Keeley Teton Advisors LLC Takes $1.59 Million Position in CNO Financial Group, Inc. (NYSE:CNO)

Keeley Teton Advisors LLC purchased a new position in CNO Financial Group, Inc. (NYSE:CNO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 42,621 shares of the financial services provider’s stock, valued at approximately $1,586,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its position in shares of CNO Financial Group by 368.2% in the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 626 shares during the last quarter. Smartleaf Asset Management LLC grew its stake 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 buying an additional 417 shares during the period. Principal Securities Inc. increased its holdings in shares of CNO Financial Group by 51.6% during the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock worth $36,000 after buying an additional 325 shares during the last quarter. Headlands Technologies LLC raised its position in shares of CNO Financial Group by 193.2% in 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 acquired a new position in CNO Financial Group in the fourth quarter valued at $54,000. Hedge funds and other institutional investors own 95.43% of the company’s stock.

CNO Financial Group Stock Performance

Shares of CNO stock opened at $38.15 on Wednesday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. The company’s fifty day moving average price is $40.18 and its two-hundred day moving average price is $38.45. The firm has a market capitalization of $3.83 billion, a P/E ratio of 10.20 and a beta of 0.90. CNO Financial Group, Inc. has a 12 month low of $25.08 and a 12 month high of $43.20.

CNO Financial Group (NYSE:CNO) 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 return on equity of 17.20% and a net margin of 9.08%. On average, research analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a $0.16 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.68%. CNO Financial Group’s dividend payout ratio (DPR) is presently 17.11%.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $41.49, for a total transaction of $1,692,792.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Yvonne K. Franzese sold 8,109 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $42.00, for a total value of $340,578.00. Following the completion of the sale, the insider now owns 38,540 shares of the company’s stock, valued at $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 have sold 159,512 shares of company stock valued at $6,497,710 over the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CNO. Keefe, Bruyette & Woods lifted 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. Royal Bank of Canada increased their price objective on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Piper Sandler lifted their target price on shares of CNO Financial Group from $46.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday, April 2nd. Finally, BMO Capital Markets began coverage on CNO Financial Group in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $41.00.

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.