13,593 Shares in CNO Financial Group, Inc. (NYSE:CNO) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,593 shares of the financial services provider's stock, valued at approximately $506,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new position in CNO Financial Group during the fourth quarter valued at approximately $822,000. Hillsdale Investment Management Inc. increased its stake in shares of 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 worth $4,822,000 after purchasing an additional 500 shares during the last quarter. Sei Investments Co. raised its holdings in shares of CNO Financial Group by 22.5% during the 4th quarter. Sei Investments Co. now owns 168,252 shares of the financial services provider's stock valued at $6,261,000 after purchasing an additional 30,916 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of CNO Financial Group by 11.7% in the 4th quarter. American Century Companies Inc. now owns 2,687,861 shares of the financial services provider's stock valued at $100,015,000 after purchasing an additional 282,611 shares during the last quarter. Finally, Kiker Wealth Management LLC bought a new stake in CNO Financial Group in the fourth quarter worth $1,818,000. 95.43% of the stock is owned by hedge funds and other institutional investors.

CNO Financial Group Stock Performance

Shares of CNO traded down $0.81 during trading hours on Friday, reaching $41.46. 704,562 shares of the company traded hands, compared to its average volume of 706,293. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. The stock's fifty day moving average is $40.45 and its 200 day moving average is $38.06. CNO Financial Group, Inc. has a 1-year low of $24.92 and a 1-year high of $43.20. The stock has a market cap of $4.16 billion, a P/E ratio of 11.09 and a beta of 1.02.

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CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings results 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%. Equities research analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CNO shares. Keefe, Bruyette & Woods raised their target price 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 CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a research note on Tuesday, December 10th. BMO Capital Markets started coverage on CNO Financial Group in a report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 target price for the company. Royal Bank of Canada increased their price target on CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Finally, Piper Sandler reissued an "overweight" rating and set a $46.00 price objective (up previously from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $40.50.

Insider Buying and Selling

In related news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $40.10, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott L. Goldberg sold 25,500 shares of CNO Financial Group stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $40.02, for a total value of $1,020,510.00. Following the sale, the insider now directly owns 169,342 shares in the company, valued at $6,777,066.84. The trade was a 13.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 144,819 shares of company stock valued at $5,886,922 over the last ninety days. 3.21% of the stock is 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.