Kiker Wealth Management LLC Invests $1.82 Million in CNO Financial Group, Inc. (NYSE:CNO)

Kiker Wealth Management LLC acquired a new stake in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 48,858 shares of the financial services provider's stock, valued at approximately $1,818,000. CNO Financial Group makes up about 1.5% of Kiker Wealth Management LLC's investment portfolio, making the stock its 16th largest holding.

Several other institutional investors have also modified their holdings of CNO. Jones Financial Companies Lllp lifted its holdings in CNO Financial Group by 368.2% in the 4th quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 626 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of CNO Financial Group by 95.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock worth $32,000 after buying an additional 417 shares in the last quarter. Principal Securities Inc. boosted its position in CNO Financial Group by 51.6% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock worth $36,000 after acquiring an additional 325 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. Finally, GAMMA Investing LLC grew its stake in CNO Financial Group by 15.3% during the 4th quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider's stock valued at $85,000 after acquiring an additional 304 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

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CNO Financial Group Trading Up 0.1 %

Shares of CNO Financial Group stock traded up $0.04 during trading hours on Tuesday, hitting $42.25. The company's stock had a trading volume of 632,553 shares, compared to its average volume of 655,189. The firm has a fifty day moving average of $40.15 and a 200-day moving average of $37.83. 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 stock has a market cap of $4.24 billion, a price-to-earnings ratio of 11.30 and a beta of 1.02. CNO Financial Group, Inc. has a twelve month low of $24.92 and a twelve month high of $42.41.

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

CNO Financial Group Announces Dividend

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at CNO Financial Group

In other CNO Financial Group news, insider Scott L. Goldberg sold 25,500 shares of CNO Financial Group stock in a transaction dated Thursday, March 6th. The stock was 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 of the company's stock, valued at $6,777,066.84. The trade was a 13.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $41.49, for a total transaction of $1,692,792.00. Following the sale, the general counsel now owns 244,943 shares in the company, valued at $10,162,685.07. This trade represents a 14.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 132,600 shares of company stock valued at $5,372,187 over the last quarter. 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.