CNO Financial Group, Inc. (NYSE:CNO) Shares Sold by Easterly Investment Partners LLC

Easterly Investment Partners LLC decreased its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 13.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 528,512 shares of the financial services provider's stock after selling 81,112 shares during the quarter. CNO Financial Group accounts for about 1.5% of Easterly Investment Partners LLC's investment portfolio, making the stock its 7th biggest position. Easterly Investment Partners LLC owned 0.51% of CNO Financial Group worth $19,666,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CNO. American Century Companies Inc. increased its position in CNO Financial Group by 11.7% during the 4th quarter. American Century Companies Inc. now owns 2,687,861 shares of the financial services provider's stock valued at $100,015,000 after purchasing an additional 282,611 shares during the period. Principal Financial Group Inc. increased its position in shares of CNO Financial Group by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider's stock valued at $66,676,000 after acquiring an additional 107,589 shares during the period. JPMorgan Chase & Co. raised its stake in shares of CNO Financial Group by 41.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,274,370 shares of the financial services provider's stock worth $47,419,000 after purchasing an additional 372,701 shares during the last quarter. FMR LLC raised its position in CNO Financial Group by 28.8% during the 3rd 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 during the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of CNO Financial Group by 1.3% during the fourth quarter. Allianz Asset Management GmbH now owns 848,407 shares of the financial services provider's stock worth $31,569,000 after purchasing an additional 10,846 shares during the last quarter. Hedge funds and other institutional investors own 95.43% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms have recently weighed in on CNO. Jefferies Financial Group lifted their target price 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. Royal Bank of Canada increased their target price on CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a 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 stock a "market perform" rating in a research note on Wednesday, February 12th. Piper Sandler reissued an "overweight" rating and set a $46.00 price objective (up previously from $44.00) on shares of CNO Financial Group in a research note on Monday, February 10th. Finally, 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 price target for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $40.50.

CNO Financial Group Trading Up 0.3 %

Shares of CNO stock traded up $0.13 on Monday, hitting $41.61. The stock had a trading volume of 177,222 shares, compared to its average volume of 704,227. The firm has a market capitalization of $4.17 billion, a P/E ratio of 11.13 and a beta of 1.02. CNO Financial Group, Inc. has a 1 year low of $24.92 and a 1 year high of $43.20. 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's 50 day moving average price is $40.45 and its 200-day moving average price is $38.10.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating 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%. Analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a dividend of $0.16 per share. The ex-dividend date was Monday, March 10th. This represents a $0.64 annualized dividend and a yield of 1.54%. CNO Financial Group's dividend payout ratio is currently 17.11%.

Insider Buying and Selling

In other news, insider Scott L. Goldberg sold 25,500 shares of CNO Financial Group stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $40.02, for a total value of $1,020,510.00. Following the sale, the insider now owns 169,342 shares of the company's stock, valued at $6,777,066.84. The trade was a 13.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Yvonne K. Franzese sold 2,013 shares of CNO Financial Group stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $42.18, for a total value of $84,908.34. Following the completion of the sale, the insider now directly owns 26,994 shares in the company, valued at $1,138,606.92. This represents a 6.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 144,819 shares of company stock worth $5,886,922 in the last quarter. 3.00% of the stock is owned by insiders.

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.