6,804 Shares in CNO Financial Group, Inc. (NYSE:CNO) Bought by Caprock Group LLC

Caprock Group LLC purchased a new stake in CNO Financial Group, Inc. (NYSE:CNO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 6,804 shares of the financial services provider’s stock, valued at approximately $253,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CNO. Sound Income Strategies LLC acquired a new stake in shares of CNO Financial Group in the fourth quarter valued at about $54,000. CWM LLC increased its position in shares of CNO Financial Group by 53.0% during the 3rd quarter. CWM LLC now owns 1,750 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 606 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of CNO Financial Group by 141.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 1,164 shares in the last quarter. KBC Group NV boosted its holdings in shares of CNO Financial Group by 26.7% in the 3rd quarter. KBC Group NV now owns 3,349 shares of the financial services provider’s stock valued at $118,000 after buying an additional 706 shares during the last quarter. Finally, Connable Office Inc. bought a new position in shares of CNO Financial Group in the third quarter valued at $207,000. 95.43% of the stock is owned by institutional investors.

CNO Financial Group Stock Performance

Shares of CNO stock opened at $39.92 on Friday. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 16.10 and a beta of 1.04. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. CNO Financial Group, Inc. has a 52 week low of $24.92 and a 52 week high of $40.91. The company has a 50-day simple moving average of $38.22 and a 200 day simple moving average of $36.00.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.25. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. On average, sell-side analysts predict that CNO Financial Group, Inc. will post 3.73 earnings per share for the current year.

CNO Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.60%. The ex-dividend date was Tuesday, December 10th. CNO Financial Group’s payout ratio is 25.81%.

Insider Transactions at CNO Financial Group

In other CNO Financial Group news, insider Jeremy David Williams sold 4,783 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 62,121 shares in the company, valued at $2,490,430.89. This trade represents a 7.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Rocco F. Tarasi III sold 4,500 shares of CNO Financial Group stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $37.51, for a total value of $168,795.00. Following the completion of the transaction, the chief marketing officer now directly owns 72,896 shares of the company’s stock, valued at $2,734,328.96. This represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,745 shares of company stock valued at $572,467. 3.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Jefferies Financial Group upped their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. BMO Capital Markets began coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 target price on the stock. Piper Sandler lifted their price target on CNO Financial Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Royal Bank of Canada upped their price objective on CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, CNO Financial Group currently has an average rating of “Hold” and an average target price of $37.17.

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.