DGS Capital Management LLC Has $304,000 Position in CNO Financial Group, Inc. (NYSE:CNO)

DGS Capital Management LLC lifted its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 11.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,170 shares of the financial services provider’s stock after purchasing an additional 863 shares during the period. DGS Capital Management LLC’s holdings in CNO Financial Group were worth $304,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CNO. Assenagon Asset Management S.A. increased its position in CNO Financial Group by 300.9% during the third quarter. Assenagon Asset Management S.A. now owns 1,199,040 shares of the financial services provider’s stock worth $42,086,000 after buying an additional 899,990 shares during the last quarter. FMR LLC increased its holdings 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 acquiring an additional 232,631 shares during the last quarter. Squarepoint Ops LLC raised its stake in CNO Financial Group by 346.9% in the 2nd quarter. Squarepoint Ops LLC now owns 197,648 shares of the financial services provider’s stock valued at $5,479,000 after acquiring an additional 153,424 shares during the period. Barclays PLC raised its stake in CNO Financial Group by 113.7% in the 3rd quarter. Barclays PLC now owns 219,141 shares of the financial services provider’s stock valued at $7,691,000 after acquiring an additional 116,617 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in CNO Financial Group by 6.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider’s stock valued at $66,676,000 after purchasing an additional 107,589 shares during the last quarter. 95.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In other CNO Financial Group news, insider Jeremy David Williams sold 4,783 shares of the company’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 completion of the sale, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CIO Eric R. Johnson sold 3,978 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $39.09, for a total value of $155,500.02. Following the completion of the sale, the executive now directly owns 631,844 shares in the company, valued at approximately $24,698,781.96. This represents a 0.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,745 shares of company stock valued at $572,467 over the last quarter. 3.00% of the stock is owned by company insiders.

CNO Financial Group Stock Performance

NYSE CNO opened at $38.84 on Friday. CNO Financial Group, Inc. has a 12-month low of $24.92 and a 12-month high of $40.91. The firm has a 50-day moving average price of $38.20 and a two-hundred day moving average price of $35.39. The company has a market capitalization of $4.01 billion, a P/E ratio of 15.66 and a beta of 1.04. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.29. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $945.44 million. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.88 earnings per share. Analysts anticipate that CNO Financial Group, Inc. will post 3.73 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Tuesday, December 10th. CNO Financial Group’s dividend payout ratio (DPR) is presently 25.81%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CNO. Royal Bank of Canada upped their price objective on shares of CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Piper Sandler increased their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Jefferies Financial Group boosted their price objective on CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Finally, BMO Capital Markets initiated coverage on CNO Financial Group in a research note on Thursday. They set a “market perform” rating and a $38.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.