Balyasny Asset Management L.P. Invests $14.27 Million in CNO Financial Group, Inc. (NYSE:CNO)

Balyasny Asset Management L.P. bought a new position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 383,505 shares of the financial services provider's stock, valued at approximately $14,270,000. Balyasny Asset Management L.P. owned 0.37% of CNO Financial Group at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in shares of CNO Financial Group by 236.9% during the 4th quarter. Bank of America Corp DE now owns 922,411 shares of the financial services provider's stock worth $34,323,000 after purchasing an additional 648,591 shares during the period. Algert Global LLC lifted its position in shares of CNO Financial Group by 10.9% in the 4th quarter. Algert Global LLC now owns 164,527 shares of the financial services provider's stock worth $6,122,000 after acquiring an additional 16,126 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in shares of CNO Financial Group during the 4th quarter worth approximately $2,994,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of CNO Financial Group during the fourth quarter valued at approximately $803,000. Finally, Tudor Investment Corp ET AL acquired a new position in shares of CNO Financial Group in the fourth quarter valued at $391,000. 95.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CNO. 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 increased their price target on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. BMO Capital Markets began coverage on CNO Financial Group in a report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 price objective on the stock. Finally, Piper Sandler boosted their price target on CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $41.00.

Insider Buying and Selling

In other CNO Financial Group news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the business's stock in a transaction dated Friday, February 21st. The stock was 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. The trade was a 16.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott L. Goldberg sold 25,500 shares of the business's stock in a transaction that occurred on 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 transaction, the insider now owns 169,342 shares of the company's stock, valued at $6,792,307.62. This represents a 13.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 159,512 shares of company stock valued at $6,497,710 in the last 90 days. 3.00% of the stock is owned by insiders.

CNO Financial Group Price Performance

CNO traded up $0.03 during midday trading on Friday, hitting $37.72. The company had a trading volume of 738,298 shares, compared to its average volume of 711,766. CNO Financial Group, Inc. has a twelve month low of $26.36 and a twelve month high of $43.20. The company has a market capitalization of $3.74 billion, a PE ratio of 10.09 and a beta of 0.90. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. The firm's 50-day simple moving average is $39.18 and its 200-day simple moving average is $38.88.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.79 earnings per share (EPS) 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 firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $975.80 million. During the same quarter in the prior year, the business earned $0.52 EPS. The business's revenue for the quarter was down 13.2% compared to the same quarter last year. Equities research analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Increases Dividend

The company 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 represents a $0.68 dividend on an annualized basis and a dividend yield of 1.80%. This is an increase from CNO Financial Group's previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, June 10th. CNO Financial Group's dividend payout ratio (DPR) is currently 23.78%.

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.