CNO Financial Group, Inc. (NYSE:CNO) Shares Bought by Algert Global LLC

Algert Global LLC raised its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 164,527 shares of the financial services provider's stock after buying an additional 16,126 shares during the period. Algert Global LLC owned about 0.16% of CNO Financial Group worth $6,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling at CNO Financial Group

In related news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $41.49, for a total value of $1,692,792.00. Following the transaction, the general counsel now directly owns 244,943 shares of the company's stock, valued at $10,162,685.07. This represents a 14.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeremy David Williams sold 3,393 shares of CNO Financial Group stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $41.77, for a total value of $141,725.61. Following the sale, the insider now directly owns 56,599 shares of the company's stock, valued at approximately $2,364,140.23. This represents a 5.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 159,512 shares of company stock worth $6,497,710. 3.00% of the stock is owned by corporate insiders.

CNO Financial Group Stock Up 0.1 %

Shares of CNO Financial Group stock traded up $0.03 during trading on Friday, reaching $37.72. The company's stock had a trading volume of 738,298 shares, compared to its average volume of 711,766. CNO Financial Group, Inc. has a 1-year low of $26.36 and a 1-year high of $43.20. The company has a 50-day simple moving average of $39.18 and a two-hundred day simple moving average of $38.85. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 10.09 and a beta of 0.90.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $975.80 million. During the same quarter last year, the company earned $0.52 earnings per share. The company's quarterly revenue was down 13.2% on a year-over-year basis. As a group, equities analysts forecast that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.17 per share. This is a positive change from CNO Financial Group's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.68 dividend on an annualized basis and a yield of 1.80%. CNO Financial Group's dividend payout ratio is presently 23.78%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CNO. Piper Sandler increased their target price on shares of CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods increased their price objective on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. Royal Bank of Canada boosted 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 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 on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $41.00.

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.