Vestcor Inc Purchases 8,264 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Vestcor Inc boosted its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 50.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,764 shares of the financial services provider's stock after buying an additional 8,264 shares during the period. Vestcor Inc's holdings in CNO Financial Group were worth $921,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CNO. Jones Financial Companies Lllp boosted its position in shares of CNO Financial Group by 368.2% in the 4th 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 in the last quarter. Smartleaf Asset Management LLC raised its position in shares of CNO Financial Group by 95.2% in the 4th 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 last quarter. Principal Securities Inc. lifted its stake in shares of CNO Financial Group by 51.6% in the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock worth $36,000 after buying an additional 325 shares in the last quarter. Sound Income Strategies LLC purchased a new position in CNO Financial Group in the 4th quarter worth approximately $54,000. Finally, GAMMA Investing LLC lifted its position in 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 in the last quarter. 95.43% of the stock is owned by institutional investors.

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CNO Financial Group Stock Performance

Shares of NYSE:CNO traded up $0.55 during midday trading on Wednesday, hitting $41.28. The company had a trading volume of 943,557 shares, compared to its average volume of 644,955. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 11.04 and a beta of 1.02. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. The company has a fifty day moving average of $39.77 and a two-hundred day moving average of $37.64. CNO Financial Group, Inc. has a 12-month low of $24.92 and a 12-month high of $42.41.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted 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 return on equity of 17.20% and a net margin of 9.08%. On average, 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 company also recently declared 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 1.55%. The ex-dividend date is Monday, March 10th. CNO Financial Group's dividend payout ratio is currently 17.11%.

Insider Buying and Selling at CNO Financial Group

In related news, insider Scott L. Goldberg sold 25,500 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $40.02, for a total transaction of $1,020,510.00. Following the completion of the transaction, the insider now directly owns 169,342 shares of the company's stock, valued at approximately $6,777,066.84. This represents a 13.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $41.49, for a total value of $1,692,792.00. Following the sale, the general counsel now directly owns 244,943 shares in the company, valued at $10,162,685.07. This trade represents a 14.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 132,600 shares of company stock valued at $5,372,187 over the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CNO shares. Piper Sandler restated an "overweight" rating and issued a $46.00 price target (up previously from $44.00) on shares of CNO Financial Group in a research note on Monday, February 10th. Royal Bank of Canada boosted 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, February 10th. Keefe, Bruyette & Woods raised 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 report on Wednesday, February 12th. Jefferies Financial Group lifted their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a "hold" rating in a research note on Tuesday, December 10th. Finally, BMO Capital Markets started 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 price objective on the stock. One 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 an average rating of "Hold" and an average 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.