Uncommon Cents Investing LLC boosted its stake in CNO Financial Group, Inc. (NYSE:CNO – Free Report) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,235 shares of the financial services provider’s stock after acquiring an additional 640 shares during the quarter. Uncommon Cents Investing LLC’s holdings in CNO Financial Group were worth $790,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Quarry LP boosted its stake in shares of CNO Financial Group by 123.2% in the second quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 935 shares during the period. CWM LLC lifted its holdings in CNO Financial Group by 53.0% in the 3rd quarter. CWM LLC now owns 1,750 shares of the financial services provider’s stock worth $61,000 after buying an additional 606 shares in the last quarter. GAMMA Investing LLC boosted its position in CNO Financial Group by 141.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock valued at $70,000 after buying an additional 1,164 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of CNO Financial Group during the second quarter valued at about $89,000. Finally, KBC Group NV increased its position in shares of CNO Financial Group by 26.7% during the third quarter. KBC Group NV now owns 3,349 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 706 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. Jefferies Financial Group increased their price target on CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Piper Sandler increased their target price on CNO Financial Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada lifted their price target on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $37.00.
CNO Financial Group Trading Up 0.5 %
NYSE:CNO opened at $38.78 on Monday. The company has a market cap of $4.00 billion, a PE ratio of 15.64 and a beta of 1.04. The business’s 50 day moving average is $38.24 and its two-hundred day moving average is $35.05. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. CNO Financial Group, Inc. has a 52 week low of $24.92 and a 52 week high of $40.91.
CNO Financial Group (NYSE:CNO – Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.29. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $945.44 million. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The firm’s revenue was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 earnings per share. On average, analysts predict that CNO Financial Group, Inc. will post 3.73 EPS for the current year.
CNO Financial Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th were paid a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.65%. CNO Financial Group’s payout ratio is currently 25.81%.
Insider Activity
In other news, insider Jeremy David Williams sold 4,783 shares of CNO Financial Group stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $40.09, for a total transaction of $191,750.47. Following the sale, the insider now owns 62,121 shares of the company’s stock, valued at approximately $2,490,430.89. The trade was a 7.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CIO Eric R. Johnson sold 3,978 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $39.09, for a total value of $155,500.02. Following the completion of the sale, the executive now owns 631,844 shares in the company, valued at approximately $24,698,781.96. This represents a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,745 shares of company stock valued at $572,467. 3.21% of the stock is currently owned by insiders.
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.
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