Wealth Enhancement Advisory Services LLC raised its stake in shares of CNO Financial Group, Inc. (NYSE:CNO – Free Report) by 5.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,701 shares of the financial services provider’s stock after purchasing an additional 744 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in CNO Financial Group were worth $571,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in CNO. Jones Financial Companies Lllp lifted its holdings in CNO Financial Group by 368.2% during the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 626 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in CNO Financial Group by 95.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 417 shares during the period. UMB Bank n.a. increased its position in shares of CNO Financial Group by 89.7% during the first quarter. UMB Bank n.a. now owns 1,009 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 477 shares during the last quarter. Versant Capital Management Inc increased its position in shares of CNO Financial Group by 148.6% during the first quarter. Versant Capital Management Inc now owns 1,099 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 657 shares during the last quarter. Finally, Headlands Technologies LLC increased its position in shares of CNO Financial Group by 193.2% during the fourth quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 881 shares during the last quarter. 95.43% of the stock is owned by hedge funds and other institutional investors.
CNO Financial Group Stock Up 1.1%
Shares of NYSE:CNO opened at $38.27 on Friday. The firm has a 50 day simple moving average of $37.94 and a 200-day simple moving average of $38.78. CNO Financial Group, Inc. has a twelve month low of $27.60 and a twelve month high of $43.20. The company has a market capitalization of $3.79 billion, a PE ratio of 13.38 and a beta of 0.87. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.59.
CNO Financial Group Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were issued a dividend of $0.17 per share. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 1.78%. The ex-dividend date was Tuesday, June 10th. CNO Financial Group’s dividend payout ratio is presently 23.78%.
Wall Street Analyst Weigh In
Separately, Piper Sandler boosted their price target on shares of CNO Financial Group from $46.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $41.00.
Read Our Latest Stock Report on CNO
CNO Financial Group 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.
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