CNO Financial Group, Inc. (NYSE:CNO) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 300.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,199,040 shares of the financial services provider’s stock after buying an additional 899,990 shares during the quarter. Assenagon Asset Management S.A.’s holdings in CNO Financial Group were worth $42,086,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. AlphaMark Advisors LLC acquired a new stake in shares of CNO Financial Group during the first quarter worth $300,000. Allspring Global Investments Holdings LLC lifted its stake in shares of CNO Financial Group by 1,862.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 315,597 shares of the financial services provider’s stock worth $8,673,000 after acquiring an additional 299,516 shares during the period. Denali Advisors LLC boosted its holdings in shares of CNO Financial Group by 87.9% in the first quarter. Denali Advisors LLC now owns 28,000 shares of the financial services provider’s stock valued at $769,000 after acquiring an additional 13,100 shares in the last quarter. Uncommon Cents Investing LLC raised its holdings in CNO Financial Group by 3.6% during the first quarter. Uncommon Cents Investing LLC now owns 17,505 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 615 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in CNO Financial Group by 71.3% during the first quarter. BNP Paribas Financial Markets now owns 78,611 shares of the financial services provider’s stock worth $2,160,000 after buying an additional 32,729 shares during the period. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CNO. Evercore ISI upped their price target on CNO Financial Group from $27.00 to $29.00 and gave the stock an “underperform” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods raised their target price on shares of CNO Financial Group from $30.00 to $31.00 and gave the company a “market perform” rating in a report on Monday, July 8th. Piper Sandler lifted their target price on shares of CNO Financial Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada lifted their price objective on CNO Financial Group from $30.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $34.00.

Insider Activity at CNO Financial Group

In other news, insider Jeanne L. Linnenbringer sold 5,435 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $34.26, for a total value of $186,203.10. Following the completion of the transaction, the insider now owns 37,663 shares of the company’s stock, valued at approximately $1,290,334.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Jeanne L. Linnenbringer sold 5,435 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $34.26, for a total value of $186,203.10. Following the completion of the transaction, the insider now directly owns 37,663 shares in the company, valued at $1,290,334.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeanne L. Linnenbringer sold 5,364 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $34.88, for a total value of $187,096.32. Following the sale, the insider now directly owns 44,884 shares in the company, valued at approximately $1,565,553.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

CNO Financial Group Stock Performance

CNO stock opened at $34.83 on Friday. CNO Financial Group, Inc. has a 1 year low of $22.27 and a 1 year high of $36.65. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 10.15 and a beta of 1.01. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.19 and a current ratio of 0.19. The stock’s fifty day moving average is $34.33 and its two-hundred day moving average is $30.50.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Monday, July 29th. The financial services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.33. CNO Financial Group had a net margin of 9.96% and a return on equity of 18.30%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $929.99 million. During the same period last year, the firm posted $0.54 EPS. CNO Financial Group’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, research analysts predict that CNO Financial Group, Inc. will post 3.43 EPS for the current year.

CNO Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Tuesday, September 10th. CNO Financial Group’s dividend payout ratio (DPR) is 18.66%.

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.