Pinebridge Investments L.P. Has $2.02 Million Position in CNO Financial Group, Inc. (NYSE:CNO)

Pinebridge Investments L.P. grew its position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 42.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,267 shares of the financial services provider's stock after purchasing an additional 16,233 shares during the period. Pinebridge Investments L.P. owned about 0.05% of CNO Financial Group worth $2,019,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its stake in CNO Financial Group by 368.2% during the 4th quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock worth $30,000 after buying an additional 626 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of CNO Financial Group by 95.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 417 shares in the last quarter. Principal Securities Inc. grew its position in shares of CNO Financial Group by 51.6% in the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 325 shares during the period. Headlands Technologies LLC raised its holdings in CNO Financial Group by 193.2% during the 4th quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock worth $50,000 after buying an additional 881 shares during the period. Finally, Sound Income Strategies LLC bought a new position in CNO Financial Group in the fourth quarter valued at approximately $54,000. 95.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CNO has been the topic of a number of research analyst reports. BMO Capital Markets started coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 price objective on the stock. Keefe, Bruyette & Woods boosted 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 stock an "outperform" rating in a report on Monday, February 10th. Finally, Piper Sandler boosted their target price on CNO Financial Group from $46.00 to $49.00 and gave the company 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 given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, CNO Financial Group currently has a consensus rating of "Hold" and a consensus target price of $41.00.

CNO Financial Group Stock Performance

CNO opened at $39.60 on Monday. 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 business's 50-day simple moving average is $39.76 and its 200 day simple moving average is $38.71. The firm has a market capitalization of $3.97 billion, a PE ratio of 10.59 and a beta of 0.90. CNO Financial Group, Inc. has a 52-week low of $25.75 and a 52-week high of $43.20.

CNO Financial Group (NYSE:CNO - Get Free Report) last released 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%. As a group, sell-side analysts expect that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The company 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 of this dividend was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.62%. CNO Financial Group's payout ratio is 17.11%.

Insider Buying and Selling

In related news, insider Yvonne K. Franzese sold 2,097 shares of the company's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $42.56, for a total value of $89,248.32. Following the transaction, the insider now owns 30,321 shares in the company, valued at approximately $1,290,461.76. This represents a 6.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeremy David Williams sold 3,393 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $41.77, for a total transaction of $141,725.61. Following the sale, the insider now owns 56,599 shares of the company's stock, valued at $2,364,140.23. This trade represents a 5.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 159,512 shares of company stock worth $6,497,710. Company insiders own 3.00% of the company's stock.

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.

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