Algert Global LLC Purchases 16,126 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Algert Global LLC increased its position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 164,527 shares of the financial services provider's stock after acquiring an additional 16,126 shares during the quarter. Algert Global LLC owned about 0.16% of CNO Financial Group worth $6,122,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CNO. Norges Bank acquired a new position in CNO Financial Group during the 4th quarter valued at about $13,975,000. JPMorgan Chase & Co. lifted its holdings in CNO Financial Group by 41.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,274,370 shares of the financial services provider's stock valued at $47,419,000 after buying an additional 372,701 shares during the period. American Century Companies Inc. boosted its stake in CNO Financial Group by 11.7% in the fourth quarter. American Century Companies Inc. now owns 2,687,861 shares of the financial services provider's stock valued at $100,015,000 after acquiring an additional 282,611 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in CNO Financial Group by 37.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 671,636 shares of the financial services provider's stock worth $24,945,000 after acquiring an additional 181,711 shares during the period. Finally, Invesco Ltd. raised its position in shares of CNO Financial Group by 21.6% during the 4th quarter. Invesco Ltd. now owns 899,226 shares of the financial services provider's stock valued at $33,460,000 after acquiring an additional 159,603 shares during the last quarter. Institutional investors own 95.43% of the company's stock.

Insiders Place Their Bets

In other news, insider Jeremy David Williams sold 3,393 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $41.77, for a total transaction of $141,725.61. Following the completion of the transaction, the insider now directly owns 56,599 shares in the company, valued at $2,364,140.23. This represents a 5.66 % decrease in their position. The transaction 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 CNO Financial Group stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $40.11, for a total value of $1,022,805.00. Following the completion of the sale, the insider now directly owns 169,342 shares in the company, valued at approximately $6,792,307.62. This represents a 13.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 159,512 shares of company stock valued at $6,497,710 in the last quarter. 3.38% of the stock is currently owned by insiders.

CNO Financial Group Stock Up 3.0 %

CNO Financial Group stock opened at $38.22 on Monday. The company has a 50 day moving average of $39.54 and a 200-day moving average of $38.80. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61. CNO Financial Group, Inc. has a twelve month low of $26.36 and a twelve month high of $43.20. The stock has a market capitalization of $3.83 billion, a PE ratio of 10.22 and a beta of 0.90.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its earnings results on Monday, April 28th. The financial services provider reported $0.79 earnings per share for the quarter, hitting analysts' consensus estimates of $0.79. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $975.80 million. During the same period in the prior year, the business earned $0.52 EPS. The company's revenue for the quarter was down 13.2% compared to the same quarter last year. On average, equities research analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.78%. This is a positive change from CNO Financial Group's previous quarterly dividend of $0.16. CNO Financial Group's dividend payout ratio (DPR) is currently 22.38%.

Wall Street Analysts Forecast Growth

CNO has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their price target on CNO Financial Group from $42.00 to $44.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 12th. Piper Sandler boosted their target price on CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Royal Bank of Canada lifted their price objective on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Finally, BMO Capital Markets initiated coverage on shares of CNO Financial Group in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, CNO Financial Group has an average rating of "Hold" and an average price target of $41.00.

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.

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