CNO Financial Group, Inc. (NYSE:CNO) Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp raised its stake in CNO Financial Group, Inc. (NYSE:CNO) by 368.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 796 shares of the financial services provider’s stock after buying an additional 626 shares during the quarter. Jones Financial Companies Lllp’s holdings in CNO Financial Group were worth $30,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CNO. Smartleaf Asset Management LLC boosted its stake in CNO Financial Group by 95.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 417 shares during the period. Principal Securities Inc. boosted its stake in CNO Financial Group by 51.6% in the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 325 shares during the period. Sound Income Strategies LLC acquired a new position in CNO Financial Group in the fourth quarter valued at approximately $54,000. GAMMA Investing LLC boosted its stake in CNO Financial Group by 15.3% in the fourth quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 304 shares during the period. Finally, KBC Group NV boosted its stake in CNO Financial Group by 26.7% in the third quarter. KBC Group NV now owns 3,349 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 706 shares during the period. 95.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNO has been the topic of a number of recent analyst reports. BMO Capital Markets initiated coverage on CNO Financial Group in a report on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price target on the stock. Jefferies Financial Group lifted their price target on CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Royal Bank of Canada lifted their price target on CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Piper Sandler reaffirmed an “overweight” rating and set a $46.00 price target (up previously from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. Finally, Keefe, Bruyette & Woods lifted their price target on CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $40.50.

Insider Activity at CNO Financial Group

In related news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $40.10, for a total value of $1,636,080.00. Following the transaction, the general counsel now directly owns 204,143 shares in the company, valued at $8,186,134.30. This represents a 16.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Scott L. Goldberg sold 25,500 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $40.02, for a total transaction of $1,020,510.00. Following the completion of the transaction, the insider now owns 169,342 shares in the company, valued at $6,777,066.84. This represents a 13.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 132,600 shares of company stock valued at $5,372,187 over the last quarter. 3.00% of the stock is owned by company insiders.

CNO Financial Group Trading Up 1.3 %

Shares of NYSE:CNO opened at $41.28 on Thursday. The stock has a market capitalization of $4.16 billion, a PE ratio of 11.04 and a beta of 1.02. CNO Financial Group, Inc. has a 1 year low of $24.92 and a 1 year high of $42.41. The firm has a fifty day moving average price of $39.86 and a 200 day moving average price of $37.67. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61.

CNO Financial Group (NYSE:CNO) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. Analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.55%. CNO Financial Group’s payout ratio is currently 17.11%.

CNO Financial Group Company 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.