Nomura Holdings Inc. Makes New $5.91 Million Investment in CNO Financial Group, Inc. (NYSE:CNO)

Nomura Holdings Inc. acquired a new stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 158,731 shares of the financial services provider's stock, valued at approximately $5,906,000. Nomura Holdings Inc. owned 0.15% of CNO Financial Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. grew its position in shares of CNO Financial Group by 3.1% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,285,783 shares of the financial services provider's stock valued at $159,474,000 after acquiring an additional 130,342 shares during the period. American Century Companies Inc. lifted its stake in shares of CNO Financial Group by 11.7% during the 4th quarter. American Century Companies Inc. now owns 2,687,861 shares of the financial services provider's stock worth $100,015,000 after buying an additional 282,611 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of CNO Financial Group by 41.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,274,370 shares of the financial services provider's stock worth $47,419,000 after buying an additional 372,701 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of CNO Financial Group by 236.9% during the 4th quarter. Bank of America Corp DE now owns 922,411 shares of the financial services provider's stock worth $34,323,000 after buying an additional 648,591 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of CNO Financial Group by 21.6% during the 4th quarter. Invesco Ltd. now owns 899,226 shares of the financial services provider's stock worth $33,460,000 after buying an additional 159,603 shares during the last quarter. Institutional investors own 95.43% of the company's stock.

Wall Street Analyst Weigh In

CNO has been the subject of a number of research reports. Royal Bank of Canada raised their target price 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. Keefe, Bruyette & Woods raised their target price on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 12th. Piper Sandler lifted their price objective on shares of CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Finally, BMO Capital Markets assumed 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 objective for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $41.00.

Insider Buying and Selling at CNO Financial Group

In other CNO Financial Group news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $40.10, for a total transaction of $1,636,080.00. Following the completion of the transaction, the general counsel now directly owns 204,143 shares in the company, valued at $8,186,134.30. The trade was a 16.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Scott L. Goldberg sold 25,500 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $40.02, for a total transaction of $1,020,510.00. Following the transaction, the insider now owns 169,342 shares of the company's stock, valued at approximately $6,777,066.84. This represents a 13.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 159,512 shares of company stock worth $6,497,710 over the last three months. Corporate insiders own 3.00% of the company's stock.

CNO Financial Group Stock Performance

CNO Financial Group stock traded up $0.11 during midday trading on Monday, hitting $38.78. The company's stock had a trading volume of 499,102 shares, compared to its average volume of 712,617. CNO Financial Group, Inc. has a 1-year low of $26.36 and a 1-year high of $43.20. 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 50-day moving average price of $39.09 and a two-hundred day moving average price of $39.02. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 10.37 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 (EPS) 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 for the quarter, compared to analyst estimates of $975.80 million. During the same quarter last year, the business posted $0.52 EPS. The firm's revenue for the quarter was down 13.2% on a year-over-year basis. 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.17 per share. This is an increase from CNO Financial Group's previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 1.75%. The ex-dividend date is Tuesday, June 10th. CNO Financial Group's payout ratio is currently 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.