CNO Financial Group, Inc. (NYSE:CNO) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,391 shares of the financial services provider’s stock after purchasing an additional 3,064 shares during the quarter. QRG Capital Management Inc.’s holdings in CNO Financial Group were worth $2,991,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CNO. Pacer Advisors Inc. raised its position in CNO Financial Group by 58.7% during the 4th quarter. Pacer Advisors Inc. now owns 24,580 shares of the financial services provider’s stock worth $915,000 after buying an additional 9,096 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of CNO Financial Group by 6.0% in 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 acquiring an additional 107,589 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of 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 acquiring an additional 16,420 shares during the period. Congress Asset Management Co. raised its holdings in shares of CNO Financial Group by 5.9% during 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 during the last quarter. Finally, Allianz Asset Management GmbH lifted its position in CNO Financial Group by 1.3% during the fourth quarter. Allianz Asset Management GmbH now owns 848,407 shares of the financial services provider’s stock valued at $31,569,000 after purchasing an additional 10,846 shares during the period. Institutional investors and hedge funds own 95.43% of the company’s stock.

CNO Financial Group Stock Up 1.0 %

Shares of CNO opened at $41.68 on Friday. The firm has a market cap of $4.20 billion, a P/E ratio of 11.14 and a beta of 1.04. CNO Financial Group, Inc. has a 12 month low of $24.92 and a 12 month high of $42.02. The stock’s 50 day moving average is $39.11 and its two-hundred day moving average is $37.06. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61.

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 analysts’ consensus estimates of $1.06 by $0.25. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. 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 will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a $0.16 dividend. 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 17.11%.

Analysts Set New Price Targets

Several brokerages have weighed in on CNO. BMO Capital Markets initiated coverage on CNO Financial Group in a research report on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price target on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $46.00 target price (up from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. Keefe, Bruyette & Woods boosted their price target on CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. Jefferies Financial Group raised 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. Finally, Royal Bank of Canada lifted their target price on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, February 10th. One 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $40.50.

Insider Buying and Selling

In other CNO Financial Group news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $40.10, for a total transaction of $1,636,080.00. Following the completion of the transaction, the general counsel now owns 204,143 shares of the company’s stock, valued at $8,186,134.30. This represents a 16.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Rocco F. Tarasi III sold 1,484 shares of CNO Financial Group 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 directly owns 79,896 shares in the company, valued at $3,037,645.92. This represents a 1.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 87,584 shares of company stock worth $3,554,089 in the last 90 days. Insiders own 3.00% of the company’s stock.

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.