13,677 Shares in CNO Financial Group, Inc. (NYSE:CNO) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,677 shares of the financial services provider's stock, valued at approximately $509,000.

Several other institutional investors and hedge funds have also bought and sold shares of CNO. Allianz Asset Management GmbH raised its stake in shares of CNO Financial Group by 1.3% during the 4th quarter. Allianz Asset Management GmbH now owns 848,407 shares of the financial services provider's stock worth $31,569,000 after purchasing an additional 10,846 shares in the last quarter. Handelsbanken Fonder AB raised its position in CNO Financial Group by 13.7% during the fourth quarter. Handelsbanken Fonder AB now owns 25,755 shares of the financial services provider's stock worth $958,000 after acquiring an additional 3,100 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new stake in CNO Financial Group in the fourth quarter valued at $214,000. Principal Securities Inc. increased its stake in shares of CNO Financial Group by 51.6% during the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock worth $36,000 after purchasing an additional 325 shares during the last quarter. Finally, Congress Asset Management Co. raised its holdings in shares of CNO Financial Group by 5.9% in the 4th quarter. Congress Asset Management Co. now owns 157,004 shares of the financial services provider's stock valued at $5,842,000 after purchasing an additional 8,689 shares during the period. Institutional investors own 95.43% of the company's stock.

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CNO Financial Group Stock Performance

NYSE CNO traded up $0.67 during trading on Wednesday, reaching $40.83. The company's stock had a trading volume of 857,293 shares, compared to its average volume of 654,797. The firm has a 50 day moving average price of $39.27 and a 200 day moving average price of $37.21. CNO Financial Group, Inc. has a 12 month low of $24.92 and a 12 month high of $42.41. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 10.92 and a beta of 1.04. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (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%. As a group, equities analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Monday, March 10th. CNO Financial Group's payout ratio is currently 17.11%.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the firm's 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 transaction, the general counsel now directly owns 204,143 shares of the company's stock, valued at $8,186,134.30. This trade represents a 16.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Rocco F. Tarasi III sold 1,484 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $38.02, for a total transaction of $56,421.68. Following the completion of the transaction, the chief marketing officer now owns 79,896 shares of the company's stock, valued at $3,037,645.92. The trade was 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 valued at $3,554,089 over the last quarter. 3.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Jefferies Financial Group boosted their price target on CNO Financial Group from $36.00 to $41.00 and gave the stock a "hold" rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods increased their price target on CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. Royal Bank of Canada lifted their price objective on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. BMO Capital Markets initiated coverage on shares of CNO Financial Group in a research report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 price objective on the stock. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $46.00 target price (up previously from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, CNO Financial Group presently has an average rating of "Hold" and an average price target of $40.50.

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.