EntryPoint Capital LLC Invests $431,000 in CNO Financial Group, Inc. (NYSE:CNO)

EntryPoint Capital LLC bought a new stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 11,573 shares of the financial services provider's stock, valued at approximately $431,000.

Several other institutional investors also recently bought and sold shares of the stock. Prudential Financial Inc. grew its holdings in shares of CNO Financial Group by 51.6% in the fourth quarter. Prudential Financial Inc. now owns 253,131 shares of the financial services provider's stock worth $9,419,000 after purchasing an additional 86,193 shares during the last quarter. LPL Financial LLC boosted its position in shares of CNO Financial Group by 5.1% during the fourth quarter. LPL Financial LLC now owns 18,679 shares of the financial services provider's stock valued at $695,000 after purchasing an additional 907 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of CNO Financial Group in the 4th quarter worth about $506,000. KLP Kapitalforvaltning AS bought a new position in shares of CNO Financial Group in the 4th quarter worth about $822,000. Finally, Hillsdale Investment Management Inc. lifted its position in CNO Financial Group by 0.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 129,600 shares of the financial services provider's stock valued at $4,822,000 after acquiring an additional 500 shares during the period. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

CNO Financial Group Stock Performance

CNO Financial Group stock traded down $0.81 during mid-day trading on Friday, reaching $41.46. 704,562 shares of the stock traded hands, compared to its average volume of 706,293. The stock has a market capitalization of $4.16 billion, a PE ratio of 11.09 and a beta of 1.02. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. The business's 50-day moving average is $40.45 and its 200-day moving average is $38.06. CNO Financial Group, Inc. has a 12-month low of $24.92 and a 12-month high of $43.20.

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CNO Financial Group (NYSE:CNO - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, topping 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%. As a group, sell-side analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Monday, March 10th. CNO Financial Group's dividend payout ratio is currently 17.11%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CNO. Royal Bank of Canada raised their price objective on CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Piper Sandler reissued an "overweight" rating and set a $46.00 price target (up previously from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. Keefe, Bruyette & Woods upped their price objective on CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a research report on Wednesday, February 12th. Jefferies Financial Group lifted their target price 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 began coverage on CNO Financial Group in a report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $40.50.

Insiders Place Their Bets

In other news, insider Yvonne K. Franzese sold 2,013 shares of the business's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $42.18, for a total value of $84,908.34. Following the transaction, the insider now directly owns 26,994 shares in the company, valued at $1,138,606.92. The trade was a 6.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $40.10, for a total value of $1,636,080.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 144,819 shares of company stock worth $5,886,922 over the last three months. 3.21% of the stock is currently owned by company insiders.

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.