Aquatic Capital Management LLC Boosts Stock Position in CNO Financial Group, Inc. (NYSE:CNO)

Aquatic Capital Management LLC increased its position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 99.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,149 shares of the financial services provider's stock after acquiring an additional 12,549 shares during the period. Aquatic Capital Management LLC's holdings in CNO Financial Group were worth $936,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CNO. Norges Bank bought a new position in shares of CNO Financial Group during the fourth quarter worth about $13,975,000. JPMorgan Chase & Co. increased its position in CNO Financial Group by 41.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,274,370 shares of the financial services provider's stock valued at $47,419,000 after purchasing an additional 372,701 shares during the period. American Century Companies Inc. raised its holdings in 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 purchasing an additional 282,611 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of CNO Financial Group by 37.1% in 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 purchasing an additional 181,711 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of CNO Financial Group by 21.6% in the 4th quarter. Invesco Ltd. now owns 899,226 shares of the financial services provider's stock valued at $33,460,000 after purchasing an additional 159,603 shares during the last quarter. Institutional investors own 95.43% of the company's stock.

Insider Buying and Selling at CNO Financial Group

In other CNO Financial Group news, insider Scott L. Goldberg sold 25,500 shares of CNO Financial Group 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 transaction, the insider now owns 169,342 shares of the company's stock, valued at $6,777,066.84. This trade represents a 13.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the company's 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 completion of the transaction, the general counsel now directly owns 204,143 shares of the company's stock, valued at approximately $8,186,134.30. This represents a 16.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 159,512 shares of company stock worth $6,497,710. Corporate insiders own 3.00% of the company's stock.

CNO Financial Group Stock Up 0.5 %

Shares of NYSE CNO traded up $0.18 during mid-day trading on Tuesday, reaching $37.53. 130,009 shares of the company's stock traded hands, compared to its average volume of 710,465. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. The business has a 50-day simple moving average of $39.47 and a 200 day simple moving average of $38.81. The stock has a market cap of $3.76 billion, a P/E ratio of 10.03 and a beta of 0.90. CNO Financial Group, Inc. has a 1-year low of $26.36 and a 1-year high of $43.20.

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

CNO Financial Group Increases Dividend

The business also recently declared 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 is a positive change from CNO Financial Group's previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Tuesday, June 10th. CNO Financial Group's dividend payout ratio is presently 22.38%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CNO. Royal Bank of Canada lifted their target price 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. BMO Capital Markets assumed coverage on CNO Financial Group in a research report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 price objective for the company. Piper Sandler upped their target price on CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods lifted their target price 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 equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus 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.