Cibc World Markets Corp Purchases Shares of 9,856 CNO Financial Group, Inc. (NYSE:CNO)

Cibc World Markets Corp acquired a new stake in shares of CNO Financial Group, Inc. (NYSE:CNO) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 9,856 shares of the financial services provider’s stock, valued at approximately $367,000.

A number of other large investors also recently modified their holdings of the company. Corient Private Wealth LLC raised its holdings in CNO Financial Group by 2.6% during the fourth quarter. Corient Private Wealth LLC now owns 15,634 shares of the financial services provider’s stock valued at $582,000 after acquiring an additional 400 shares during the period. Vestcor Inc raised its stake in CNO Financial Group by 50.1% during the 4th quarter. Vestcor Inc now owns 24,764 shares of the financial services provider’s stock valued at $921,000 after purchasing an additional 8,264 shares during the period. HighTower Advisors LLC raised its stake in CNO Financial Group by 5.3% during the 4th quarter. HighTower Advisors LLC now owns 7,873 shares of the financial services provider’s stock valued at $293,000 after purchasing an additional 394 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in CNO Financial Group by 16.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,361 shares of the financial services provider’s stock worth $981,000 after purchasing an additional 3,714 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new position in CNO Financial Group in the 4th quarter worth approximately $5,354,000. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CNO. Royal Bank of Canada boosted their target price 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. Piper Sandler reiterated an “overweight” rating and issued a $46.00 price target (up previously from $44.00) on shares of CNO Financial Group in a research note on Monday, February 10th. Keefe, Bruyette & Woods raised their price objective on CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. Jefferies Financial Group boosted their target price on CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Finally, BMO Capital Markets assumed coverage on CNO Financial Group in a research note on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price target for the company. 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 MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $40.50.

Insiders Place Their Bets

In related news, insider Scott L. Goldberg sold 25,500 shares of CNO Financial Group stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $40.11, for a total transaction of $1,022,805.00. Following the completion of the transaction, the insider now directly owns 169,342 shares of the company’s stock, valued at approximately $6,792,307.62. The trade was a 13.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were 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. Insiders sold 132,600 shares of company stock valued at $5,372,187 over the last three months. 3.00% of the stock is owned by company insiders.

CNO Financial Group Stock Down 0.4 %

Shares of NYSE CNO opened at $41.07 on Monday. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61. CNO Financial Group, Inc. has a 12-month low of $24.92 and a 12-month high of $42.41. The firm’s 50-day moving average price is $40.04 and its 200-day moving average price is $37.78. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 10.98 and a beta of 1.02.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, topping 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%. On average, equities research analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a $0.16 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.56%. CNO Financial Group’s dividend payout ratio is presently 17.11%.

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.