KBC Group NV Boosts Holdings in CNO Financial Group, Inc. (NYSE:CNO)

KBC Group NV raised its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 49.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,990 shares of the financial services provider’s stock after buying an additional 1,641 shares during the quarter. KBC Group NV’s holdings in CNO Financial Group were worth $186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sound Income Strategies LLC bought a new stake in CNO Financial Group in the 4th quarter worth approximately $54,000. CWM LLC grew its holdings in shares of CNO Financial Group by 53.0% in the third quarter. CWM LLC now owns 1,750 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 606 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of CNO Financial Group by 141.8% in the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,164 shares in the last quarter. Connable Office Inc. bought a new stake in CNO Financial Group in the third quarter worth $207,000. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in CNO Financial Group during the third quarter valued at $209,000. Institutional investors own 95.43% of the company’s stock.

Insider Buying and Selling

In related news, CMO Rocco F. Tarasi III sold 1,484 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $38.02, for a total value of $56,421.68. Following the completion of the sale, the chief marketing officer now owns 79,896 shares in the company, valued at approximately $3,037,645.92. The trade was a 1.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CIO Eric R. Johnson sold 3,978 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $39.09, for a total value of $155,500.02. Following the completion of the transaction, the executive now directly owns 631,844 shares in the company, valued at approximately $24,698,781.96. This trade represents a 0.63 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 14,745 shares of company stock valued at $572,467. Insiders own 3.21% of the company’s stock.

CNO Financial Group Stock Performance

CNO Financial Group stock opened at $40.04 on Thursday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. The firm has a market capitalization of $4.13 billion, a P/E ratio of 16.14 and a beta of 1.04. CNO Financial Group, Inc. has a 1-year low of $24.92 and a 1-year high of $40.91. The company’s 50-day moving average is $38.22 and its 200 day moving average is $35.97.

CNO Financial Group Dividend Announcement

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

Analyst Upgrades and Downgrades

CNO has been the subject of a number of recent research reports. Jefferies Financial Group lifted their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Royal Bank of Canada lifted their price target on CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. BMO Capital Markets assumed coverage on CNO Financial Group in a research report on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price objective on the stock. Finally, Piper Sandler lifted their target price on CNO Financial Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. 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 company. Based on data from MarketBeat, CNO Financial Group currently has a consensus rating of “Hold” and a consensus target price of $37.17.

About CNO Financial Group

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.