GAMMA Investing LLC Has $4.96 Million Stake in CNO Financial Group, Inc. (NYSE:CNO)

GAMMA Investing LLC grew its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 5,105.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 119,161 shares of the financial services provider's stock after acquiring an additional 116,872 shares during the quarter. GAMMA Investing LLC owned about 0.12% of CNO Financial Group worth $4,963,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CNO. Jones Financial Companies Lllp boosted its position in 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 during the period. Smartleaf Asset Management LLC boosted its position in CNO Financial Group by 95.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock worth $32,000 after acquiring an additional 417 shares during the period. Principal Securities Inc. lifted its holdings in shares of CNO Financial Group by 51.6% in the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock valued at $36,000 after buying an additional 325 shares during the period. Versant Capital Management Inc lifted its holdings in shares of 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 buying an additional 657 shares during the period. Finally, Headlands Technologies LLC lifted its holdings in shares of 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 buying an additional 881 shares during the period. Institutional investors and hedge funds own 95.43% of the company's stock.

CNO Financial Group Price Performance

Shares of CNO Financial Group stock traded down $0.86 during trading on Friday, hitting $36.80. The stock had a trading volume of 622,231 shares, compared to its average volume of 699,155. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. The firm has a market cap of $3.65 billion, a P/E ratio of 9.84 and a beta of 0.89. The business has a fifty day moving average of $38.06 and a two-hundred day moving average of $38.88. CNO Financial Group, Inc. has a fifty-two week low of $26.59 and a fifty-two week high of $43.20.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its earnings results on Monday, April 28th. The financial services provider reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $975.80 million. During the same period in the prior year, the business posted $0.52 earnings per share. CNO Financial Group's revenue was down 13.2% compared to the same quarter last year. On average, sell-side analysts expect that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.85%. This is an increase from CNO Financial Group's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, June 10th. CNO Financial Group's dividend payout ratio is currently 23.78%.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, insider Yvonne K. Franzese sold 2,097 shares of the company's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $42.56, for a total value of $89,248.32. Following the transaction, the insider now directly owns 30,321 shares of the company's stock, valued at $1,290,461.76. This represents a 6.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeremy David Williams sold 3,393 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $41.77, for a total value of $141,725.61. Following the completion of the transaction, the insider now directly owns 56,599 shares in the company, valued at approximately $2,364,140.23. The trade was a 5.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,912 shares of company stock valued at $1,125,523. Company insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upped their price objective 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 assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $41.00.

CNO Financial Group Company 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.