Cibc World Markets Corp Buys New Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Cibc World Markets Corp purchased a new stake in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,856 shares of the financial services provider's stock, valued at approximately $367,000.

Other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in CNO Financial Group by 368.2% in the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 626 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in CNO Financial Group by 95.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 417 shares during the last quarter. Principal Securities Inc. lifted its stake in CNO Financial Group by 51.6% in the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 325 shares during the last quarter. Sound Income Strategies LLC bought a new position in CNO Financial Group during the fourth quarter valued at $54,000. Finally, GAMMA Investing LLC increased its position in CNO Financial Group by 15.3% in the fourth quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider's stock worth $85,000 after buying an additional 304 shares during the last quarter. Institutional investors own 95.43% of the company's stock.

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Insider Buying and Selling at CNO Financial Group

In related news, insider Yvonne K. Franzese sold 8,109 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $42.00, for a total value of $340,578.00. Following the sale, the insider now directly owns 38,540 shares of the company's stock, valued at $1,618,680. This trade represents a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Scott L. Goldberg sold 25,500 shares of CNO Financial Group stock in a transaction that occurred 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 sale, the insider now owns 169,342 shares of the company's stock, valued at approximately $6,792,307.62. The trade was a 13.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 142,806 shares of company stock valued at $5,802,013 in the last 90 days. Corporate insiders own 3.21% of the company's stock.

CNO Financial Group Price Performance

Shares of CNO stock traded down $0.11 during trading hours on Thursday, reaching $42.24. The stock had a trading volume of 561,231 shares, compared to its average volume of 655,149. The stock's fifty day simple moving average is $40.32 and its 200 day simple moving average is $37.93. 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 firm has a market capitalization of $4.24 billion, a PE ratio of 11.29 and a beta of 1.02. CNO Financial Group, Inc. has a 12 month low of $24.92 and a 12 month high of $43.20.

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 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%. On average, equities research analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid 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 yield of 1.52%. CNO Financial Group's dividend payout ratio is currently 17.11%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. BMO Capital Markets assumed coverage on CNO Financial Group in a research report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 price target on the stock. Jefferies Financial Group increased their target price on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a "hold" rating in a research report on Tuesday, December 10th. 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. Keefe, Bruyette & Woods upped their price target 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. Finally, 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 research note on Monday, February 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $40.50.

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.