CNO Financial Group, Inc. (NYSE:CNO) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. lifted its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 7.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,737 shares of the financial services provider’s stock after acquiring an additional 464 shares during the period. Blue Trust Inc.’s holdings in CNO Financial Group were worth $236,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new stake in CNO Financial Group in the second quarter worth about $765,000. Creative Planning lifted its stake in shares of CNO Financial Group by 7.2% in the 2nd 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. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of CNO Financial Group in the second quarter valued at approximately $1,896,000. SG Americas Securities LLC boosted its holdings in shares of CNO Financial Group by 480.2% in the third quarter. SG Americas Securities LLC now owns 37,153 shares of the financial services provider’s stock valued at $1,304,000 after acquiring an additional 30,750 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of CNO Financial Group by 141.8% during the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 1,164 shares during the period. Institutional investors own 95.43% of the company’s stock.

Insider Buying and Selling

In other CNO Financial Group news, insider Jeremy David Williams sold 4,783 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $40.09, for a total value of $191,750.47. Following the completion of the sale, the insider now directly owns 62,121 shares of the company’s stock, valued at $2,490,430.89. The trade was a 7.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Rocco F. Tarasi III sold 1,484 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $38.02, for a total transaction of $56,421.68. Following the transaction, the chief marketing officer now directly owns 79,896 shares of the company’s stock, valued at approximately $3,037,645.92. This represents a 1.82 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,745 shares of company stock worth $572,467. 3.21% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

CNO Financial Group Stock Performance

CNO Financial Group stock opened at $39.38 on Tuesday. CNO Financial Group, Inc. has a fifty-two week low of $24.92 and a fifty-two week high of $40.91. The firm’s 50 day simple moving average is $38.24 and its 200-day simple moving average is $35.87. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market cap of $4.06 billion, a P/E ratio of 15.88 and a beta of 1.04.

CNO Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Tuesday, December 10th. CNO Financial Group’s dividend payout ratio (DPR) is 25.81%.

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.