Ibex Wealth Advisors Makes New $738,000 Investment in CNO Financial Group, Inc. (NYSE:CNO)

Ibex Wealth Advisors purchased a new stake in CNO Financial Group, Inc. (NYSE:CNOFree Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 19,831 shares of the financial services provider’s stock, valued at approximately $738,000.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC grew its position in shares of CNO Financial Group by 15.3% during the fourth quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider’s stock worth $85,000 after acquiring an additional 304 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of CNO Financial Group by 1.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,647 shares of the financial services provider’s stock valued at $795,000 after purchasing an additional 376 shares during the period. State of Alaska Department of Revenue increased its stake in shares of CNO Financial Group by 3.5% in the third quarter. State of Alaska Department of Revenue now owns 12,290 shares of the financial services provider’s stock valued at $431,000 after purchasing an additional 415 shares during the period. Blue Trust Inc. raised its holdings in shares of CNO Financial Group by 7.4% during the fourth quarter. Blue Trust Inc. now owns 6,737 shares of the financial services provider’s stock valued at $236,000 after buying an additional 464 shares during the last quarter. Finally, CWM LLC grew its holdings in CNO Financial Group by 53.0% in the 3rd quarter. CWM LLC now owns 1,750 shares of the financial services provider’s stock worth $61,000 after buying an additional 606 shares in the last quarter. Institutional investors own 95.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Jefferies Financial Group lifted their target price 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 upped their price objective on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. BMO Capital Markets began 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, Piper Sandler upped their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $37.17.

View Our Latest Research Report on CNO Financial Group

Insider Activity

In related news, CIO Eric R. Johnson sold 3,978 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $39.09, for a total value of $155,500.02. Following the completion of the transaction, the executive now owns 631,844 shares of the company’s stock, valued at approximately $24,698,781.96. This trade represents a 0.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Rocco F. Tarasi III sold 1,484 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $38.02, for a total transaction of $56,421.68. Following the sale, the chief marketing officer now directly owns 79,896 shares in the company, valued at approximately $3,037,645.92. This trade represents a 1.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,745 shares of company stock worth $572,467. Insiders own 3.00% of the company’s stock.

CNO Financial Group Price Performance

Shares of CNO Financial Group stock opened at $39.99 on Thursday. CNO Financial Group, Inc. has a 52 week low of $24.92 and a 52 week high of $40.91. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. The stock has a market cap of $4.13 billion, a PE ratio of 16.12 and a beta of 1.04. The company’s 50-day moving average price is $38.25 and its two-hundred day moving average price is $35.62.

CNO Financial Group (NYSE:CNOGet Free Report) last released its earnings results on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.29. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $945.44 million. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The business’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 EPS. As a group, sell-side analysts anticipate that CNO Financial Group, Inc. will post 3.73 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.60%. CNO Financial Group’s dividend payout ratio (DPR) is presently 25.81%.

CNO Financial Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CNO Financial Group (NYSE:CNO)

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