Cresset Asset Management LLC Makes New $1.51 Million Investment in CNO Financial Group, Inc. $CNO

Cresset Asset Management LLC acquired a new position in shares of CNO Financial Group, Inc. (NYSE:CNO) in the 2nd quarter, HoldingsChannel reports. The firm acquired 39,175 shares of the financial services provider’s stock, valued at approximately $1,511,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. EverSource Wealth Advisors LLC increased its holdings in CNO Financial Group by 123.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,176 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 649 shares in the last quarter. Edgestream Partners L.P. grew its holdings in shares of CNO Financial Group by 16.7% during the second quarter. Edgestream Partners L.P. now owns 262,792 shares of the financial services provider’s stock worth $10,139,000 after purchasing an additional 37,629 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of CNO Financial Group by 9.0% in the second quarter. New York State Common Retirement Fund now owns 36,245 shares of the financial services provider’s stock valued at $1,398,000 after buying an additional 3,000 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in shares of CNO Financial Group in the second quarter valued at about $88,000. Finally, Norges Bank bought a new position in shares of CNO Financial Group in the second quarter valued at about $3,738,000. 95.43% of the stock is owned by institutional investors and hedge funds.

CNO Financial Group Trading Up 0.0%

CNO opened at $39.97 on Wednesday. The firm has a 50 day simple moving average of $40.15 and a 200 day simple moving average of $38.81. CNO Financial Group, Inc. has a fifty-two week low of $34.63 and a fifty-two week high of $43.20. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 13.98 and a beta of 0.86. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.18 and a quick ratio of 0.18.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Friday, May 19th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter. CNO Financial Group had a net margin of 6.64% and a return on equity of 15.81%. The firm had revenue of $968.30 million for the quarter. On average, sell-side analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Announces Dividend

The business also recently declared 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. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, December 10th. CNO Financial Group’s dividend payout ratio (DPR) is currently 23.78%.

Insider Activity at CNO Financial Group

In related news, CIO Eric R. Johnson sold 48,665 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $41.24, for a total value of $2,006,944.60. Following the completion of the sale, the executive owned 671,542 shares in the company, valued at approximately $27,694,392.08. This represents a 6.76% 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. 3.38% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CNO has been the topic of a number of research analyst reports. Wall Street Zen raised shares of CNO Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “buy (b)” rating on shares of CNO Financial Group in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of CNO Financial Group from $44.00 to $45.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.25.

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.