111 Capital Buys Shares of 11,433 CNO Financial Group, Inc. (NYSE:CNO)

111 Capital purchased a new stake in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 11,433 shares of the financial services provider's stock, valued at approximately $425,000.

Other institutional investors have also added to or reduced their stakes in the company. Principal Securities Inc. grew its holdings in CNO Financial Group by 51.6% during the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock valued at $36,000 after buying an additional 325 shares in the last quarter. Pacer Advisors Inc. grew its holdings in CNO Financial Group by 58.7% during the 4th quarter. Pacer Advisors Inc. now owns 24,580 shares of the financial services provider's stock valued at $915,000 after buying an additional 9,096 shares in the last quarter. Blue Trust Inc. grew its holdings in CNO Financial Group by 7.4% during the 4th quarter. Blue Trust Inc. now owns 6,737 shares of the financial services provider's stock valued at $236,000 after buying an additional 464 shares in the last quarter. KBC Group NV grew its holdings in CNO Financial Group by 49.0% during the 4th quarter. KBC Group NV now owns 4,990 shares of the financial services provider's stock valued at $186,000 after buying an additional 1,641 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in CNO Financial Group during the 4th quarter valued at approximately $903,000. Hedge funds and other institutional investors own 95.43% of the company's stock.

Insider Buying and Selling

In related news, insider Jeremy David Williams sold 11,300 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $41.51, for a total transaction of $469,063.00. Following the completion of the sale, the insider now directly owns 65,299 shares of the company's stock, valued at approximately $2,710,561.49. This trade represents a 14.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Yvonne K. Franzese sold 8,109 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $42.00, for a total value of $340,578.00. Following the sale, the insider now directly owns 38,540 shares of the company's stock, valued at $1,618,680. This represents a 17.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 52,412 shares of company stock valued at $2,146,033. Insiders own 3.00% of the company's stock.

CNO Financial Group Trading Up 0.9%

Shares of CNO Financial Group stock traded up $0.34 on Tuesday, reaching $38.24. The company had a trading volume of 446,667 shares, compared to its average volume of 709,688. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 10.23 and a beta of 0.90. 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 firm's 50-day moving average price is $38.34 and its two-hundred day moving average price is $38.98. 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 announced its earnings results on Monday, April 28th. The financial services provider reported $0.79 EPS for the quarter, hitting analysts' consensus estimates of $0.79. The firm had revenue of $1 billion during the quarter, compared to analysts' expectations 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. As a group, research analysts predict that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors 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. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Tuesday, June 10th. CNO Financial Group's dividend payout ratio (DPR) is currently 23.78%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CNO shares. Keefe, Bruyette & Woods raised their price target on CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a report on Wednesday, February 12th. Royal Bank of Canada lifted their target price on CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Finally, Piper Sandler lifted their target price on CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently 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.