7,393 Shares in CNO Financial Group, Inc. (NYSE:CNO) Purchased by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC acquired a new position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,393 shares of the financial services provider's stock, valued at approximately $275,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in CNO Financial Group by 29.7% in the fourth quarter. Wells Fargo & Company MN now owns 66,255 shares of the financial services provider's stock valued at $2,465,000 after acquiring an additional 15,178 shares during the period. ExodusPoint Capital Management LP bought a new position in shares of CNO Financial Group in the 4th quarter worth approximately $2,284,000. Bryce Point Capital LLC purchased a new position in shares of CNO Financial Group in the fourth quarter worth approximately $1,325,000. Trexquant Investment LP grew its position in CNO Financial Group by 13.9% during the fourth quarter. Trexquant Investment LP now owns 139,333 shares of the financial services provider's stock valued at $5,185,000 after buying an additional 16,962 shares during the period. Finally, Headlands Technologies LLC increased its holdings in CNO Financial Group by 193.2% during the fourth quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock valued at $50,000 after buying an additional 881 shares during the last quarter. Hedge funds and other institutional investors own 95.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. BMO Capital Markets started 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. Keefe, Bruyette & Woods increased their target price on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock a "market perform" rating in a report on Wednesday, February 12th. Royal Bank of Canada lifted their price target on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Finally, Piper Sandler increased their price objective on shares of 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 equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $41.00.

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Insider Buying and Selling at CNO Financial Group

In other CNO Financial Group news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $40.10, for a total value of $1,636,080.00. Following the completion of the sale, the general counsel now directly owns 204,143 shares of the company's stock, valued at $8,186,134.30. This trade represents a 16.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Yvonne K. Franzese sold 2,097 shares of the business's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $42.56, for a total transaction of $89,248.32. Following the transaction, the insider now directly owns 30,321 shares in the company, valued at approximately $1,290,461.76. The trade was a 6.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 159,512 shares of company stock worth $6,497,710. Insiders own 3.00% of the company's stock.

CNO Financial Group Stock Performance

Shares of NYSE CNO traded up $1.16 during mid-day trading on Monday, hitting $37.95. The stock had a trading volume of 106,994 shares, compared to its average volume of 688,474. The firm has a market cap of $3.81 billion, a PE ratio of 10.15 and a beta of 0.90. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. The company has a 50 day moving average of $40.25 and a two-hundred day moving average of $38.43. CNO Financial Group, Inc. has a twelve month low of $25.08 and a twelve month high of $43.20.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. Research analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a dividend of $0.16 per share. The ex-dividend date was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.69%. CNO Financial Group's payout ratio is presently 17.11%.

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.