13,593 Shares in CNO Financial Group, Inc. (NYSE:CNO) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new stake in CNO Financial Group, Inc. (NYSE:CNO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,593 shares of the financial services provider’s stock, valued at approximately $506,000.

Several other hedge funds also recently bought and sold shares of the stock. American Century Companies Inc. raised its stake in shares of CNO Financial Group by 11.7% in the 4th quarter. American Century Companies Inc. now owns 2,687,861 shares of the financial services provider’s stock valued at $100,015,000 after acquiring an additional 282,611 shares during the period. Principal Financial Group Inc. increased its holdings in CNO Financial Group by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider’s stock valued at $66,676,000 after purchasing an additional 107,589 shares during the last quarter. FMR LLC raised its position in CNO Financial Group by 28.8% in the third quarter. FMR LLC now owns 1,040,619 shares of the financial services provider’s stock valued at $36,526,000 after purchasing an additional 232,631 shares during the period. Allianz Asset Management GmbH lifted its stake in CNO Financial Group by 1.3% during the fourth quarter. Allianz Asset Management GmbH now owns 848,407 shares of the financial services provider’s stock worth $31,569,000 after purchasing an additional 10,846 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of CNO Financial Group by 37.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 671,636 shares of the financial services provider’s stock worth $24,945,000 after buying an additional 181,711 shares during the period. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $40.10, for a total transaction of $1,636,080.00. Following the sale, the general counsel now owns 204,143 shares of the company’s stock, valued at approximately $8,186,134.30. This trade represents a 16.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott L. Goldberg sold 25,500 shares of the company’s 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 of the company’s stock, valued at $6,777,066.84. This trade represents a 13.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 132,600 shares of company stock valued at $5,372,187 in the last ninety days. Insiders own 3.21% of the company’s stock.

CNO Financial Group Stock Up 0.1 %

CNO stock opened at $42.25 on Wednesday. The company’s 50 day moving average price is $40.24 and its 200 day moving average price is $37.90. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 11.30 and a beta of 1.02. CNO Financial Group, Inc. has a fifty-two week low of $24.92 and a fifty-two week high of $42.77. 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 (NYSE:CNO) last announced its quarterly earnings data 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 research analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Monday, March 10th. CNO Financial Group’s dividend payout ratio is presently 17.11%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CNO. Piper Sandler reiterated an “overweight” rating and issued a $46.00 price objective (up previously from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. Royal Bank of Canada boosted 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. Jefferies Financial Group raised their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. BMO Capital Markets initiated coverage on shares of CNO Financial Group in a research note on Thursday, January 23rd. They set a “market perform” rating and a $38.00 target price on the stock. Finally, Keefe, Bruyette & Woods increased their target price on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a 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 given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $40.50.

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.