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

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

A number of other hedge funds have also made changes to their positions in CNO. Principal Securities Inc. grew 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 valued at $36,000 after acquiring an additional 325 shares during the last quarter. Mariner LLC lifted its holdings in shares of CNO Financial Group by 6.7% in the fourth quarter. Mariner LLC now owns 6,116 shares of the financial services provider's stock valued at $228,000 after purchasing an additional 385 shares in the last quarter. HighTower Advisors LLC grew its position in shares of CNO Financial Group by 5.3% in the fourth quarter. HighTower Advisors LLC now owns 7,873 shares of the financial services provider's stock valued at $293,000 after purchasing an additional 394 shares during the last quarter. Corient Private Wealth LLC grew its position in shares of CNO Financial Group by 2.6% in the fourth quarter. Corient Private Wealth LLC now owns 15,634 shares of the financial services provider's stock valued at $582,000 after purchasing an additional 400 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of CNO Financial Group by 95.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock worth $32,000 after purchasing an additional 417 shares in the last quarter. Hedge funds and other institutional investors own 95.43% of the company's stock.

Insider Activity at CNO Financial Group

In related news, insider Yvonne K. Franzese sold 2,097 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $42.56, for a total transaction of $89,248.32. Following the completion of the sale, the insider now directly owns 30,321 shares of the company's stock, valued at approximately $1,290,461.76. This represents a 6.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott L. Goldberg sold 25,500 shares of the firm'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 directly owns 169,342 shares in the company, valued at $6,777,066.84. This trade represents a 13.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,912 shares of company stock worth $3,168,838. 3.00% of the stock is owned by insiders.

CNO Financial Group Trading Down 0.2%

CNO Financial Group stock traded down $0.09 during trading on Monday, hitting $37.18. The company's stock had a trading volume of 498,753 shares, compared to its average volume of 714,563. The stock's fifty day moving average is $38.90 and its 200 day moving average is $39.05. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. CNO Financial Group, Inc. has a 1-year low of $26.36 and a 1-year high of $43.20. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 9.94 and a beta of 0.90.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.79 earnings per share for the quarter, hitting analysts' consensus estimates 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 net margin of 9.08% and a return on equity of 17.20%. CNO Financial Group's revenue was down 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 earnings per share. As a group, equities research analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Increases Dividend

The company 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 $0.17 dividend. This is a positive change from CNO Financial Group's previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Tuesday, June 10th. CNO Financial Group's dividend payout ratio (DPR) is 23.78%.

Wall Street Analysts Forecast Growth

CNO has been the topic of a number of recent research reports. Piper Sandler upped their target price 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. Keefe, Bruyette & Woods upped 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. Finally, Royal Bank of Canada lifted their price objective on CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. 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 company's stock. According to MarketBeat, CNO Financial Group presently 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.