Legato Capital Management LLC Invests $584,000 in CNO Financial Group, Inc. $CNO

Legato Capital Management LLC bought a new position in shares of CNO Financial Group, Inc. (NYSE:CNO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,761 shares of the financial services provider’s stock, valued at approximately $584,000.

Several other institutional investors and hedge funds have also made changes to their positions in CNO. Millennium Management LLC boosted its holdings in shares of 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 during the last quarter. Capitolis Liquid Global Markets LLC boosted its holdings in shares of CNO Financial Group by 384.9% during the 3rd quarter. Capitolis Liquid Global Markets LLC now owns 438,800 shares of the financial services provider’s stock worth $17,355,000 after purchasing an additional 348,300 shares during the last quarter. Retirement Systems of Alabama acquired a new position in shares of CNO Financial Group during the 3rd quarter worth approximately $11,857,000. Hudson Bay Capital Management LP acquired a new position in shares of CNO Financial Group during the 2nd quarter worth approximately $10,651,000. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of CNO Financial Group by 70.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 539,233 shares of the financial services provider’s stock worth $20,804,000 after purchasing an additional 223,633 shares during the last quarter. 95.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CNO has been the topic of a number of recent analyst reports. Evercore reiterated an “underperform” rating and issued a $43.00 price objective on shares of CNO Financial Group in a report on Wednesday, February 18th. Keefe, Bruyette & Woods upped their price objective on CNO Financial Group from $46.00 to $50.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of CNO Financial Group in a report on Monday, April 20th. Finally, Wall Street Zen cut CNO Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $47.50.

CNO Financial Group Trading Down 0.4%

CNO opened at $47.08 on Wednesday. CNO Financial Group, Inc. has a one year low of $35.24 and a one year high of $47.95. The stock has a market capitalization of $4.39 billion, a PE ratio of 18.91 and a beta of 0.82. The business’s 50 day moving average price is $43.52 and its 200 day moving average price is $42.44. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.17 and a current ratio of 0.17.

CNO Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be given a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 1.5%. CNO Financial Group’s dividend payout ratio is presently 27.31%.

Insider Transactions at CNO Financial Group

In other CNO Financial Group news, insider Scott L. Goldberg sold 11,060 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $39.97, for a total value of $442,068.20. Following the sale, the insider owned 214,524 shares of the company’s stock, valued at $8,574,524.28. The trade was a 4.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.44% of the stock is currently owned by insiders.

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.