Pacer Advisors Inc. Boosts Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Pacer Advisors Inc. increased its position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 58.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,580 shares of the financial services provider's stock after purchasing an additional 9,096 shares during the quarter. Pacer Advisors Inc.'s holdings in CNO Financial Group were worth $915,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. KBC Group NV increased its stake in shares of CNO Financial Group by 49.0% during the fourth quarter. KBC Group NV now owns 4,990 shares of the financial services provider's stock worth $186,000 after purchasing an additional 1,641 shares in the last quarter. Blue Trust Inc. boosted its holdings in CNO Financial Group by 7.4% in the 4th quarter. Blue Trust Inc. now owns 6,737 shares of the financial services provider's stock worth $236,000 after buying an additional 464 shares during the last quarter. DGS Capital Management LLC increased its stake in CNO Financial Group by 11.8% during the 4th quarter. DGS Capital Management LLC now owns 8,170 shares of the financial services provider's stock worth $304,000 after buying an additional 863 shares in the last quarter. Sound Income Strategies LLC acquired a new position in shares of CNO Financial Group during the fourth quarter valued at approximately $54,000. Finally, Uncommon Cents Investing LLC lifted its position in shares of CNO Financial Group by 3.1% in the fourth quarter. Uncommon Cents Investing LLC now owns 21,235 shares of the financial services provider's stock valued at $790,000 after acquiring an additional 640 shares in the last quarter. 95.43% of the stock is owned by hedge funds and other institutional investors.

CNO Financial Group Stock Up 2.6 %

NYSE CNO traded up $1.05 on Friday, hitting $41.07. 864,024 shares of the stock were exchanged, compared to its average volume of 490,985. CNO Financial Group, Inc. has a fifty-two week low of $24.92 and a fifty-two week high of $41.54. The company has a 50-day moving average price of $38.24 and a 200-day moving average price of $36.07. The company has a market cap of $4.24 billion, a PE ratio of 16.56 and a beta of 1.04. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its quarterly earnings data 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 return on equity of 17.53% and a net margin of 6.06%. Sell-side analysts anticipate that CNO Financial Group, Inc. will post 3.73 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Tuesday, December 10th. CNO Financial Group's payout ratio is 25.81%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CNO shares. Royal Bank of Canada raised their target price on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. Piper Sandler upped their target price on CNO Financial Group from $42.00 to $44.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. BMO Capital Markets started coverage on CNO Financial Group in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 target price for the company. Finally, Jefferies Financial Group boosted their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $37.17.

Insider Transactions at CNO Financial Group

In other news, CMO Rocco F. Tarasi III sold 4,500 shares of the company's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $37.51, for a total value of $168,795.00. Following the completion of the sale, the chief marketing officer now directly owns 72,896 shares of the company's stock, valued at approximately $2,734,328.96. This represents a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CIO Eric R. Johnson sold 3,978 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $39.09, for a total value of $155,500.02. Following the completion of the transaction, the executive now owns 631,844 shares in the company, valued at $24,698,781.96. This trade represents a 0.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,745 shares of company stock worth $572,467. Corporate insiders own 3.21% of the company's stock.

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.