GAMMA Investing LLC Purchases 116,872 Shares of CNO Financial Group, Inc. (NYSE:CNO)

GAMMA Investing LLC increased its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 5,105.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 119,161 shares of the financial services provider's stock after acquiring an additional 116,872 shares during the period. GAMMA Investing LLC owned about 0.12% of CNO Financial Group worth $4,963,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CNO. Jones Financial Companies Lllp boosted its stake in shares of CNO Financial Group by 368.2% in the 4th 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 in the last quarter. Smartleaf Asset Management LLC boosted its position in CNO Financial Group by 95.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock valued at $32,000 after buying an additional 417 shares in the last quarter. Principal Securities Inc. grew its stake in CNO Financial Group by 51.6% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock worth $36,000 after buying an additional 325 shares during the last quarter. Versant Capital Management Inc grew its stake in CNO Financial Group by 148.6% during the first quarter. Versant Capital Management Inc now owns 1,099 shares of the financial services provider's stock worth $46,000 after buying an additional 657 shares during the last quarter. Finally, Headlands Technologies LLC increased its holdings 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 buying an additional 881 shares in the last quarter. Institutional investors own 95.43% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CNO. Piper Sandler lifted 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. Keefe, Bruyette & Woods raised their price objective on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a research report on Wednesday, February 12th. One research 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $41.00.

CNO Financial Group Price Performance

NYSE CNO remained flat at $37.49 on Thursday. 118,015 shares of the company's stock traded hands, compared to its average volume of 701,291. The business has a 50 day simple moving average of $38.01 and a two-hundred day simple moving average of $38.93. CNO Financial Group, Inc. has a 1 year low of $26.36 and a 1 year high of $43.20. The stock has a market capitalization of $3.72 billion, a P/E ratio of 10.02 and a beta of 0.89. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.79. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $975.80 million. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. The business's revenue was down 13.2% on a year-over-year basis. During the same period last year, the firm posted $0.52 earnings per share. Analysts predict 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 will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.81%. This is a boost from CNO Financial Group's previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, June 10th. CNO Financial Group's payout ratio is 23.78%.

Insider Buying and Selling at CNO Financial Group

In other news, insider Jeremy David Williams sold 11,300 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $41.51, for a total transaction of $469,063.00. Following the transaction, the insider now directly owns 65,299 shares of the company's stock, valued at approximately $2,710,561.49. This trade represents a 14.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Yvonne K. Franzese sold 2,097 shares of CNO Financial Group stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $42.56, for a total transaction of $89,248.32. Following the completion of the sale, the insider now owns 30,321 shares of the company's stock, valued at approximately $1,290,461.76. The trade was a 6.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,912 shares of company stock worth $1,125,523 over the last ninety days. Insiders own 3.00% of the company's stock.

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.