Bryce Point Capital LLC Buys New Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Bryce Point Capital LLC bought a new position 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 (SEC). The firm bought 35,606 shares of the financial services provider’s stock, valued at approximately $1,325,000.

A number of other large investors have also modified their holdings of the company. Jones Financial Companies Lllp grew its stake in CNO Financial Group by 368.2% in the 4th quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 626 shares during the period. Smartleaf Asset Management LLC lifted its position in CNO Financial Group by 95.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider’s stock worth $32,000 after buying an additional 417 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of CNO Financial Group by 51.6% in the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 325 shares during the period. Headlands Technologies LLC increased its holdings in shares of CNO Financial Group by 193.2% during 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 last quarter. Finally, Sound Income Strategies LLC purchased a new stake in CNO Financial Group in the fourth quarter valued at $54,000. Institutional investors and hedge funds own 95.43% of the company’s stock.

CNO Financial Group Price Performance

Shares of NYSE CNO opened at $42.01 on Wednesday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. The company’s fifty day moving average is $40.57 and its two-hundred day moving average is $38.23. CNO Financial Group, Inc. has a one year low of $24.92 and a one year high of $43.20. The firm has a market capitalization of $4.21 billion, a P/E ratio of 11.23 and a beta of 1.02.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, topping 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%. Analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.52%. CNO Financial Group’s payout ratio is 17.11%.

Insider Activity at CNO Financial Group

In other news, insider Yvonne K. Franzese sold 2,013 shares of CNO Financial Group stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $42.18, for a total transaction of $84,908.34. Following the sale, the insider now owns 26,994 shares in the company, valued at $1,138,606.92. This trade represents a 6.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott L. Goldberg sold 25,500 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $40.02, for a total transaction 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 approximately $6,777,066.84. The trade was a 13.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 144,819 shares of company stock worth $5,886,922. Company insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on CNO shares. Royal Bank of Canada upped their price objective on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. BMO Capital Markets initiated coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price target for the company. Jefferies Financial Group boosted their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Piper Sandler restated an “overweight” rating and set a $46.00 price target (up previously from $44.00) on shares of CNO Financial Group in a research note on Monday, February 10th. 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 research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $40.50.

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.