CNO Financial Group, Inc. (NYSE:CNO) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. increased its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 58.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,580 shares of the financial services provider’s stock after buying an additional 9,096 shares during the quarter. Pacer Advisors Inc.’s holdings in CNO Financial Group were worth $915,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new stake in shares of CNO Financial Group in the fourth quarter valued at approximately $54,000. CWM LLC boosted its stake in 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 period. GAMMA Investing LLC boosted its stake in 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 during the period. KBC Group NV grew its position in CNO Financial Group by 26.7% during the 3rd quarter. KBC Group NV now owns 3,349 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 706 shares during the last quarter. Finally, Connable Office Inc. acquired a new position in CNO Financial Group in the third quarter valued at $207,000. Institutional investors and hedge funds own 95.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CNO. Royal Bank of Canada raised their price target on CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. BMO Capital Markets started coverage on CNO Financial Group in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 target price on the stock. Piper Sandler boosted their target price on CNO Financial Group from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, Jefferies Financial Group increased their price target on CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, CNO Financial Group presently has an average rating of “Hold” and a consensus target price of $37.17.

CNO Financial Group Stock Performance

Shares of CNO stock opened at $39.38 on Tuesday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. The stock has a 50 day simple moving average of $38.24 and a 200-day simple moving average of $35.87. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 15.88 and a beta of 1.04. CNO Financial Group, Inc. has a 12-month low of $24.92 and a 12-month high of $40.91.

CNO Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.63%. The ex-dividend date was Tuesday, December 10th. CNO Financial Group’s payout ratio is 25.81%.

Insider Buying and Selling at CNO Financial Group

In other news, CMO Rocco F. Tarasi III sold 4,500 shares of CNO Financial Group stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $37.51, for a total transaction of $168,795.00. Following the completion of the sale, the chief marketing officer now directly owns 72,896 shares in the company, valued at approximately $2,734,328.96. This trade represents a 5.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeremy David Williams sold 4,783 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $40.09, for a total transaction of $191,750.47. Following the completion of the sale, the insider now owns 62,121 shares in the company, valued at $2,490,430.89. This represents a 7.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,745 shares of company stock valued at $572,467. 3.21% of the stock is owned by company 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.