Tudor Investment Corp ET AL Purchases 62,615 Shares of CNO Financial Group, Inc. $CNO

Tudor Investment Corp ET AL raised its position in CNO Financial Group, Inc. (NYSE:CNO) by 16.5% during the third quarter, Holdings Channel reports. The fund owned 441,205 shares of the financial services provider’s stock after acquiring an additional 62,615 shares during the period. Tudor Investment Corp ET AL’s holdings in CNO Financial Group were worth $17,450,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Optiver Holding B.V. lifted its stake in shares of CNO Financial Group by 90.1% in the 3rd quarter. Optiver Holding B.V. now owns 637 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 302 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of CNO Financial Group by 353.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 743 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 579 shares in the last quarter. First Horizon Corp bought a new position in CNO Financial Group in the 3rd quarter worth $32,000. EverSource Wealth Advisors LLC lifted its position in CNO Financial Group by 123.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,176 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 649 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in CNO Financial Group by 39.2% during the second quarter. Osaic Holdings Inc. now owns 1,194 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 336 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CNO Financial Group

In other CNO Financial Group news, CEO Gary C. Bhojwani sold 43,021 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $43.05, for a total value of $1,852,054.05. Following the sale, the chief executive officer owned 277,526 shares in the company, valued at $11,947,494.30. The trade was a 13.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Yvonne K. Franzese sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $43.17, for a total value of $388,530.00. Following the transaction, the insider owned 35,062 shares of the company’s stock, valued at approximately $1,513,626.54. The trade was a 20.43% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 217,148 shares of company stock worth $9,320,540. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

CNO has been the subject of a number of analyst reports. Wall Street Zen upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of CNO Financial Group in a research note on Wednesday, January 21st. Jefferies Financial Group raised shares of CNO Financial Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $42.00 to $47.00 in a report on Monday, December 15th. Piper Sandler lifted their price target on shares of CNO Financial Group from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Tuesday, December 23rd. Finally, Evercore reiterated an “underperform” rating and issued a $43.00 price target on shares of CNO Financial Group in a research report on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $46.25.

CNO Financial Group Stock Performance

NYSE CNO opened at $39.72 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.43. CNO Financial Group, Inc. has a twelve month low of $34.63 and a twelve month high of $44.85. The business has a 50-day moving average price of $41.83 and a 200-day moving average price of $41.07. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 17.81 and a beta of 0.83.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Thursday, February 5th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.27. CNO Financial Group had a return on equity of 15.80% and a net margin of 4.94%.The company had revenue of $101.10 million for the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the company earned $1.18 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

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

CNO Financial Group Company 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.