Group’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, June 10th. CNO Financial Group’s payout ratio is 28.92%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of CNO Financial Group from $46.00 to $50.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th. Wall Street Zen cut shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of CNO Financial Group in a report on Monday, April 20th. Finally, Evercore reiterated an “underperform” rating and issued a $43.00 price target on shares of CNO Financial Group in a report on Wednesday, February 18th. Three 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’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $47.50.

Insider Transactions at CNO Financial Group

In other CNO Financial Group news, General Counsel Matthew J. Zimpfer sold 33,800 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $43.05, for a total transaction of $1,455,090.00. Following the completion of the transaction, the general counsel owned 307,937 shares of the company’s stock, valued at approximately $13,256,687.85. This trade represents a 9.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Scott L. Goldberg sold 11,060 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $39.97, for a total value of $442,068.20. Following the transaction, the insider directly owned 214,524 shares of the company’s stock, valued at $8,574,524.28. This represents a 4.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 165,808 shares of company stock worth $7,113,321. Corporate insiders own 3.44% of the company’s stock.

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.