Quantinno Capital Management LP Has $9.02 Million Stock Position in CNO Financial Group, Inc. $CNO

Quantinno Capital Management LP grew its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 26.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,598 shares of the financial services provider’s stock after buying an additional 45,248 shares during the quarter. Quantinno Capital Management LP’s holdings in CNO Financial Group were worth $9,017,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of CNO Financial Group in the 4th quarter worth about $18,297,000. Jain Global LLC acquired a new position in CNO Financial Group during the 4th quarter valued at about $17,996,000. Millennium Management LLC increased its holdings in CNO Financial Group by 190.3% during the 3rd quarter. Millennium Management LLC now owns 579,656 shares of the financial services provider’s stock worth $22,925,000 after purchasing an additional 379,984 shares in the last quarter. AQR Capital Management LLC increased its holdings in CNO Financial Group by 35.6% during the 4th quarter. AQR Capital Management LLC now owns 1,218,033 shares of the financial services provider’s stock worth $51,730,000 after purchasing an additional 319,795 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of CNO Financial Group by 20.5% in the fourth quarter. Morgan Stanley now owns 1,870,982 shares of the financial services provider’s stock worth $79,461,000 after purchasing an additional 317,690 shares during the last quarter. 95.43% of the stock is owned by institutional investors.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, CMO Rocco F. Tarasi III sold 5,750 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $50.00, for a total value of $287,500.00. Following the completion of the sale, the chief marketing officer directly owned 79,191 shares of the company’s stock, valued at $3,959,550. This trade represents a 6.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gary C. Bhojwani sold 86,048 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $51.48, for a total value of $4,429,751.04. Following the completion of the sale, the chief executive officer owned 174,264 shares in the company, valued at approximately $8,971,110.72. The trade was a 33.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 95,106 shares of company stock worth $4,879,343. 3.44% of the stock is owned by company insiders.

Analyst Ratings Changes

CNO has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their target price on CNO Financial Group from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday. Evercore set a $48.00 price target on CNO Financial Group and gave the stock an “in-line” rating in a report on Monday, June 1st. Weiss Ratings reissued a “buy (b)” rating on shares of CNO Financial Group in a research report on Friday, July 17th. Finally, Jefferies Financial Group cut CNO Financial Group from a “buy” rating to a “hold” rating and raised their price objective for the company from $53.00 to $55.00 in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $52.50.

CNO Financial Group Stock Performance

Shares of CNO stock opened at $55.34 on Wednesday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 19.02 and a beta of 0.81. CNO Financial Group, Inc. has a 52 week low of $35.56 and a 52 week high of $57.59. The firm’s 50-day simple moving average is $51.30 and its two-hundred day simple moving average is $45.80.

CNO Financial Group (NYSE:CNO) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.29. CNO Financial Group had a net margin of 6.02% and a return on equity of 18.76%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $999.45 million. During the same period in the prior year, the firm earned $0.87 EPS. The company’s revenue was up 11.6% compared to the same quarter last year. As a group, equities analysts forecast that CNO Financial Group, Inc. will post 4.43 earnings per share for the current year.

CNO Financial Group Company Profile

CNO Financial Group is an Indiana?based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health?related expenses. The company serves middle?income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.