QRG Capital Management Inc. Purchases 4,766 Shares of CNO Financial Group, Inc. (NYSE:CNO)

QRG Capital Management Inc. grew its position in CNO Financial Group, Inc. (NYSE:CNO) by 6.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 77,327 shares of the financial services provider’s stock after buying an additional 4,766 shares during the period. QRG Capital Management Inc.’s holdings in CNO Financial Group were worth $2,714,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Blair William & Co. IL increased its position in CNO Financial Group by 2.1% in the first quarter. Blair William & Co. IL now owns 19,189 shares of the financial services provider’s stock worth $527,000 after purchasing an additional 399 shares during the period. State of Alaska Department of Revenue lifted its position in CNO Financial Group by 3.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 12,290 shares of the financial services provider’s stock valued at $431,000 after purchasing an additional 415 shares during the period. CWM LLC boosted its stake in shares of CNO Financial Group by 64.1% in the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 447 shares during the last quarter. Blue Trust Inc. grew its position in shares of CNO Financial Group by 25.4% during the 2nd quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock worth $66,000 after buying an additional 483 shares during the period. Finally, Point72 Hong Kong Ltd raised its stake in shares of CNO Financial Group by 1.8% during the second quarter. Point72 Hong Kong Ltd now owns 28,700 shares of the financial services provider’s stock worth $796,000 after buying an additional 511 shares during the last quarter. Institutional investors own 95.43% of the company’s stock.

Insider Transactions at CNO Financial Group

In related news, insider Jeanne L. Linnenbringer sold 5,435 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $34.26, for a total value of $186,203.10. Following the completion of the transaction, the insider now directly owns 37,663 shares in the company, valued at approximately $1,290,334.38. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Jeanne L. Linnenbringer sold 5,435 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $34.26, for a total value of $186,203.10. Following the sale, the insider now directly owns 37,663 shares of the company’s stock, valued at approximately $1,290,334.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeanne L. Linnenbringer sold 5,364 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $34.88, for a total value of $187,096.32. Following the transaction, the insider now owns 44,884 shares of the company’s stock, valued at approximately $1,565,553.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.21% of the stock is currently owned by insiders.

CNO Financial Group Trading Up 10.8 %

CNO opened at $39.69 on Thursday. The firm’s fifty day moving average is $34.63 and its two-hundred day moving average is $31.09. The firm has a market cap of $4.20 billion, a PE ratio of 16.00 and a beta of 1.01. CNO Financial Group, Inc. has a twelve month low of $24.14 and a twelve month high of $39.81. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $0.82 by $0.29. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $945.44 million. During the same quarter last year, the business posted $0.88 EPS. The firm’s revenue was up 19.2% compared to the same quarter last year. Equities research analysts anticipate that CNO Financial Group, Inc. will post 3.43 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CNO shares. Royal Bank of Canada raised their price objective on shares of CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday. Evercore ISI lifted their price objective on CNO Financial Group from $27.00 to $29.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 31st. Finally, Piper Sandler upped their price objective on CNO Financial Group from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, CNO Financial Group currently has a consensus rating of “Hold” and an average price target of $34.50.

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.