Proficio Capital Partners LLC Invests $903,000 in CNO Financial Group, Inc. (NYSE:CNO)

Proficio Capital Partners LLC purchased a new stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 24,261 shares of the financial services provider's stock, valued at approximately $903,000.

Several other hedge funds have also modified their holdings of CNO. State of Alaska Department of Revenue lifted its holdings in shares of CNO Financial Group by 3.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 12,290 shares of the financial services provider's stock valued at $431,000 after buying an additional 415 shares during the period. Robeco Institutional Asset Management B.V. acquired a new stake in shares of CNO Financial Group in the 3rd quarter valued at approximately $209,000. Meritage Portfolio Management lifted its holdings in shares of CNO Financial Group by 9.3% in the 3rd quarter. Meritage Portfolio Management now owns 18,475 shares of the financial services provider's stock valued at $648,000 after buying an additional 1,568 shares during the period. Versor Investments LP purchased a new position in CNO Financial Group in the 3rd quarter valued at approximately $896,000. Finally, GSA Capital Partners LLP purchased a new position in CNO Financial Group in the 3rd quarter valued at approximately $438,000. 95.43% of the stock is owned by institutional investors and hedge funds.

CNO Financial Group Stock Down 0.1 %

NYSE CNO traded down $0.05 on Friday, hitting $39.65. 612,872 shares of the stock traded hands, compared to its average volume of 651,619. The stock has a 50-day moving average of $39.43 and a 200 day moving average of $37.33. CNO Financial Group, Inc. has a twelve month low of $24.92 and a twelve month high of $42.41. The company has a market capitalization of $4.00 billion, a P/E ratio of 10.60 and a beta of 1.02. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61.

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CNO Financial Group (NYSE:CNO - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating 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%. As a group, 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 business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Monday, March 10th. CNO Financial Group's payout ratio is 17.11%.

Wall Street Analysts Forecast Growth

CNO has been the subject of several research analyst reports. BMO Capital Markets initiated coverage on CNO Financial Group in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 price objective for the company. Jefferies Financial Group raised their price objective on CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a research note on Tuesday, December 10th. Royal Bank of Canada raised their price objective on CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. 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. Finally, Piper Sandler reissued an "overweight" rating and set a $46.00 price target (up previously from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, CNO Financial Group currently has an average rating of "Hold" and an average target price of $40.50.

Insider Buying and Selling

In other CNO Financial Group news, insider Scott L. Goldberg sold 25,500 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $40.02, for a total transaction 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 approximately $6,777,066.84. This trade represents a 13.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Rocco F. Tarasi III sold 4,500 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $37.51, for a total value of $168,795.00. Following the transaction, the chief marketing officer now directly owns 72,896 shares of the company's stock, valued at approximately $2,734,328.96. The trade was a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 138,584 shares of company stock valued at $5,597,404 in the last three months. 3.00% of the stock is currently owned by corporate insiders.

CNO Financial Group Company 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.