UBS Group AG Has $6.19 Million Position in CNO Financial Group, Inc. $CNO

UBS Group AG grew its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 25.4% during the 4th quarter, HoldingsChannel reports. The firm owned 145,767 shares of the financial services provider’s stock after acquiring an additional 29,494 shares during the quarter. UBS Group AG’s holdings in CNO Financial Group were worth $6,191,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in CNO. Optiver Holding B.V. grew its position in shares of CNO Financial Group by 90.1% in the third quarter. Optiver Holding B.V. now owns 637 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 302 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of CNO Financial Group by 353.0% in the third quarter. Smartleaf Asset Management LLC now owns 743 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 579 shares during the last quarter. Richardson Financial Services Inc. acquired a new stake in shares of CNO Financial Group in the fourth quarter valued at about $37,000. EverSource Wealth Advisors LLC grew its position in shares of CNO Financial Group by 123.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,176 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 649 shares during the last quarter. Finally, Osaic Holdings Inc. grew its position in shares of CNO Financial Group by 39.2% in the second quarter. Osaic Holdings Inc. now owns 1,194 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 336 shares during the last quarter. 95.43% of the stock is owned by institutional investors and hedge funds.

CNO Financial Group Stock Down 2.0%

CNO stock opened at $46.88 on Wednesday. CNO Financial Group, Inc. has a twelve month low of $35.24 and a twelve month high of $47.95. The company has a market cap of $4.38 billion, a PE ratio of 18.83 and a beta of 0.82. The business’s 50-day simple moving average is $42.82 and its 200 day simple moving average is $42.19. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.61.

CNO Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 1.5%. CNO Financial Group’s dividend payout ratio (DPR) is presently 27.31%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CNO shares. Wall Street Zen downgraded CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CNO Financial Group in a research report on Monday, April 20th. Evercore reissued an “underperform” rating and set a $43.00 target price on shares of CNO Financial Group in a research report on Wednesday, February 18th. Finally, Keefe, Bruyette & Woods lifted their target price on CNO Financial Group from $46.00 to $50.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, CNO Financial Group currently has an average rating of “Hold” and a consensus target price of $47.50.

Insiders Place Their Bets

In other CNO Financial Group news, insider Scott L. Goldberg sold 11,060 shares of CNO Financial Group stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $39.97, for a total transaction of $442,068.20. Following the sale, the insider directly owned 214,524 shares of the company’s stock, valued at approximately $8,574,524.28. The trade was a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.44% of the company’s stock.

About CNO Financial Group

CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.