Versor Investments LP Takes Position in CNO Financial Group, Inc. (NYSE:CNO)

Versor Investments LP purchased a new stake in CNO Financial Group, Inc. (NYSE:CNO) in the third quarter, Holdings Channel.com reports. The firm purchased 25,519 shares of the financial services provider’s stock, valued at approximately $896,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CWM LLC lifted its position in shares of CNO Financial Group by 64.1% during the second quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 447 shares in the last quarter. Quarry LP boosted its position in CNO Financial Group by 123.2% in the 2nd quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock valued at $47,000 after buying an additional 935 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of CNO Financial Group in the 1st quarter valued at $52,000. Blue Trust Inc. raised its position in shares of CNO Financial Group by 25.4% during the second quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 483 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of CNO Financial Group by 141.8% during the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 1,164 shares during the period. Institutional investors and hedge funds own 95.43% of the company’s stock.

Insider Transactions at CNO Financial Group

In related news, insider Jeanne L. Linnenbringer sold 5,435 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $34.26, for a total transaction of $186,203.10. Following the transaction, the insider now directly owns 37,663 shares in the company, valued at approximately $1,290,334.38. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CNO Financial Group news, insider Jeanne L. Linnenbringer sold 5,435 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $34.26, for a total value of $186,203.10. Following the transaction, the insider now directly owns 37,663 shares in the company, valued at $1,290,334.38. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeremy David Williams sold 4,783 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $40.09, for a total transaction of $191,750.47. Following the sale, the insider now owns 62,121 shares of the company’s stock, valued at approximately $2,490,430.89. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,582 shares of company stock worth $565,050 in the last three months. Insiders own 3.00% of the company’s stock.

CNO Financial Group Price Performance

CNO opened at $39.56 on Wednesday. The stock has a market cap of $4.18 billion, a P/E ratio of 15.95 and a beta of 1.01. CNO Financial Group, Inc. has a 12 month low of $24.24 and a 12 month high of $40.29. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. The company has a fifty day simple moving average of $35.09 and a 200 day simple moving average of $31.54.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.29. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $945.44 million. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The firm’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 earnings per share. On average, research analysts expect that CNO Financial Group, Inc. will post 3.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Royal Bank of Canada lifted their price objective on CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Piper Sandler boosted their price target on shares of CNO Financial Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Evercore ISI raised their price objective on shares of CNO Financial Group from $27.00 to $29.00 and gave the company an “underperform” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $34.50.

CNO Financial Group 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.