Victory Capital Management Inc. Boosts Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Victory Capital Management Inc. increased its stake in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 1.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 743,088 shares of the financial services provider's stock after purchasing an additional 11,983 shares during the period. Victory Capital Management Inc. owned approximately 0.74% of CNO Financial Group worth $30,950,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. raised its stake in shares of CNO Financial Group by 89.7% during 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 in the last quarter. Versant Capital Management Inc grew its position 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 valued at $46,000 after acquiring an additional 657 shares during the period. Headlands Technologies LLC grew its stake in 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 during the period. Quarry LP boosted its position in shares of CNO Financial Group by 137.8% in the fourth quarter. Quarry LP now owns 1,334 shares of the financial services provider's stock worth $50,000 after buying an additional 773 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in CNO Financial Group in the 1st quarter worth approximately $92,000. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler increased their target price 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 research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, CNO Financial Group presently has an average rating of "Hold" and an average price target of $41.00.

CNO Financial Group Price Performance

NYSE:CNO traded up $0.02 on Thursday, reaching $37.53. The stock had a trading volume of 145,691 shares, compared to its average volume of 698,713. The company has a market capitalization of $3.72 billion, a P/E ratio of 13.12 and a beta of 0.87. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.59. CNO Financial Group, Inc. has a 1-year low of $30.44 and a 1-year high of $43.20. The stock has a fifty day moving average price of $37.71 and a 200-day moving average price of $38.80.

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

CNO Financial Group Increases Dividend

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

Insider Buying and Selling

In related news, insider Michael E. Mead sold 12,581 shares of the firm's stock in a transaction dated 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 directly owned 15,729 shares of the company's stock, valued at $597,230.13. This trade represents a 44.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate 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.