Intech Investment Management LLC Has $2.39 Million Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Intech Investment Management LLC increased its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 151.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,342 shares of the financial services provider's stock after acquiring an additional 38,721 shares during the period. Intech Investment Management LLC owned approximately 0.06% of CNO Financial Group worth $2,394,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in CNO Financial Group by 58.7% during the 4th quarter. Pacer Advisors Inc. now owns 24,580 shares of the financial services provider's stock valued at $915,000 after purchasing an additional 9,096 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of CNO Financial Group by 51.6% in the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock valued at $36,000 after buying an additional 325 shares during the period. Blue Trust Inc. boosted its stake in CNO Financial Group by 7.4% during the fourth quarter. Blue Trust Inc. now owns 6,737 shares of the financial services provider's stock valued at $236,000 after buying an additional 464 shares in the last quarter. KBC Group NV grew its holdings in 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 acquiring an additional 1,641 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in CNO Financial Group in the fourth quarter worth about $903,000. Institutional investors and hedge funds own 95.43% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. BMO Capital Markets began coverage on shares of CNO Financial Group in a research report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 price objective for the company. Keefe, Bruyette & Woods upped their price target on CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a report on Wednesday, February 12th. Royal Bank of Canada increased their price objective on CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Piper Sandler restated an "overweight" rating and issued a $46.00 target price (up from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. Finally, Jefferies Financial Group boosted their target price on CNO Financial Group from $36.00 to $41.00 and gave the stock a "hold" rating in a research report on Tuesday, December 10th. One 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 company has an average rating of "Hold" and a consensus price target of $40.50.

CNO Financial Group Trading Up 0.1 %

NYSE CNO traded up $0.04 on Tuesday, hitting $42.25. 632,553 shares of the stock were exchanged, compared to its average volume of 655,189. The company's 50-day moving average price is $40.15 and its two-hundred day moving average price is $37.83. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. CNO Financial Group, Inc. has a 52-week low of $24.92 and a 52-week high of $42.41. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 11.30 and a beta of 1.02.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share 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%. Research analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a $0.16 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.51%. CNO Financial Group's dividend payout ratio is 17.11%.

Insider Transactions at CNO Financial Group

In related news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $40.10, for a total transaction of $1,636,080.00. Following the completion of the sale, the general counsel now directly owns 204,143 shares in the company, valued at approximately $8,186,134.30. This trade represents a 16.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott L. Goldberg sold 25,500 shares of the business'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 completion of the transaction, the insider now owns 169,342 shares in the company, valued at $6,792,307.62. This trade represents a 13.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 132,600 shares of company stock valued at $5,372,187 over the last three months. 3.00% of the stock is owned by corporate insiders.

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.