Easterly Investment Partners LLC Lowers Holdings in CNO Financial Group, Inc. $CNO

Easterly Investment Partners LLC trimmed its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 3.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 415,537 shares of the financial services provider’s stock after selling 16,500 shares during the period. CNO Financial Group makes up about 1.1% of Easterly Investment Partners LLC’s holdings, making the stock its 14th largest holding. Easterly Investment Partners LLC owned approximately 0.44% of CNO Financial Group worth $17,648,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CNO. Optiver Holding B.V. grew its position in CNO Financial Group by 90.1% in the third quarter. Optiver Holding B.V. now owns 637 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 302 shares during the period. Smartleaf Asset Management LLC grew its position in CNO Financial Group by 353.0% in the third quarter. Smartleaf Asset Management LLC now owns 743 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 579 shares during the period. Richardson Financial Services Inc. purchased a new position in CNO Financial Group in the fourth quarter worth approximately $37,000. EverSource Wealth Advisors LLC grew its position in CNO Financial Group by 123.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,176 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 649 shares during the period. Finally, Osaic Holdings Inc. grew its position in CNO Financial Group by 39.2% in the second quarter. Osaic Holdings Inc. now owns 1,194 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 336 shares during the period. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CNO has been the subject of several research analyst reports. Wall Street Zen lowered CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Keefe, Bruyette & Woods raised their price target on CNO Financial Group from $46.00 to $50.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Weiss Ratings restated a “buy (b)” rating on shares of CNO Financial Group in a research report on Monday, April 20th. Finally, Evercore restated an “underperform” rating and set a $43.00 price target on shares of CNO Financial Group in a research report on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $47.50.

Insider Transactions at CNO Financial Group

In related news, insider Scott L. Goldberg sold 11,060 shares of CNO Financial Group stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $39.97, for a total value of $442,068.20. Following the completion of the transaction, the insider directly owned 214,524 shares in the company, valued at approximately $8,574,524.28. This trade represents a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.44% of the company’s stock.

CNO Financial Group Trading Up 0.0%

NYSE:CNO opened at $45.98 on Monday. The firm has a market cap of $4.29 billion, a PE ratio of 18.46 and a beta of 0.82. The stock has a fifty day moving average price of $43.87 and a 200 day moving average price of $42.56. CNO Financial Group, Inc. has a 12-month low of $35.24 and a 12-month high of $47.95. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.61.

CNO Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.6%. This is a boost from CNO Financial Group’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, June 10th. CNO Financial Group’s dividend payout ratio (DPR) is 27.31%.

About CNO Financial Group

CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.