11,573 Shares in CNO Financial Group, Inc. (NYSE:CNO) Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC acquired a new stake in shares of CNO Financial Group, Inc. (NYSE:CNO) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 11,573 shares of the financial services provider’s stock, valued at approximately $431,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its position in shares of CNO Financial Group by 368.2% during the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 626 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of CNO Financial Group by 95.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 417 shares during the last quarter. Principal Securities Inc. increased 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 worth $36,000 after purchasing an additional 325 shares during the last quarter. Sound Income Strategies LLC bought a new stake in shares of CNO Financial Group in the fourth quarter worth about $54,000. Finally, GAMMA Investing LLC lifted its position in shares of CNO Financial Group by 15.3% in the fourth quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider’s stock worth $85,000 after buying an additional 304 shares in the last quarter. Institutional investors own 95.43% of the company’s stock.

CNO Financial Group Trading Up 0.1 %

Shares of CNO opened at $42.25 on Wednesday. The company’s fifty day simple moving average is $40.24 and its 200-day simple moving average is $37.90. The company has a market cap of $4.24 billion, a P/E ratio of 11.30 and a beta of 1.02. 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 twelve month low of $24.92 and a twelve month high of $42.77.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data 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 net margin of 9.08% and a return on equity of 17.20%. As a group, analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Monday, March 10th. CNO Financial Group’s payout ratio is currently 17.11%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CNO. Keefe, Bruyette & Woods lifted their price objective 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 stock a “hold” rating in a research report on Tuesday, December 10th. BMO Capital Markets assumed coverage on shares of CNO Financial Group in a research report on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price objective for the company. 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. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $46.00 price target (up previously from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, CNO Financial Group has an average rating of “Hold” and a consensus price target of $40.50.

Insider Buying and Selling at CNO Financial Group

In other news, 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 value of $1,636,080.00. Following the transaction, the general counsel now directly owns 204,143 shares in the company, valued at approximately $8,186,134.30. This represents a 16.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Scott L. Goldberg sold 25,500 shares of the business’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 sale, the insider now directly owns 169,342 shares of the company’s stock, valued at approximately $6,777,066.84. This trade represents a 13.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 132,600 shares of company stock valued at $5,372,187 in the last quarter. 3.21% of the stock is owned by 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.