CNO Financial Group, Inc. (NYSE:CNO) Position Increased by Edgestream Partners L.P.

Edgestream Partners L.P. increased its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 56.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 225,163 shares of the financial services provider's stock after buying an additional 81,283 shares during the quarter. Edgestream Partners L.P. owned about 0.22% of CNO Financial Group worth $9,378,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Jones Financial Companies Lllp boosted its holdings in CNO Financial Group by 368.2% in the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 626 shares during the last quarter. UMB Bank n.a. boosted its holdings in CNO Financial Group by 89.7% in the first quarter. UMB Bank n.a. now owns 1,009 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 477 shares during the last quarter. Versant Capital Management Inc boosted its holdings in CNO Financial Group by 148.6% in the first quarter. Versant Capital Management Inc now owns 1,099 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 657 shares during the last quarter. Headlands Technologies LLC boosted its holdings in CNO Financial Group by 193.2% in the fourth quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock valued at $50,000 after purchasing an additional 881 shares during the last quarter. Finally, Quarry LP boosted its holdings in CNO Financial Group by 137.8% in the fourth quarter. Quarry LP now owns 1,334 shares of the financial services provider's stock valued at $50,000 after purchasing an additional 773 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, insider Michael E. Mead sold 12,581 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $37.97, for a total value of $477,700.57. Following the sale, the insider owned 15,729 shares of the company's stock, valued at approximately $597,230.13. This trade represents a 44.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.38% of the stock is currently owned by corporate insiders.

CNO Financial Group Stock Performance

NYSE:CNO traded down $0.51 during trading hours on Tuesday, reaching $36.58. 155,604 shares of the stock were exchanged, compared to its average volume of 706,038. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.59. The firm has a 50 day simple moving average of $37.81 and a 200-day simple moving average of $38.81. CNO Financial Group, Inc. has a 52 week low of $29.28 and a 52 week high of $43.20. The stock has a market capitalization of $3.63 billion, a P/E ratio of 12.79 and a beta of 0.87.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its earnings results on Monday, April 28th. The financial services provider reported $0.79 EPS 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 for the quarter, compared to the consensus estimate of $975.80 million. During the same quarter last year, the business posted $0.52 EPS. CNO Financial Group's quarterly revenue was down 13.2% compared to the same quarter last year. As a group, sell-side analysts forecast that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Tuesday, June 10th. This is an increase from CNO Financial Group's previous quarterly dividend of $0.16. CNO Financial Group's dividend payout ratio (DPR) is currently 23.78%.

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.