KLP Kapitalforvaltning AS Makes New Investment in CNO Financial Group, Inc. (NYSE:CNO)

KLP Kapitalforvaltning AS purchased a new position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,100 shares of the financial services provider's stock, valued at approximately $822,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of CNO Financial Group by 15.3% in the fourth quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider's stock worth $85,000 after acquiring an additional 304 shares during the last quarter. Principal Securities Inc. grew its position in CNO Financial Group by 51.6% during the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 325 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in CNO Financial Group by 1.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,647 shares of the financial services provider's stock valued at $795,000 after purchasing an additional 376 shares in the last quarter. HighTower Advisors LLC increased its stake in CNO Financial Group by 5.3% during the 4th quarter. HighTower Advisors LLC now owns 7,873 shares of the financial services provider's stock valued at $293,000 after purchasing an additional 394 shares in the last quarter. Finally, Corient Private Wealth LLC raised its holdings in CNO Financial Group by 2.6% in the fourth quarter. Corient Private Wealth LLC now owns 15,634 shares of the financial services provider's stock worth $582,000 after buying an additional 400 shares during the last quarter. Institutional investors own 95.43% of the company's stock.

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Analysts Set New Price Targets

CNO has been the subject of several analyst reports. Jefferies Financial Group raised their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods boosted their price target on CNO Financial Group from $42.00 to $44.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 12th. Royal Bank of Canada increased 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 boosted their target price on CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, BMO Capital Markets started coverage on shares of 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $41.00.

CNO Financial Group Stock Performance

Shares of CNO Financial Group stock traded down $2.80 on Thursday, hitting $39.57. 657,189 shares of the company's stock were exchanged, compared to its average volume of 707,112. CNO Financial Group, Inc. has a 1 year low of $24.92 and a 1 year high of $43.20. The company has a 50-day simple moving average of $40.63 and a 200-day simple moving average of $38.26. 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 has a market capitalization of $3.97 billion, a PE ratio of 10.58 and a beta of 1.02.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its 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 net margin of 9.08% and a return on equity of 17.20%. As a group, equities analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current 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 issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Monday, March 10th. CNO Financial Group's dividend payout ratio is currently 17.11%.

Insiders Place Their Bets

In related news, insider Jeremy David Williams sold 11,300 shares of CNO Financial Group stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $41.51, for a total transaction of $469,063.00. Following the sale, the insider now owns 65,299 shares of the company's stock, valued at approximately $2,710,561.49. This trade represents a 14.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Yvonne K. Franzese sold 2,013 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $42.18, for a total value of $84,908.34. Following the completion of the transaction, the insider now directly owns 26,994 shares in the company, valued at approximately $1,138,606.92. This represents a 6.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 159,512 shares of company stock worth $6,497,710. Corporate insiders own 3.00% of the company's stock.

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.