Proficio Capital Partners LLC Acquires Shares of 24,261 CNO Financial Group, Inc. (NYSE:CNO)

Proficio Capital Partners LLC acquired a new position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,261 shares of the financial services provider's stock, valued at approximately $903,000.

Several other institutional investors also recently modified their holdings of CNO. Principal Financial Group Inc. raised its position in CNO Financial Group by 6.0% during the third quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider's stock valued at $66,676,000 after purchasing an additional 107,589 shares in the last quarter. FMR LLC increased its position in shares of CNO Financial Group by 28.8% during the 3rd quarter. FMR LLC now owns 1,040,619 shares of the financial services provider's stock valued at $36,526,000 after purchasing an additional 232,631 shares during the last quarter. Allianz Asset Management GmbH increased its position 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 valued at $31,569,000 after purchasing an additional 10,846 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of CNO Financial Group by 37.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 671,636 shares of the financial services provider's stock valued at $24,945,000 after buying an additional 181,711 shares in the last quarter. Finally, Barclays PLC lifted its position in CNO Financial Group by 113.7% in the 3rd quarter. Barclays PLC now owns 219,141 shares of the financial services provider's stock worth $7,691,000 after buying an additional 116,617 shares during the last quarter. 95.43% of the stock is currently owned by institutional investors.

Remove Ads

Insider Buying and Selling

In related news, insider Scott L. Goldberg sold 25,500 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $40.11, for a total value of $1,022,805.00. Following the completion of the transaction, the insider now directly owns 169,342 shares of the company's stock, valued at $6,792,307.62. This represents a 13.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the firm's stock in a transaction dated 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 sale, the general counsel now owns 204,143 shares of the company's stock, valued at $8,186,134.30. This trade represents a 16.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 132,600 shares of company stock valued at $5,372,187 over the last quarter. 3.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. BMO Capital Markets started coverage on shares of CNO Financial Group in a research note on Thursday, January 23rd. They set a "market perform" rating and a $38.00 price target on the stock. Royal Bank of Canada increased 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. Jefferies Financial Group boosted their price target 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. Keefe, Bruyette & Woods raised their price objective 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. Finally, Piper Sandler reiterated an "overweight" rating and issued a $46.00 price objective (up previously from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, CNO Financial Group presently has an average rating of "Hold" and an average price target of $40.50.

CNO Financial Group Trading Up 0.1 %

Shares of CNO stock traded up $0.04 during mid-day trading on Tuesday, reaching $42.25. The stock had a trading volume of 624,265 shares, compared to its average volume of 655,189. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61. The stock's 50-day moving average price is $40.15 and its two-hundred day moving average price is $37.83. The firm has a market capitalization of $4.24 billion, a PE ratio of 11.30 and a beta of 1.02. CNO Financial Group, Inc. has a 52-week low of $24.92 and a 52-week high of $42.41.

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

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a dividend of $0.16 per share. 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 1.51%. CNO Financial Group's dividend payout ratio is presently 17.11%.

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.