CNO Financial Group, Inc. $CNO Shares Bought by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC lifted its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 31.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 22,826 shares of the financial services provider’s stock after purchasing an additional 5,434 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in CNO Financial Group were worth $881,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Neo Ivy Capital Management acquired a new stake in CNO Financial Group in the first quarter valued at approximately $28,000. Turning Point Benefit Group Inc. acquired a new stake in shares of CNO Financial Group in the 2nd quarter valued at $32,000. Geneos Wealth Management Inc. lifted its position in shares of CNO Financial Group by 637.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,438 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 1,243 shares during the last quarter. CWM LLC grew its stake in shares of CNO Financial Group by 27.7% during the first quarter. CWM LLC now owns 3,007 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 653 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of CNO Financial Group during the first quarter worth $136,000. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

CNO Financial Group Stock Down 0.6%

CNO opened at $41.37 on Friday. CNO Financial Group, Inc. has a one year low of $34.63 and a one year high of $43.20. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a market capitalization of $3.94 billion, a P/E ratio of 15.27 and a beta of 0.94. The business’s 50-day simple moving average is $39.79 and its 200-day simple moving average is $38.51.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Friday, May 19th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter. The firm had revenue of $968.30 million during the quarter. CNO Financial Group had a return on equity of 16.63% and a net margin of 6.41%. Analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, December 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.6%. CNO Financial Group’s dividend payout ratio (DPR) is 23.78%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CNO. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CNO Financial Group in a report on Wednesday, October 8th. Wall Street Zen raised CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Keefe, Bruyette & Woods upped their price target on CNO Financial Group from $44.00 to $45.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, CNO Financial Group currently has an average rating of “Moderate Buy” and a consensus price target of $43.60.

Insider Activity at CNO Financial Group

In related news, CIO Eric R. Johnson sold 48,665 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $41.24, for a total value of $2,006,944.60. Following the completion of the sale, the executive owned 671,542 shares in the company, valued at $27,694,392.08. This represents a 6.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by insiders.

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.