143,880 Shares in CNO Financial Group, Inc. (NYSE:CNO) Bought by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 143,880 shares of the financial services provider's stock, valued at approximately $5,354,000. Edgestream Partners L.P. owned approximately 0.14% of CNO Financial Group as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its holdings in CNO Financial Group by 28.8% in the third quarter. FMR LLC now owns 1,040,619 shares of the financial services provider's stock worth $36,526,000 after purchasing an additional 232,631 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of CNO Financial Group by 37.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 671,636 shares of the financial services provider's stock worth $24,945,000 after buying an additional 181,711 shares during the period. Barclays PLC increased its stake in shares of CNO Financial Group by 113.7% in the 3rd quarter. Barclays PLC now owns 219,141 shares of the financial services provider's stock worth $7,691,000 after acquiring an additional 116,617 shares in the last quarter. Principal Financial Group Inc. lifted its position in CNO Financial Group by 6.0% during 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. Finally, Raymond James Financial Inc. purchased a new position in CNO Financial Group during the 4th quarter valued at about $2,295,000. Hedge funds and other institutional investors own 95.43% of the company's stock.

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CNO Financial Group Stock Performance

NYSE:CNO traded up $0.15 on Wednesday, hitting $39.07. The stock had a trading volume of 350,295 shares, compared to its average volume of 651,517. The business's 50-day simple moving average is $39.49 and its two-hundred day simple moving average is $37.44. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 10.45 and a beta of 1.02. CNO Financial Group, Inc. has a 52-week low of $24.92 and a 52-week high of $42.41. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its 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%. As a group, research analysts predict 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 will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Monday, March 10th. CNO Financial Group's payout ratio is 17.11%.

Insider Transactions at CNO Financial Group

In related news, CMO Rocco F. Tarasi III sold 1,484 shares of the company's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $38.02, for a total value of $56,421.68. Following the completion of the transaction, the chief marketing officer now owns 79,896 shares of the company's stock, valued at approximately $3,037,645.92. This represents a 1.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Scott L. Goldberg sold 25,500 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $40.11, for a total value of $1,022,805.00. Following the sale, the insider now directly owns 169,342 shares in the company, valued at approximately $6,792,307.62. This represents a 13.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 138,584 shares of company stock valued at $5,597,404 over the last quarter. 3.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CNO has been the topic of a number of recent research reports. Royal Bank of Canada upped their price objective on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Keefe, Bruyette & Woods upped their price target on 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 reiterated 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. Jefferies Financial Group increased their target price on 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 assumed coverage on CNO Financial Group in a research report 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. According to MarketBeat.com, 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.