24,261 Shares in CNO Financial Group, Inc. (NYSE:CNO) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in shares of CNO Financial Group, Inc. (NYSE:CNO) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 24,261 shares of the financial services provider’s stock, valued at approximately $903,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in CNO Financial Group by 58.7% during the fourth quarter. Pacer Advisors Inc. now owns 24,580 shares of the financial services provider’s stock worth $915,000 after purchasing an additional 9,096 shares during the last quarter. Principal Securities Inc. raised its holdings in CNO Financial Group by 51.6% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 325 shares during the last quarter. Blue Trust Inc. raised its holdings in CNO Financial Group by 7.4% during the fourth quarter. Blue Trust Inc. now owns 6,737 shares of the financial services provider’s stock worth $236,000 after purchasing an additional 464 shares during the last quarter. KBC Group NV raised its holdings in CNO Financial Group by 49.0% during the fourth quarter. KBC Group NV now owns 4,990 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 1,641 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in CNO Financial Group by 6.0% during the third quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider’s stock worth $66,676,000 after purchasing an additional 107,589 shares during the last quarter. 95.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, insider Scott L. Goldberg sold 25,500 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $40.02, for a total value of $1,020,510.00. Following the completion of the transaction, the insider now owns 169,342 shares of the company’s stock, valued at approximately $6,777,066.84. This represents a 13.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the stock in a transaction dated 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 completion of the transaction, the general counsel now directly owns 204,143 shares of the company’s stock, valued at $8,186,134.30. This represents a 16.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 132,600 shares of company stock worth $5,372,187. 3.00% of the stock is currently owned by corporate insiders.

CNO Financial Group Stock Performance

CNO Financial Group stock opened at $41.07 on Friday. The firm has a market capitalization of $4.12 billion, a P/E ratio of 10.98 and a beta of 1.02. The stock has a fifty day moving average price of $40.04 and a 200 day moving average price of $37.73. CNO Financial Group, Inc. has a 52 week low of $24.92 and a 52 week high of $42.41. 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 announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.06 by $0.25. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. Equities research analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.16 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.56%. CNO Financial Group’s dividend payout ratio (DPR) is currently 17.11%.

About CNO Financial Group

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.