Atria Wealth Solutions Inc. Makes New Investment in CNO Financial Group, Inc. (NYSE:CNO)

Atria Wealth Solutions Inc. acquired a new position in CNO Financial Group, Inc. (NYSE:CNO) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,756 shares of the financial services provider’s stock, valued at approximately $214,000.

Other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. raised its holdings in CNO Financial Group by 58.7% in the fourth quarter. Pacer Advisors Inc. now owns 24,580 shares of the financial services provider’s stock worth $915,000 after purchasing an additional 9,096 shares in the last quarter. Principal Financial Group Inc. raised its holdings in 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 purchasing an additional 107,589 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in CNO Financial Group by 69.8% in the third quarter. BNP Paribas Financial Markets now owns 39,946 shares of the financial services provider’s stock worth $1,402,000 after purchasing an additional 16,420 shares in the last quarter. Congress Asset Management Co. raised its holdings in CNO Financial Group by 5.9% in the fourth quarter. Congress Asset Management Co. now owns 157,004 shares of the financial services provider’s stock worth $5,842,000 after purchasing an additional 8,689 shares in the last quarter. Finally, Barclays PLC raised its holdings in CNO Financial Group by 113.7% in the third quarter. Barclays PLC now owns 219,141 shares of the financial services provider’s stock worth $7,691,000 after purchasing an additional 116,617 shares in the last quarter. Institutional investors own 95.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CNO shares. 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 reissued an “overweight” rating and issued a $46.00 target price (up from $44.00) on shares of CNO Financial Group in a research note on Monday, February 10th. Royal Bank of Canada increased their target price on CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Jefferies Financial Group increased their target price on CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods increased their target price on CNO Financial Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 12th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $40.50.

CNO Financial Group Trading Up 1.0 %

CNO Financial Group stock opened at $41.68 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. CNO Financial Group, Inc. has a one year low of $24.92 and a one year high of $42.02. The stock has a market capitalization of $4.20 billion, a PE ratio of 11.14 and a beta of 1.04. The business’s fifty day moving average is $39.11 and its 200 day moving average is $37.06.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 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%. On average, sell-side analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a dividend of $0.16 per share. The ex-dividend date is Monday, March 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.54%. CNO Financial Group’s dividend payout ratio (DPR) is presently 17.11%.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, CMO Rocco F. Tarasi III sold 1,484 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $38.02, for a total value of $56,421.68. Following the transaction, the chief marketing officer now directly owns 79,896 shares of the company’s stock, valued at approximately $3,037,645.92. This trade represents a 1.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $41.49, for a total value of $1,692,792.00. Following the completion of the transaction, the general counsel now directly owns 244,943 shares in the company, valued at $10,162,685.07. The trade was a 14.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,584 shares of company stock valued at $3,554,089 over the last ninety days. Insiders own 3.00% of the company’s stock.

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.