Corient Private Wealth LLC Grows Stock Position in CNO Financial Group, Inc. (NYSE:CNO)

Corient Private Wealth LLC boosted its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,634 shares of the financial services provider’s stock after buying an additional 400 shares during the quarter. Corient Private Wealth LLC’s holdings in CNO Financial Group were worth $582,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. FMR LLC boosted its stake in shares of CNO Financial Group by 28.8% during the 3rd quarter. FMR LLC now owns 1,040,619 shares of the financial services provider’s stock worth $36,526,000 after purchasing an additional 232,631 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in CNO Financial Group by 37.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 671,636 shares of the financial services provider’s stock worth $24,945,000 after purchasing an additional 181,711 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of CNO Financial Group during the fourth quarter valued at approximately $5,354,000. Barclays PLC grew its stake in shares of CNO Financial Group by 113.7% during the third quarter. Barclays PLC now owns 219,141 shares of the financial services provider’s stock valued at $7,691,000 after buying an additional 116,617 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of CNO Financial Group by 6.0% in the third quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider’s stock worth $66,676,000 after buying an additional 107,589 shares during the period. Institutional investors own 95.43% of the company’s stock.

Insiders Place Their Bets

In related news, insider Yvonne K. Franzese sold 2,097 shares of the business’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $42.56, for a total transaction of $89,248.32. Following the transaction, the insider now directly owns 30,321 shares in the company, valued at $1,290,461.76. The trade was a 6.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Scott L. Goldberg sold 25,500 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $40.02, for a total value of $1,020,510.00. Following the completion of the sale, the insider now owns 169,342 shares of the company’s stock, valued at approximately $6,777,066.84. This trade represents a 13.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 144,819 shares of company stock worth $5,886,922. 3.21% of the stock is owned by corporate insiders.

CNO Financial Group Price Performance

Shares of CNO opened at $41.46 on Friday. The stock has a market capitalization of $4.16 billion, a PE ratio of 11.09 and a beta of 1.02. The company has a 50 day moving average price of $40.45 and a 200-day moving average price of $38.02. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. CNO Financial Group, Inc. has a fifty-two week low of $24.92 and a fifty-two week high of $43.20.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.25. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. Equities analysts predict that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a $0.16 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.64 annualized dividend and a yield of 1.54%. CNO Financial Group’s dividend payout ratio (DPR) is presently 17.11%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Piper Sandler restated an “overweight” rating and set a $46.00 price objective (up previously from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. Keefe, Bruyette & Woods upped their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. BMO Capital Markets assumed coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price objective for the company. Royal Bank of Canada upped 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. Finally, Jefferies Financial Group boosted 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $40.50.

CNO Financial Group Company 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.