Easterly Investment Partners LLC Trims Stock Holdings in CNO Financial Group, Inc. $CNO

Key Points

• Easterly Investment Partners LLC has reduced its stake in CNO Financial Group by 6.7%, now holding 451,457 shares valued at approximately $17.4 million.
• Equities analysts have mixed ratings on CNO Financial Group, with target prices ranging from $43.60 to $45.00, reflecting a "Moderate Buy" average rating.
• CNO Financial Group recently announced a quarterly dividend of $0.17 per share, yielding approximately 1.8%, with a payout ratio of 25.09%.

Easterly Investment Partners LLC reduced its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 6.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 451,457 shares of the financial services provider's stock after selling 32,278 shares during the period. CNO Financial Group makes up approximately 1.2% of Easterly Investment Partners LLC's portfolio, making the stock its 14th biggest position. Easterly Investment Partners LLC owned about 0.46% of CNO Financial Group worth $17,417,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its stake in CNO Financial Group by 5.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,701 shares of the financial services provider's stock worth $571,000 after acquiring an additional 744 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in CNO Financial Group by 15.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 772,371 shares of the financial services provider's stock worth $32,424,000 after acquiring an additional 100,735 shares in the last quarter. GAMMA Investing LLC lifted its stake in CNO Financial Group by 25.0% during the 1st quarter. GAMMA Investing LLC now owns 2,861 shares of the financial services provider's stock worth $119,000 after acquiring an additional 572 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in CNO Financial Group by 42.0% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 8,471 shares of the financial services provider's stock worth $353,000 after acquiring an additional 2,507 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in CNO Financial Group during the 1st quarter worth about $806,000. Institutional investors and hedge funds own 95.43% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their target price on 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. Weiss Ratings reissued a "buy (b)" rating on shares of CNO Financial Group in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded CNO Financial Group from a "buy" rating to a "hold" rating in a report on Saturday, October 11th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, CNO Financial Group has an average rating of "Moderate Buy" and an average target price of $43.60.

CNO Financial Group Trading Down 2.5%

CNO opened at $38.47 on Friday. CNO Financial Group, Inc. has a one year low of $34.10 and a one year high of $43.20. The company has a market cap of $3.73 billion, a P/E ratio of 14.20 and a beta of 0.90. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.17 and a current ratio of 0.17. The business's 50-day simple moving average is $39.15 and its 200-day simple moving average is $38.25.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its quarterly earnings data on Friday, May 19th. The financial services provider reported $0.84 EPS for the quarter. CNO Financial Group had a return on equity of 16.63% and a net margin of 6.41%.The business had revenue of $968.30 million for the quarter. As a group, equities research analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were issued a $0.17 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.8%. CNO Financial Group's dividend payout ratio is presently 25.09%.

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.

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