Ibex Wealth Advisors Takes Position in CNO Financial Group, Inc. (NYSE:CNO)

Ibex Wealth Advisors bought a new position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,831 shares of the financial services provider's stock, valued at approximately $738,000.

A number of other large investors have also added to or reduced their stakes in the company. Quarry LP raised its holdings in shares of CNO Financial Group by 123.2% in the second quarter. Quarry LP now owns 1,694 shares of the financial services provider's stock worth $47,000 after buying an additional 935 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in CNO Financial Group during the 4th quarter valued at about $54,000. CWM LLC increased its holdings in shares of CNO Financial Group by 53.0% in the third quarter. CWM LLC now owns 1,750 shares of the financial services provider's stock valued at $61,000 after purchasing an additional 606 shares during the period. GAMMA Investing LLC raised its stake in shares of CNO Financial Group by 141.8% in the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider's stock worth $70,000 after purchasing an additional 1,164 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in shares of CNO Financial Group during the second quarter worth about $89,000. 95.43% of the stock is currently owned by institutional investors.

CNO Financial Group Stock Performance

Shares of NYSE:CNO traded up $0.50 during trading on Thursday, hitting $40.42. 122,112 shares of the stock traded hands, compared to its average volume of 429,634. The company has a fifty day moving average price of $38.25 and a two-hundred day moving average price of $35.62. CNO Financial Group, Inc. has a 52-week low of $24.92 and a 52-week high of $40.91. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 16.29 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 issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.29. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $945.44 million. During the same quarter in the prior year, the firm posted $0.88 earnings per share. The company's revenue was up 19.2% compared to the same quarter last year. As a group, equities analysts predict that CNO Financial Group, Inc. will post 3.73 EPS for the current year.

CNO Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were issued a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.58%. CNO Financial Group's payout ratio is 25.81%.

Analyst Ratings Changes

Several brokerages recently weighed in on CNO. Royal Bank of Canada increased their price target on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. Piper Sandler increased their price objective on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Jefferies Financial Group raised their target price on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a "hold" rating in a report on Tuesday, December 10th. Finally, BMO Capital Markets initiated coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 price target on the stock. 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $37.17.

Insider Buying and Selling

In related news, CMO Rocco F. Tarasi III sold 4,500 shares of CNO Financial Group stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $37.51, for a total value of $168,795.00. Following the sale, the chief marketing officer now directly owns 72,896 shares in the company, valued at approximately $2,734,328.96. The trade was a 5.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jeremy David Williams sold 4,783 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $40.09, for a total value of $191,750.47. Following the sale, the insider now owns 62,121 shares of the company's stock, valued at approximately $2,490,430.89. This trade represents a 7.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,745 shares of company stock valued at $572,467. 3.00% of the stock is owned by company insiders.

About CNO Financial Group

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.