ExodusPoint Capital Management LP acquired a new position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 61,390 shares of the financial services provider's stock, valued at approximately $2,284,000. ExodusPoint Capital Management LP owned approximately 0.06% of CNO Financial Group as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. American Century Companies Inc. raised its position in shares of CNO Financial Group by 11.7% in the fourth quarter. American Century Companies Inc. now owns 2,687,861 shares of the financial services provider's stock valued at $100,015,000 after buying an additional 282,611 shares in the last quarter. Principal Financial Group Inc. increased its stake 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 worth $66,676,000 after acquiring an additional 107,589 shares during the period. JPMorgan Chase & Co. raised its holdings in CNO Financial Group by 41.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,274,370 shares of the financial services provider's stock valued at $47,419,000 after acquiring an additional 372,701 shares in the last quarter. FMR LLC lifted its position in shares of 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 valued at $36,526,000 after acquiring an additional 232,631 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in shares of CNO Financial Group by 1.3% during the 4th 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 in the last quarter. Institutional investors own 95.43% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently commented on CNO shares. Keefe, Bruyette & Woods upped their price objective on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 12th. Royal Bank of Canada upped their price target 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. BMO Capital Markets initiated 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 objective on the stock. Finally, Piper Sandler upped their target price on CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $41.00.
Check Out Our Latest Stock Report on CNO Financial Group
CNO Financial Group Price Performance
CNO stock traded up $0.31 during trading on Friday, reaching $36.82. 820,900 shares of the company were exchanged, compared to its average volume of 716,248. CNO Financial Group, Inc. has a twelve month low of $25.08 and a twelve month 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 has a market capitalization of $3.69 billion, a price-to-earnings ratio of 9.84 and a beta of 0.90. The company has a 50-day moving average of $40.25 and a two-hundred day moving average of $38.40.
CNO Financial Group (NYSE:CNO - Get Free Report) last announced 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 return on equity of 17.20% and a net margin of 9.08%. As a group, equities analysts predict that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.
CNO Financial Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Monday, March 10th. CNO Financial Group's payout ratio is 17.11%.
Insider Activity
In related news, insider Jeremy David Williams sold 11,300 shares of CNO Financial Group stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $41.51, for a total value of $469,063.00. Following the transaction, the insider now directly owns 65,299 shares of the company's stock, valued at $2,710,561.49. The trade was a 14.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Yvonne K. Franzese sold 2,013 shares of the company's 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 owns 26,994 shares in the company, valued at $1,138,606.92. The trade was a 6.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 159,512 shares of company stock valued at $6,497,710. 3.00% of the stock is currently owned by corporate insiders.
CNO Financial Group Profile
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Free Report)
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.
Further Reading
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