Norges Bank Purchases New Shares in CNO Financial Group, Inc. (NYSE:CNO)

Norges Bank bought a new stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 375,582 shares of the financial services provider's stock, valued at approximately $13,975,000. Norges Bank owned about 0.36% of CNO Financial Group at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Principal Securities Inc. raised its holdings in CNO Financial Group by 51.6% in the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock valued at $36,000 after buying an additional 325 shares during the last quarter. Pacer Advisors Inc. increased its position in CNO Financial Group by 58.7% in the 4th quarter. Pacer Advisors Inc. now owns 24,580 shares of the financial services provider's stock valued at $915,000 after acquiring an additional 9,096 shares during the period. Blue Trust Inc. raised its stake in shares of CNO Financial Group by 7.4% during the fourth quarter. Blue Trust Inc. now owns 6,737 shares of the financial services provider's stock valued at $236,000 after acquiring an additional 464 shares during the last quarter. KBC Group NV lifted its holdings in shares of CNO Financial Group by 49.0% during the fourth quarter. KBC Group NV now owns 4,990 shares of the financial services provider's stock worth $186,000 after purchasing an additional 1,641 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in shares of CNO Financial Group in the fourth quarter worth $903,000. 95.43% of the stock is owned by institutional investors and hedge funds.

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CNO Financial Group Trading Up 0.8 %

NYSE CNO traded up $0.31 during trading hours on Friday, hitting $36.82. 820,900 shares of the company's stock were exchanged, compared to its average volume of 716,248. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 9.84 and a beta of 0.90. The stock has a 50-day simple moving average of $40.25 and a 200 day simple moving average of $38.40. 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, Inc. has a 1-year low of $25.08 and a 1-year 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 EPS for the quarter, topping the consensus estimate of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. On average, equities analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a dividend of $0.16 per share. The ex-dividend date was Monday, March 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.74%. CNO Financial Group's dividend payout ratio is currently 17.11%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Piper Sandler raised 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, April 2nd. Royal Bank of Canada raised their price objective on CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods upped 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. Finally, BMO Capital Markets assumed coverage on shares of CNO Financial Group in a research report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, CNO Financial Group has an average rating of "Hold" and an average price target of $41.00.

Insider Transactions at CNO Financial Group

In other CNO Financial Group news, insider Scott L. Goldberg sold 25,500 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $40.11, for a total transaction of $1,022,805.00. Following the transaction, the insider now owns 169,342 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Also, insider Yvonne K. Franzese sold 8,109 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $42.00, for a total transaction of $340,578.00. Following the completion of the transaction, the insider now directly owns 38,540 shares in the company, valued at $1,618,680. This trade represents a 17.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 159,512 shares of company stock valued at $6,497,710 in the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

CNO Financial Group 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.