Hantz Financial Services Inc. Has $2.99 Million Stake in CNO Financial Group, Inc. (NYSE:CNO)

Hantz Financial Services Inc. cut its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 5.4% during the fourth quarter, Holdings Channel reports. The fund owned 80,258 shares of the financial services provider’s stock after selling 4,559 shares during the quarter. Hantz Financial Services Inc.’s holdings in CNO Financial Group were worth $2,986,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CNO. Renaissance Technologies LLC acquired a new position in shares of CNO Financial Group in the second quarter valued at $765,000. Sei Investments Co. grew its stake in CNO Financial Group by 12.2% in the 2nd quarter. Sei Investments Co. now owns 133,955 shares of the financial services provider’s stock valued at $3,713,000 after buying an additional 14,591 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in CNO Financial Group in the 2nd quarter valued at about $208,000. Creative Planning boosted its holdings in shares of CNO Financial Group by 7.2% during the second quarter. Creative Planning now owns 11,007 shares of the financial services provider’s stock worth $305,000 after acquiring an additional 742 shares during the period. Finally, Quarry LP grew its position in shares of CNO Financial Group by 123.2% in the second quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 935 shares during the last quarter. Institutional investors own 95.43% of the company’s stock.

CNO Financial Group Trading Up 0.7 %

CNO opened at $40.19 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. CNO Financial Group, Inc. has a twelve month low of $24.92 and a twelve month high of $40.91. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 16.21 and a beta of 1.04. The company has a 50-day simple moving average of $38.26 and a 200 day simple moving average of $35.65.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.29. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $945.44 million. During the same quarter last year, the business posted $0.88 EPS. The firm’s revenue for the quarter was up 19.2% on a year-over-year basis. Analysts predict that CNO Financial Group, Inc. will post 3.73 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Tuesday, December 10th. CNO Financial Group’s dividend payout ratio is presently 25.81%.

Insider Activity

In other CNO Financial Group news, CIO Eric R. Johnson sold 3,978 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $39.09, for a total value of $155,500.02. Following the completion of the transaction, the executive now owns 631,844 shares of the company’s stock, valued at $24,698,781.96. This represents a 0.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeremy David Williams sold 4,783 shares of CNO Financial Group stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $40.09, for a total value of $191,750.47. Following the sale, the insider now directly owns 62,121 shares in the company, valued at $2,490,430.89. The trade was a 7.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,745 shares of company stock worth $572,467. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. BMO Capital Markets initiated coverage on CNO Financial Group in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price target for the company. Royal Bank of Canada boosted their target price on shares of CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Jefferies Financial Group raised their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Finally, Piper Sandler boosted their price objective on shares of CNO Financial Group from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, CNO Financial Group currently has a consensus rating of “Hold” and a consensus price target of $37.17.

About CNO Financial Group

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.