CNO Financial Group, Inc. (NYSE:CNO) Shares Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. grew its position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 56.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 225,163 shares of the financial services provider's stock after purchasing an additional 81,283 shares during the quarter. Edgestream Partners L.P. owned approximately 0.22% of CNO Financial Group worth $9,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CNO. Jones Financial Companies Lllp raised its holdings in shares of CNO Financial Group by 368.2% during the 4th quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock worth $30,000 after acquiring an additional 626 shares in the last quarter. UMB Bank n.a. increased its stake in CNO Financial Group by 89.7% in the 1st quarter. UMB Bank n.a. now owns 1,009 shares of the financial services provider's stock worth $42,000 after buying an additional 477 shares during the period. Versant Capital Management Inc lifted its holdings in CNO Financial Group by 148.6% during the 1st quarter. Versant Capital Management Inc now owns 1,099 shares of the financial services provider's stock valued at $46,000 after buying an additional 657 shares in the last quarter. Headlands Technologies LLC increased its position in shares of CNO Financial Group by 193.2% during the fourth quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock worth $50,000 after acquiring an additional 881 shares during the period. Finally, Quarry LP raised its stake in shares of CNO Financial Group by 137.8% during the fourth quarter. Quarry LP now owns 1,334 shares of the financial services provider's stock valued at $50,000 after acquiring an additional 773 shares in the last quarter. 95.43% of the stock is owned by hedge funds and other institutional investors.

CNO Financial Group Stock Up 2.5%

Shares of CNO traded up $0.92 during mid-day trading on Thursday, hitting $37.61. The company's stock had a trading volume of 930,185 shares, compared to its average volume of 707,330. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.59. The company's 50-day moving average is $37.76 and its 200-day moving average is $38.78. CNO Financial Group, Inc. has a 52-week low of $29.52 and a 52-week high of $43.20. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 13.15 and a beta of 0.87.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its earnings results on Monday, April 28th. The financial services provider reported $0.79 earnings per share for the quarter, hitting analysts' consensus estimates of $0.79. CNO Financial Group had a return on equity of 17.86% and a net margin of 7.11%. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $975.80 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. CNO Financial Group's revenue was down 13.2% on a year-over-year basis. On average, equities research analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were paid a dividend of $0.17 per share. This is a boost from CNO Financial Group's previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Tuesday, June 10th. CNO Financial Group's dividend payout ratio is 23.78%.

Insiders Place Their Bets

In other CNO Financial Group news, insider Michael E. Mead sold 12,581 shares of the business's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $37.97, for a total value of $477,700.57. Following the completion of the transaction, the insider directly owned 15,729 shares in the company, valued at approximately $597,230.13. The trade was a 44.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their price objective on CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, CNO Financial Group presently has a consensus rating of "Hold" and an average target price of $41.00.

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.