iSAM Funds UK Ltd Invests $288,000 in CNO Financial Group, Inc. (NYSE:CNO)

iSAM Funds UK Ltd acquired a new position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,737 shares of the financial services provider's stock, valued at approximately $288,000.

Other institutional investors have also recently modified their holdings of the company. Principal Securities Inc. raised its stake in shares of CNO Financial Group by 51.6% in the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock worth $36,000 after purchasing an additional 325 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of CNO Financial Group by 58.7% in the fourth quarter. Pacer Advisors Inc. now owns 24,580 shares of the financial services provider's stock worth $915,000 after purchasing an additional 9,096 shares during the last quarter. Blue Trust Inc. raised its stake in shares of CNO Financial Group by 7.4% in the fourth quarter. Blue Trust Inc. now owns 6,737 shares of the financial services provider's stock worth $236,000 after purchasing an additional 464 shares during the last quarter. KBC Group NV raised its position in CNO Financial Group by 49.0% during the fourth quarter. KBC Group NV now owns 4,990 shares of the financial services provider's stock valued at $186,000 after acquiring an additional 1,641 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in CNO Financial Group during the fourth quarter valued at approximately $903,000. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CNO Financial Group news, insider Scott L. Goldberg sold 25,500 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $40.11, for a total transaction of $1,022,805.00. Following the transaction, the insider now owns 169,342 shares of the company's stock, valued at approximately $6,792,307.62. The trade was a 13.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Yvonne K. Franzese sold 8,109 shares of the business's stock in a transaction 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 transaction, the insider now directly owns 38,540 shares in the company, valued at $1,618,680. This trade represents a 17.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 118,712 shares of company stock valued at $4,804,918. Insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. BMO Capital Markets began coverage on CNO Financial Group in a research report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 price target for the company. Keefe, Bruyette & Woods boosted their price objective on CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a research report on Wednesday, February 12th. Royal Bank of Canada boosted their price objective on CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Finally, Piper Sandler boosted their price objective 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, CNO Financial Group has a consensus rating of "Hold" and a consensus target price of $41.00.

CNO Financial Group Stock Performance

Shares of NYSE:CNO opened at $39.21 on Wednesday. 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's 50 day moving average price is $39.10 and its 200-day moving average price is $39.04. The firm has a market capitalization of $3.89 billion, a PE ratio of 10.48 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 issued its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.79. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $975.80 million. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. The business's revenue was down 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 earnings per share. As a group, equities research analysts expect that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.68 dividend on an annualized basis and a yield of 1.73%. This is a positive change from CNO Financial Group's previous quarterly dividend of $0.16. CNO Financial Group's payout ratio is 23.78%.

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.

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