Trexquant Investment LP Increases Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Trexquant Investment LP lifted its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 13.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,333 shares of the financial services provider's stock after buying an additional 16,962 shares during the quarter. Trexquant Investment LP owned about 0.14% of CNO Financial Group worth $5,185,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CNO. Headlands Technologies LLC boosted its holdings in shares of CNO Financial Group by 193.2% in the fourth quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock worth $50,000 after acquiring an additional 881 shares during the period. Pictet Asset Management Holding SA lifted its holdings in CNO Financial Group by 25.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 16,221 shares of the financial services provider's stock worth $604,000 after purchasing an additional 3,276 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in CNO Financial Group in the 4th quarter worth about $118,000. Norges Bank purchased a new position in CNO Financial Group during the 4th quarter valued at about $13,975,000. Finally, JPMorgan Chase & Co. increased its position in shares of CNO Financial Group by 41.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,274,370 shares of the financial services provider's stock valued at $47,419,000 after buying an additional 372,701 shares during the period. 95.43% of the stock is owned by institutional investors.

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Insider Buying and Selling at CNO Financial Group

In other CNO Financial Group news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $41.49, for a total value of $1,692,792.00. Following the sale, the general counsel now owns 244,943 shares of the company's stock, valued at $10,162,685.07. This trade represents a 14.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Yvonne K. Franzese sold 8,109 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $42.00, for a total transaction of $340,578.00. Following the transaction, the insider now directly owns 38,540 shares of the company's stock, valued at approximately $1,618,680. This trade represents a 17.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 159,512 shares of company stock worth $6,497,710 over the last three months. Company insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CNO shares. Piper Sandler boosted their price objective on shares of CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. Royal Bank of Canada upped their price target on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. BMO Capital Markets initiated coverage on CNO Financial Group in a research note on Thursday, January 23rd. They set a "market perform" rating and a $38.00 price objective for the company. Finally, Keefe, Bruyette & Woods boosted their target price on CNO Financial Group from $42.00 to $44.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $41.00.

CNO Financial Group Price Performance

Shares of CNO traded down $2.46 during midday trading on Thursday, reaching $37.04. The stock had a trading volume of 243,395 shares, compared to its average volume of 715,023. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 9.83 and a beta of 0.90. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61. CNO Financial Group, Inc. has a 12-month low of $24.92 and a 12-month high of $43.20. The company's 50-day moving average is $40.36 and its 200 day moving average is $38.37.

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 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. On average, equities analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.64 annualized dividend and a yield of 1.73%. CNO Financial Group's payout ratio is 17.11%.

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.