35,606 Shares in CNO Financial Group, Inc. (NYSE:CNO) Purchased by Bryce Point Capital LLC

Bryce Point Capital LLC acquired a new stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 35,606 shares of the financial services provider's stock, valued at approximately $1,325,000.

A number of other large investors have also modified their holdings of the company. Norges Bank purchased a new position in shares of CNO Financial Group in the 4th quarter valued at about $13,975,000. JPMorgan Chase & Co. increased its position in shares of CNO Financial Group by 41.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,274,370 shares of the financial services provider's stock valued at $47,419,000 after buying an additional 372,701 shares in the last quarter. American Century Companies Inc. raised its stake in shares of CNO Financial Group by 11.7% during the 4th quarter. American Century Companies Inc. now owns 2,687,861 shares of the financial services provider's stock worth $100,015,000 after buying an additional 282,611 shares during the period. FMR LLC raised its stake 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 worth $36,526,000 after buying an additional 232,631 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position 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. Institutional investors and hedge funds own 95.43% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CNO shares. 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 objective on the stock. Keefe, Bruyette & Woods increased 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 lifted their price target on CNO Financial Group from $36.00 to $41.00 and gave the stock a "hold" rating in a research note on Tuesday, December 10th. Piper Sandler increased their price objective on CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. Finally, Royal Bank of Canada lifted their target price on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $41.00.

CNO Financial Group Trading Down 2.9 %

NYSE CNO traded down $1.06 on Monday, reaching $35.74. 391,293 shares of the company were exchanged, compared to its average volume of 662,695. 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 business's fifty day moving average price is $40.61 and its 200 day moving average price is $38.34. The stock has a market capitalization of $3.58 billion, a P/E ratio of 9.56 and a beta of 0.90. CNO Financial Group, Inc. has a fifty-two week low of $24.92 and a fifty-two week high of $43.20.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its quarterly earnings data 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 net margin of 9.08% and a return on equity of 17.20%. Analysts forecast that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a $0.16 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.79%. CNO Financial Group's dividend payout ratio is currently 17.11%.

Insider Activity

In related news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $41.49, for a total value of $1,692,792.00. Following the sale, the general counsel now directly owns 244,943 shares in the company, valued at approximately $10,162,685.07. The trade was a 14.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Scott L. Goldberg sold 25,500 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $40.11, for a total transaction of $1,022,805.00. Following the transaction, the insider now directly owns 169,342 shares of the company's stock, valued at approximately $6,792,307.62. This trade represents a 13.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,512 shares of company stock valued at $6,497,710 in the last quarter. 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.