Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 405,624 CNO Financial Group, Inc. (NYSE:CNO)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 405,624 shares of the financial services provider's stock, valued at approximately $15,093,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.39% of CNO Financial Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Securities Inc. increased its holdings 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 valued at $36,000 after purchasing an additional 325 shares during the last quarter. Pacer Advisors Inc. increased its holdings 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 valued at $915,000 after purchasing an additional 9,096 shares during the last quarter. Blue Trust Inc. grew its position in 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 acquiring an additional 464 shares during the period. KBC Group NV grew its position in CNO Financial Group by 49.0% in the fourth quarter. KBC Group NV now owns 4,990 shares of the financial services provider's stock worth $186,000 after acquiring an additional 1,641 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in CNO Financial Group in the fourth quarter worth approximately $903,000. Institutional investors and hedge funds own 95.43% of the company's stock.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, insider Jeremy David Williams sold 3,393 shares of the firm'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 sale, the insider now directly owns 56,599 shares in the company, valued at $2,364,140.23. This trade represents a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Yvonne K. Franzese sold 2,097 shares of the firm's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $42.56, for a total value of $89,248.32. Following the completion of the sale, the insider now owns 30,321 shares in the company, valued at approximately $1,290,461.76. This represents a 6.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,412 shares of company stock worth $2,146,033. Company insiders own 3.00% of the company's stock.

CNO Financial Group Trading Up 0.2%

Shares of CNO traded up $0.06 during midday trading on Tuesday, hitting $37.96. 74,974 shares of the stock were exchanged, compared to its average volume of 707,687. CNO Financial Group, Inc. has a 52-week low of $26.36 and a 52-week high of $43.20. The stock has a fifty day simple moving average of $38.42 and a 200 day simple moving average of $38.99. The firm has a market cap of $3.76 billion, a P/E ratio of 10.15 and a beta of 0.90. 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 (NYSE:CNO - Get Free Report) last released its earnings results on Monday, April 28th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.79. The firm had revenue of $1 billion during 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%. CNO Financial Group's revenue was down 13.2% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. On average, research analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal 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 issued a $0.17 dividend. The ex-dividend date is Tuesday, June 10th. 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 yield of 1.79%. CNO Financial Group's dividend payout ratio (DPR) is 23.78%.

Analysts Set New Price Targets

CNO has been the subject of several analyst reports. Piper Sandler increased their price objective on CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Royal Bank of Canada increased 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. Finally, Keefe, Bruyette & Woods raised 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. According to MarketBeat.com, the stock has a consensus 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.