CNO Financial Group, Inc. (NYSE:CNO) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC decreased its holdings in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 20.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,231 shares of the financial services provider's stock after selling 6,465 shares during the quarter. CIBC Private Wealth Group LLC's holdings in CNO Financial Group were worth $937,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CNO. Cerity Partners LLC raised its position in shares of CNO Financial Group by 53.1% during the 3rd quarter. Cerity Partners LLC now owns 12,040 shares of the financial services provider's stock worth $423,000 after purchasing an additional 4,178 shares during the last quarter. FMR LLC grew its holdings in shares of CNO Financial Group by 28.8% during the third 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 in the last quarter. BNP Paribas Financial Markets raised its position in shares of CNO Financial Group by 69.8% in the third quarter. BNP Paribas Financial Markets now owns 39,946 shares of the financial services provider's stock valued at $1,402,000 after buying an additional 16,420 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of 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 buying an additional 376 shares in the last quarter. Finally, Verition Fund Management LLC boosted its position in CNO Financial Group by 31.3% during the third quarter. Verition Fund Management LLC now owns 16,435 shares of the financial services provider's stock worth $577,000 after acquiring an additional 3,914 shares during the last quarter. 95.43% of the stock is owned by institutional investors and hedge funds.

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CNO Financial Group Stock Performance

CNO traded up $1.29 during trading on Tuesday, hitting $37.49. The stock had a trading volume of 127,514 shares, compared to its average volume of 668,124. The firm has a market capitalization of $3.76 billion, a P/E ratio of 10.01 and a beta of 0.90. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. CNO Financial Group, Inc. has a twelve month low of $24.92 and a twelve month high of $43.20. The company's 50-day moving average price is $40.54 and its 200 day moving average price is $38.34.

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

CNO Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a $0.16 dividend. 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 1.71%. CNO Financial Group's dividend payout ratio is presently 17.11%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CNO shares. 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 note on Wednesday, April 2nd. Jefferies Financial Group boosted their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods increased their price objective on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 12th. Royal Bank of Canada boosted their price target 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. Finally, BMO Capital Markets initiated coverage on CNO Financial Group in a report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 target price for the company. 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. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $41.00.

Insider Activity at CNO Financial Group

In other news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $41.49, for a total transaction of $1,692,792.00. Following the completion of the transaction, the general counsel now directly owns 244,943 shares of the company's stock, valued at $10,162,685.07. This trade represents a 14.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Yvonne K. Franzese sold 2,013 shares of the business's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $42.18, for a total value of $84,908.34. Following the completion of the transaction, the insider now directly owns 26,994 shares of the company's stock, valued at approximately $1,138,606.92. This trade represents a 6.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 159,512 shares of company stock worth $6,497,710 over the last 90 days. Company insiders own 3.00% of the company's stock.

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.