Lighthouse Investment Partners LLC Has $10.70 Million Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Lighthouse Investment Partners LLC raised its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 54.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 287,581 shares of the financial services provider's stock after purchasing an additional 101,583 shares during the period. Lighthouse Investment Partners LLC owned 0.28% of CNO Financial Group worth $10,701,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in CNO Financial Group by 15.3% in the 4th quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider's stock valued at $85,000 after buying an additional 304 shares during the last quarter. Principal Securities Inc. lifted its position in CNO Financial Group by 51.6% during the fourth 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 last quarter. Mariner LLC boosted its holdings in shares of CNO Financial Group by 6.7% during the fourth quarter. Mariner LLC now owns 6,116 shares of the financial services provider's stock worth $228,000 after acquiring an additional 385 shares during the period. 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. Finally, Corient Private Wealth LLC increased its stake in shares of CNO Financial Group by 2.6% during the fourth quarter. Corient Private Wealth LLC now owns 15,634 shares of the financial services provider's stock worth $582,000 after purchasing an additional 400 shares during the period. 95.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In other CNO Financial Group news, insider Yvonne K. Franzese sold 8,109 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $42.00, for a total transaction of $340,578.00. Following the completion of the sale, the insider now directly owns 38,540 shares in the company, valued at $1,618,680. This represents a 17.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeremy David Williams sold 11,300 shares of the firm's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $41.51, for a total value of $469,063.00. Following the completion of the sale, the insider now directly owns 65,299 shares in the company, valued at approximately $2,710,561.49. This represents a 14.75% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 159,512 shares of company stock worth $6,497,710. Corporate insiders own 3.00% of the company's stock.

CNO Financial Group Price Performance

Shares of NYSE:CNO traded up $0.29 during trading on Thursday, reaching $38.74. 546,307 shares of the company traded hands, compared to its average volume of 711,496. The firm has a market capitalization of $3.84 billion, a PE ratio of 10.36 and a beta of 0.90. CNO Financial Group, Inc. has a 52 week low of $26.36 and a 52 week high of $43.20. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61. The company's 50 day moving average is $39.10 and its two-hundred day moving average is $38.90.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $975.80 million. During the same quarter in the prior year, the business posted $0.52 earnings per share. CNO Financial Group's revenue was down 13.2% compared to the same quarter last year. As a group, sell-side analysts predict that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Increases Dividend

The company also recently declared 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. This is a positive change from CNO Financial Group's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.68 annualized dividend and a dividend yield of 1.76%. CNO Financial Group's dividend payout ratio (DPR) is currently 23.78%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Piper Sandler boosted their price target 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 boosted their target price on shares of 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. BMO Capital Markets started coverage on shares of CNO Financial Group in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 price target on the stock. Finally, Royal Bank of Canada lifted their price objective on shares of 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 given a buy rating to the company. According to MarketBeat.com, the company 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.