Sound Income Strategies LLC Purchases Shares of 1,447 CNO Financial Group, Inc. (NYSE:CNO)

Sound Income Strategies LLC acquired a new position in shares of CNO Financial Group, Inc. (NYSE:CNO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,447 shares of the financial services provider’s stock, valued at approximately $54,000.

Other large investors have also modified their holdings of the company. Quarry LP lifted its position in CNO Financial Group by 123.2% in the second quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 935 shares during the last quarter. CWM LLC lifted its holdings in shares of CNO Financial Group by 53.0% in the 3rd quarter. CWM LLC now owns 1,750 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 606 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of CNO Financial Group by 141.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,164 shares during the period. Point72 DIFC Ltd purchased a new position in CNO Financial Group during the 2nd quarter worth approximately $89,000. Finally, KBC Group NV increased its position in CNO Financial Group by 26.7% during the third quarter. KBC Group NV now owns 3,349 shares of the financial services provider’s stock worth $118,000 after buying an additional 706 shares during the period. Institutional investors and hedge funds own 95.43% of the company’s stock.

Insider Buying and Selling

In other CNO Financial Group news, CIO Eric R. Johnson sold 3,978 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $39.09, for a total transaction of $155,500.02. Following the sale, the executive now directly owns 631,844 shares in the company, valued at approximately $24,698,781.96. The trade was a 0.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeremy David Williams sold 4,783 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $40.09, for a total transaction of $191,750.47. Following the transaction, the insider now directly owns 62,121 shares in the company, valued at approximately $2,490,430.89. This trade represents a 7.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,745 shares of company stock valued at $572,467 over the last quarter. Company insiders own 3.00% of the company’s stock.

CNO Financial Group Stock Down 0.0 %

Shares of CNO Financial Group stock opened at $38.84 on Friday. CNO Financial Group, Inc. has a one year low of $24.92 and a one year high of $40.91. The company has a market cap of $4.01 billion, a P/E ratio of 15.66 and a beta of 1.04. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a fifty day moving average of $38.20 and a two-hundred day moving average of $35.39.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.29. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $945.44 million. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The firm’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 earnings per share. On average, analysts forecast that CNO Financial Group, Inc. will post 3.73 earnings per share for the current year.

CNO Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were paid a $0.16 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.65%. CNO Financial Group’s dividend payout ratio (DPR) is presently 25.81%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CNO. Piper Sandler increased their price objective on CNO Financial Group from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Royal Bank of Canada increased their price target on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Jefferies Financial Group lifted 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. Finally, BMO Capital Markets assumed coverage on shares of CNO Financial Group in a report on Thursday. They issued a “market perform” rating and a $38.00 target price for the company. One 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’s stock. According to data from MarketBeat, CNO Financial Group presently has a consensus rating of “Hold” and a consensus price target of $37.17.

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.