CNO Financial Group, Inc. (NYSE:CNO) Shares Acquired by Vident Advisory LLC

Vident Advisory LLC grew its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 115.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,026 shares of the financial services provider's stock after purchasing an additional 7,527 shares during the quarter. Vident Advisory LLC's holdings in CNO Financial Group were worth $522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its holdings in shares of CNO Financial Group by 368.2% during the 4th quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock worth $30,000 after acquiring an additional 626 shares during the period. Smartleaf Asset Management LLC raised its holdings 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 acquiring an additional 417 shares during the period. Principal Securities Inc. raised its holdings in shares of CNO Financial Group by 51.6% during the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock worth $36,000 after acquiring an additional 325 shares during the period. Headlands Technologies LLC raised its holdings in shares of CNO Financial Group by 193.2% during the 4th quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock worth $50,000 after acquiring an additional 881 shares during the period. Finally, Quarry LP raised its holdings in shares of CNO Financial Group by 137.8% during the 4th quarter. Quarry LP now owns 1,334 shares of the financial services provider's stock worth $50,000 after acquiring an additional 773 shares during the period. Institutional investors and hedge funds own 95.43% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Piper Sandler lifted their price target on CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. Royal Bank of Canada boosted their price objective on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a 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 issued 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.

Insider Activity at CNO Financial Group

In related news, insider Scott L. Goldberg sold 25,500 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $40.11, for a total value of $1,022,805.00. Following the completion of the transaction, the insider now directly owns 169,342 shares of the company's stock, valued at $6,792,307.62. This represents a 13.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeremy David Williams sold 3,393 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $41.77, for a total value of $141,725.61. Following the completion of the transaction, the insider now directly owns 56,599 shares of the company's stock, valued at $2,364,140.23. This trade represents a 5.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,912 shares of company stock valued at $3,168,838 over the last three months. 3.00% of the stock is owned by corporate insiders.

CNO Financial Group Stock Down 0.3%

Shares of CNO Financial Group stock traded down $0.12 on Friday, reaching $37.97. 615,966 shares of the company were exchanged, compared to its average volume of 710,527. The stock's 50 day moving average price is $38.51 and its 200-day moving average price is $38.99. 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 company has a market cap of $3.76 billion, a P/E ratio of 10.15 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 announced its quarterly 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 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%. The firm's quarterly revenue was down 13.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 earnings per share. As a group, equities analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current 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 issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.79%. This is an increase from CNO Financial Group's previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, June 10th. CNO Financial Group's dividend 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.