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

Fox Run Management L.L.C. bought a new stake in shares of CNO Financial Group, Inc. (NYSE:CNO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,593 shares of the financial services provider’s stock, valued at approximately $506,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CNO. American Century Companies Inc. increased its holdings in shares of CNO Financial Group by 11.7% during the fourth 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 in the last quarter. Principal Financial Group Inc. increased its stake in CNO Financial Group by 6.0% during 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 in the last quarter. FMR LLC increased its stake in CNO Financial Group by 28.8% during the 3rd 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 in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of CNO Financial Group by 1.3% in the fourth quarter. Allianz Asset Management GmbH now owns 848,407 shares of the financial services provider’s stock worth $31,569,000 after buying an additional 10,846 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings 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 valued at $24,945,000 after buying an additional 181,711 shares during the last quarter. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

CNO Financial Group Price Performance

NYSE:CNO opened at $42.25 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 has a 50 day moving average price of $40.24 and a 200-day moving average price of $37.90. CNO Financial Group, Inc. has a 1-year low of $24.92 and a 1-year high of $42.77. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 11.30 and a beta of 1.02.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.25. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. Equities research analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

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 of this dividend was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.51%. CNO Financial Group’s dividend payout ratio is currently 17.11%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CNO shares. Royal Bank of Canada raised their target price on 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 CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. BMO Capital Markets assumed coverage on CNO Financial Group in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 target price on the stock. Keefe, Bruyette & Woods raised their price target on shares of 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. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $46.00 price objective (up from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. One 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $40.50.

Insider Buying and Selling

In other news, insider Scott L. Goldberg sold 25,500 shares of CNO Financial Group stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $40.02, for a total value of $1,020,510.00. Following the sale, the insider now directly owns 169,342 shares of the company’s stock, valued at $6,777,066.84. The trade was a 13.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the business’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 transaction, the general counsel now owns 204,143 shares in the company, valued at $8,186,134.30. The trade was a 16.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 132,600 shares of company stock valued at $5,372,187. 3.21% of the stock is owned by corporate insiders.

About CNO Financial Group

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.