XTX Topco Ltd Raises Position in CNO Financial Group, Inc. $CNO

XTX Topco Ltd lifted its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 91.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 45,570 shares of the financial services provider’s stock after acquiring an additional 21,800 shares during the period. XTX Topco Ltd’s holdings in CNO Financial Group were worth $1,758,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CNO. Assetmark Inc. lifted its position in CNO Financial Group by 12.6% during the second quarter. Assetmark Inc. now owns 3,963 shares of the financial services provider’s stock worth $153,000 after buying an additional 444 shares during the period. KLP Kapitalforvaltning AS grew its holdings in CNO Financial Group by 2.4% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 21,000 shares of the financial services provider’s stock valued at $810,000 after buying an additional 500 shares during the period. State of Wyoming increased its stake in shares of CNO Financial Group by 6.1% during the 1st quarter. State of Wyoming now owns 10,602 shares of the financial services provider’s stock valued at $442,000 after acquiring an additional 611 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of CNO Financial Group by 13.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,483 shares of the financial services provider’s stock worth $228,000 after acquiring an additional 633 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of CNO Financial Group by 4.6% in the second quarter. Cetera Investment Advisers now owns 18,134 shares of the financial services provider’s stock worth $700,000 after acquiring an additional 791 shares during the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Insider Activity

In related news, CIO Eric R. Johnson sold 48,665 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $41.24, for a total transaction of $2,006,944.60. Following the transaction, the executive directly owned 671,542 shares of the company’s stock, valued at approximately $27,694,392.08. The trade was a 6.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.00% of the company’s stock.

CNO Financial Group Price Performance

CNO Financial Group stock opened at $41.21 on Friday. The firm has a fifty day moving average of $40.03 and a 200-day moving average of $38.69. CNO Financial Group, Inc. has a 52-week low of $34.63 and a 52-week high of $43.20. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $3.93 billion, a P/E ratio of 15.21 and a beta of 0.94.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Friday, May 19th. The financial services provider reported $0.84 earnings per share for the quarter. CNO Financial Group had a net margin of 6.41% and a return on equity of 16.63%. The business had revenue of $968.30 million for the quarter. As a group, analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. CNO Financial Group’s dividend payout ratio is presently 23.78%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CNO. Wall Street Zen upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Keefe, Bruyette & Woods boosted their price objective on shares of CNO Financial Group from $44.00 to $45.00 and gave the company a “market perform” rating in a research note on Thursday, October 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of CNO Financial Group in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, CNO Financial Group presently has an average rating of “Moderate Buy” and an average target price of $43.60.

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.