AlphaQuest LLC Cuts Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

AlphaQuest LLC lowered its stake in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 44.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,520 shares of the financial services provider's stock after selling 14,805 shares during the period. AlphaQuest LLC's holdings in CNO Financial Group were worth $689,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in CNO Financial Group by 368.2% during the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock worth $30,000 after purchasing an additional 626 shares during the period. Smartleaf Asset Management LLC raised its stake in CNO Financial Group by 95.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock worth $32,000 after purchasing an additional 417 shares during the period. Principal Securities Inc. raised its stake in CNO Financial Group by 51.6% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock worth $36,000 after purchasing an additional 325 shares during the period. Sound Income Strategies LLC purchased a new position in CNO Financial Group during the fourth quarter worth approximately $54,000. Finally, GAMMA Investing LLC raised its stake in shares of CNO Financial Group by 15.3% in the 4th 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 period. Hedge funds and other institutional investors own 95.43% of the company's stock.

Insiders Place Their Bets

In other CNO Financial Group news, CMO Rocco F. Tarasi III sold 4,500 shares of the firm's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $37.51, for a total transaction of $168,795.00. Following the completion of the transaction, the chief marketing officer now directly owns 72,896 shares of the company's stock, valued at $2,734,328.96. This trade represents a 5.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the firm's stock in a transaction on 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 transaction, the general counsel now directly owns 204,143 shares of the company's stock, valued at approximately $8,186,134.30. This represents a 16.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 138,584 shares of company stock valued at $5,597,404 in the last ninety days. Corporate insiders own 3.00% of the company's stock.

CNO Financial Group Price Performance

CNO opened at $39.02 on Wednesday. The company has a fifty day simple moving average of $39.49 and a 200 day simple moving average of $37.44. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 10.43 and a beta of 1.02. CNO Financial Group, Inc. has a twelve month low of $24.92 and a twelve month high of $42.41. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61.

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CNO Financial Group (NYSE:CNO - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share 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%. Equities research analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Monday, March 10th. CNO Financial Group's dividend payout ratio is currently 17.11%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CNO shares. Keefe, Bruyette & Woods raised their target price on shares of 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. BMO Capital Markets started coverage on shares of CNO Financial Group in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 target price on the stock. Jefferies Financial Group raised their target price on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a research note on Tuesday, December 10th. Royal Bank of Canada raised their target price on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $46.00 price target (up from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. One 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 presently has a consensus rating of "Hold" and a consensus target price of $40.50.

CNO Financial Group Company 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.

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