Caprock Group LLC Invests $253,000 in CNO Financial Group, Inc. (NYSE:CNO)

Caprock Group LLC purchased a new position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,804 shares of the financial services provider's stock, valued at approximately $253,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CNO. GAMMA Investing LLC grew its position in CNO Financial Group by 15.3% during the fourth quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider's stock valued at $85,000 after acquiring an additional 304 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in CNO Financial Group by 1.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,647 shares of the financial services provider's stock worth $795,000 after acquiring an additional 376 shares during the period. State of Alaska Department of Revenue lifted its position in CNO Financial Group by 3.5% during the third quarter. State of Alaska Department of Revenue now owns 12,290 shares of the financial services provider's stock valued at $431,000 after buying an additional 415 shares during the period. Blue Trust Inc. lifted its position in 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 buying an additional 464 shares during the period. Finally, CWM LLC increased its holdings in shares of CNO Financial Group by 53.0% during the third quarter. CWM LLC now owns 1,750 shares of the financial services provider's stock valued at $61,000 after acquiring an additional 606 shares in the last quarter. 95.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CNO Financial Group

In other news, CMO Rocco F. Tarasi III sold 4,500 shares of the company's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $37.51, for a total value of $168,795.00. Following the transaction, the chief marketing officer now owns 72,896 shares in the company, valued at $2,734,328.96. This represents a 5.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CIO Eric R. Johnson sold 3,978 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $39.09, for a total value of $155,500.02. Following the completion of the transaction, the executive now owns 631,844 shares in the company, valued at $24,698,781.96. This represents a 0.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,962 shares of company stock valued at $380,717. Corporate insiders own 3.00% of the company's stock.

CNO Financial Group Stock Up 0.4 %

CNO traded up $0.17 during trading hours on Monday, hitting $41.25. 325,958 shares of the company's stock were exchanged, compared to its average volume of 483,926. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. The firm has a 50 day moving average of $38.24 and a 200 day moving average of $36.15. The firm has a market cap of $4.26 billion, a P/E ratio of 11.03 and a beta of 1.04. CNO Financial Group, Inc. has a 12-month low of $24.92 and a 12-month high of $41.54.

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 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 17.21%. Analysts predict that CNO Financial Group, Inc. will post 3.79 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were given a dividend of $0.16 per share. The ex-dividend date was Tuesday, December 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.55%. CNO Financial Group's payout ratio is currently 17.11%.

Analyst Ratings Changes

Several equities research analysts recently commented on CNO shares. Piper Sandler reiterated an "overweight" rating and issued a $46.00 price objective (up from $44.00) on shares of CNO Financial Group in a report on Monday. Jefferies Financial Group raised their target price 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. BMO Capital Markets began coverage on CNO Financial Group in a research report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 target price on the stock. Finally, Royal Bank of Canada raised their target price on CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, CNO Financial Group currently has a consensus rating of "Hold" and a consensus target price of $38.33.

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.