Deutsche Bank AG Purchases 29,972 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Deutsche Bank AG boosted its stake in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 36.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,498 shares of the financial services provider's stock after buying an additional 29,972 shares during the period. Deutsche Bank AG owned approximately 0.11% of CNO Financial Group worth $4,149,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Corton Capital Inc. bought a new position in CNO Financial Group during the 4th quarter valued at approximately $225,000. Balyasny Asset Management L.P. bought a new position in CNO Financial Group during the 4th quarter valued at approximately $14,270,000. Bank of America Corp DE increased its holdings in shares of CNO Financial Group by 236.9% in 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 in the last quarter. Algert Global LLC increased its holdings 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 purchasing an additional 16,126 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of CNO Financial Group in the 4th quarter worth $2,994,000. Institutional investors own 95.43% of the company's stock.

Insider Activity at CNO Financial Group

In other news, insider Yvonne K. Franzese sold 2,097 shares of the business's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $42.56, for a total value of $89,248.32. Following the transaction, the insider now directly owns 30,321 shares in the company, valued at $1,290,461.76. The trade was a 6.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott L. Goldberg sold 25,500 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $40.02, for a total value of $1,020,510.00. Following the completion of the transaction, the insider now owns 169,342 shares in the company, valued at $6,777,066.84. The trade was a 13.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,912 shares of company stock worth $3,168,838. Corporate insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

CNO has been the subject of a number of research analyst reports. 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. Piper Sandler raised their price target on CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Finally, Royal Bank of Canada raised their price target on CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. One equities research 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 data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $41.00.

CNO Financial Group Stock Performance

NYSE CNO traded down $0.09 on Friday, hitting $37.18. 498,753 shares of the company traded hands, compared to its average volume of 714,563. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 9.94 and a beta of 0.90. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61. The business's 50 day moving average price is $38.90 and its 200-day moving average price is $39.05. CNO Financial Group, Inc. has a 52-week low of $26.36 and a 52-week high of $43.20.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its earnings results on Monday, April 28th. The financial services provider reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. The company had revenue of $1 billion for 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%. CNO Financial Group's quarterly revenue was down 13.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 earnings per share. Equities analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, June 10th. This is an increase from CNO Financial Group's previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 1.83%. CNO Financial Group's payout ratio is 23.78%.

About CNO Financial Group

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.