New Age Alpha Advisors LLC Makes New $118,000 Investment in CNO Financial Group, Inc. (NYSE:CNO)

New Age Alpha Advisors LLC acquired a new stake in shares of CNO Financial Group, Inc. (NYSE:CNO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,181 shares of the financial services provider’s stock, valued at approximately $118,000.

Several other hedge funds also recently made changes to their positions in the business. American Century Companies Inc. lifted its stake in 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 purchasing an additional 282,611 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of 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 acquiring an additional 107,589 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of CNO Financial Group by 41.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,274,370 shares of the financial services provider’s stock worth $47,419,000 after acquiring an additional 372,701 shares in the last quarter. FMR LLC grew its holdings in shares of CNO Financial Group by 28.8% in the 3rd quarter. FMR LLC now owns 1,040,619 shares of the financial services provider’s stock worth $36,526,000 after acquiring an additional 232,631 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its position in shares of CNO Financial Group by 1.3% during the fourth quarter. Allianz Asset Management GmbH now owns 848,407 shares of the financial services provider’s stock worth $31,569,000 after purchasing an additional 10,846 shares during the period. Institutional investors and hedge funds own 95.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Keefe, Bruyette & Woods lifted their price target on 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. Jefferies Financial Group boosted their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. BMO Capital Markets assumed coverage on shares of CNO Financial Group in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price objective for the company. Piper Sandler boosted their target price on shares of CNO Financial Group from $46.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, 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 report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, CNO Financial Group currently has a consensus rating of “Hold” and an average target price of $41.00.

CNO Financial Group Stock Down 6.6 %

CNO stock opened at $39.57 on Friday. The company has a 50 day moving average of $40.65 and a two-hundred day moving average of $38.27. The company has a quick ratio of 0.19, a current ratio of 0.22 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 $43.20. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 10.58 and a beta of 1.02.

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

CNO Financial Group Dividend Announcement

The company also recently declared 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 was Monday, March 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.62%. CNO Financial Group’s dividend payout ratio is 17.11%.

Insider Activity at CNO Financial Group

In related news, insider Jeremy David Williams sold 11,300 shares of CNO Financial Group stock in a transaction on Monday, March 31st. The shares were sold at an average price of $41.51, for a total value of $469,063.00. Following the completion of the sale, the insider now owns 65,299 shares of the company’s stock, valued at approximately $2,710,561.49. The trade was a 14.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $41.49, for a total transaction of $1,692,792.00. Following the transaction, the general counsel now directly owns 244,943 shares in the company, valued at $10,162,685.07. The trade was a 14.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 159,512 shares of company stock valued at $6,497,710. 3.00% of the stock is owned by corporate insiders.

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.