CANADA LIFE ASSURANCE Co Acquires 9,772 Shares of CNO Financial Group, Inc. (NYSE:CNO)

CANADA LIFE ASSURANCE Co raised its position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 107,921 shares of the financial services provider's stock after acquiring an additional 9,772 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.10% of CNO Financial Group worth $4,015,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CNO. Jones Financial Companies Lllp raised its holdings in CNO Financial Group by 368.2% during the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 626 shares during the period. Smartleaf Asset Management LLC increased its holdings in CNO Financial Group by 95.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 417 shares during the last quarter. Principal Securities Inc. lifted its stake in CNO Financial Group by 51.6% in the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock worth $36,000 after purchasing an additional 325 shares in the last quarter. Headlands Technologies LLC boosted its holdings in shares of CNO Financial Group by 193.2% during the 4th quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock valued at $50,000 after purchasing an additional 881 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new position in shares of CNO Financial Group during the fourth quarter valued at about $54,000. 95.43% of the stock is owned by hedge funds and other institutional investors.

CNO Financial Group Trading Down 0.2 %

Shares of CNO Financial Group stock traded down $0.06 during trading on Wednesday, hitting $37.95. The stock had a trading volume of 1,276,793 shares, compared to its average volume of 709,986. The stock has a market cap of $3.81 billion, a PE ratio of 10.15 and a beta of 0.90. CNO Financial Group, Inc. has a 12 month low of $26.29 and a 12 month high of $43.20. The firm's fifty day simple moving average is $39.64 and its 200-day simple moving average is $38.74. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced 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. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $975.80 million. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. The firm's quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 earnings per share. As a group, sell-side analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a $0.16 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.69%. CNO Financial Group's payout ratio is 22.38%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. BMO Capital Markets started coverage on CNO Financial Group in a report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 price target for the company. 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. Piper Sandler increased their price target on shares of CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods lifted 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. One 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 company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $41.00.

Insider Transactions at CNO Financial Group

In other CNO Financial Group news, insider Yvonne K. Franzese sold 2,013 shares of the firm's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $42.18, for a total transaction of $84,908.34. Following the transaction, the insider now directly owns 26,994 shares in the company, valued at $1,138,606.92. This trade represents a 6.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeremy David Williams sold 3,393 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $41.77, for a total value of $141,725.61. Following the completion of the sale, the insider now owns 56,599 shares of the company's stock, valued at $2,364,140.23. This represents a 5.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 159,512 shares of company stock worth $6,497,710. 3.38% of the stock is currently owned by insiders.

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.