Easterly Investment Partners LLC Has $13.96 Million Stock Position in CNO Financial Group, Inc. (NYSE:CNO)

Easterly Investment Partners LLC lowered its stake in CNO Financial Group, Inc. (NYSE:CNOGet Rating) by 28.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 585,680 shares of the financial services provider’s stock after selling 231,347 shares during the period. Easterly Investment Partners LLC owned 0.47% of CNO Financial Group worth $13,963,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CNO. Morgan Stanley lifted its holdings in shares of CNO Financial Group by 16.3% during the second quarter. Morgan Stanley now owns 333,744 shares of the financial services provider’s stock worth $7,883,000 after purchasing an additional 46,758 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in shares of CNO Financial Group during the third quarter worth $2,669,000. SG Americas Securities LLC lifted its holdings in shares of CNO Financial Group by 89.3% during the third quarter. SG Americas Securities LLC now owns 114,151 shares of the financial services provider’s stock worth $2,687,000 after purchasing an additional 53,850 shares during the period. Versor Investments LP acquired a new position in shares of CNO Financial Group during the third quarter worth $231,000. Finally, Deutsche Bank AG lifted its holdings in shares of CNO Financial Group by 113.3% during the third quarter. Deutsche Bank AG now owns 247,302 shares of the financial services provider’s stock worth $5,821,000 after purchasing an additional 131,380 shares during the period. Hedge funds and other institutional investors own 95.55% of the company’s stock.

CNO traded down $0.69 during midday trading on Friday, hitting $24.14. The company had a trading volume of 750,071 shares, compared to its average volume of 705,621. CNO Financial Group, Inc. has a 52 week low of $21.88 and a 52 week high of $27.89. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 7.18 and a beta of 1.25. The stock’s 50 day moving average price is $24.57 and its 200 day moving average price is $24.69.

CNO Financial Group (NYSE:CNOGet Rating) last posted its quarterly earnings results on Tuesday, February 8th. The financial services provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.28. CNO Financial Group had a net margin of 10.70% and a return on equity of 7.07%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $906.40 million. During the same period in the previous year, the firm posted $0.57 earnings per share. The business’s revenue was down .1% compared to the same quarter last year. Research analysts predict that CNO Financial Group, Inc. will post 2.36 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 24th. Shareholders of record on Thursday, March 10th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.15%. The ex-dividend date was Wednesday, March 9th. CNO Financial Group’s dividend payout ratio (DPR) is currently 15.48%.

A number of equities analysts have recently commented on the stock. Piper Sandler lowered shares of CNO Financial Group from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $29.00 to $27.00 in a report on Wednesday, January 5th. StockNews.com started coverage on shares of CNO Financial Group in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Jefferies Financial Group started coverage on shares of CNO Financial Group in a report on Tuesday, January 25th. They issued a “hold” rating and a $25.00 target price on the stock. Morgan Stanley dropped their target price on shares of CNO Financial Group from $29.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday, April 8th. Finally, B. Riley restated a “buy” rating on shares of CNO Financial Group in a report on Friday, March 4th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CNO Financial Group has a consensus rating of “Hold” and an average target price of $26.00.

CNO Financial Group Company Profile (Get Rating)

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products 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.

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Institutional Ownership by Quarter for CNO Financial Group (NYSE:CNO)

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