Keeley Teton Advisors LLC Takes $1.59 Million Position in CNO Financial Group, Inc. (NYSE:CNO)

Keeley Teton Advisors LLC acquired a new position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 42,621 shares of the financial services provider's stock, valued at approximately $1,586,000.

Several other large investors also recently made changes to their positions in CNO. Bridgewater Associates LP boosted its position in CNO Financial Group by 5.3% during the 4th quarter. Bridgewater Associates LP now owns 197,191 shares of the financial services provider's stock worth $7,337,000 after purchasing an additional 9,981 shares during the period. Mariner LLC grew its stake in shares of CNO Financial Group by 6.7% in the fourth quarter. Mariner LLC now owns 6,116 shares of the financial services provider's stock valued at $228,000 after buying an additional 385 shares in the last quarter. Barclays PLC lifted its position in CNO Financial Group by 22.1% during the 4th quarter. Barclays PLC now owns 267,567 shares of the financial services provider's stock worth $9,957,000 after acquiring an additional 48,426 shares in the last quarter. Bragg Financial Advisors Inc grew its position in CNO Financial Group by 0.7% in the fourth quarter. Bragg Financial Advisors Inc now owns 554,634 shares of the financial services provider's stock valued at $20,638,000 after acquiring an additional 3,846 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of CNO Financial Group by 20.6% during the fourth quarter. Covestor Ltd now owns 4,443 shares of the financial services provider's stock worth $165,000 after purchasing an additional 758 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CNO. BMO Capital Markets started 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 objective on the stock. Keefe, Bruyette & Woods raised their price objective on CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. Piper Sandler upped their target price on CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. Finally, Royal Bank of Canada lifted their price target on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. 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.com, CNO Financial Group has a consensus rating of "Hold" and a consensus price target of $41.00.

Insiders Place Their Bets

In other news, insider Scott L. Goldberg sold 25,500 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $40.02, for a total value of $1,020,510.00. Following the completion of the transaction, the insider now directly owns 169,342 shares in the company, valued at $6,777,066.84. This trade represents a 13.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Yvonne K. Franzese sold 2,097 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $42.56, for a total value of $89,248.32. Following the completion of the sale, the insider now owns 30,321 shares of the company's stock, valued at $1,290,461.76. This trade represents a 6.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, 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 $0.21 during midday trading on Friday, hitting $38.29. The company's stock had a trading volume of 602,211 shares, compared to its average volume of 710,114. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. CNO Financial Group, Inc. has a 1-year low of $25.73 and a 1-year high of $43.20. The firm's fifty day moving average price is $40.01 and its 200-day moving average price is $38.50. The firm has a market cap of $3.84 billion, a P/E ratio of 10.24 and a beta of 0.90.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.25. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. On average, sell-side analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders 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 yield of 1.67%. The ex-dividend date was Monday, March 10th. CNO Financial Group's payout ratio is 17.11%.

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.