1 week Ago By ABMN Staff
Pictet Asset Management Holding SA grew its position in shares of CNO Financial Group, Inc. ( NYSE:CNO – Free Report ) by 25.3% during the 4th quarter, according to the company in its most recent filing with the SEC.
The firm owned 16,221 shares of the financial services provider’s stock after purchasing an additional 3,276 shares during the quarter. Pictet Asset Management Holding SA’s holdings in CNO Financial Group were worth $604,000 as of its most recent filing with the SEC. A number of other hedge funds and other institutional investors also recently modified their holdings of the company.
Principal Securities Inc. lifted its stake in CNO Financial Group by 51.6% during 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 last quarter. Pacer Advisors Inc.
lifted its position in shares of CNO Financial Group by 58.7% during the 4th quarter. Pacer Advisors Inc.
now owns 24,580 shares of the financial services provider’s stock valued at $915,000 after acquiring an additional 9,096 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of CNO Financial Group by 7.
4% during the 4th quarter. Blue Trust Inc. now owns 6,737 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 464 shares in the last quarter.
KBC Group NV grew its holdings in shares of CNO Financial Group by 49.0% in the 4th quarter. KBC Group NV now owns 4,990 shares of the financial services provider’s stock worth $186,000 after acquiring an additional 1,641 shares during the last quarter.
Finally, Proficio Capital Partners LLC acquired a new stake in shares of CNO Financial Group during the fourth quarter worth $903,000. Institutional investors own 95.43% of the company’s stock.
Wall Street Analysts Forecast Growth A number of brokerages recently weighed in on CNO. Royal Bank of Canada lifted their price target on CNO Financial Group from $40.00 to $45.
00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Piper Sandler boosted their price target on shares of CNO Financial Group from $46.00 to $49.
00 and gave the company an “overweight” rating in a report on Wednesday, April 2nd. BMO Capital Markets initiated 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. Jefferies Financial Group boosted their target price on shares of CNO Financial Group from $36.00 to $41.
00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods raised their target price on CNO Financial Group from $42.00 to $44.
00 and gave the stock a “market perform” rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, CNO Financial Group presently has a consensus rating of “Hold” and a consensus target price of $41.
00. CNO Financial Group Trading Down 0.7 % CNO Financial Group stock opened at $35.
95 on Wednesday. CNO Financial Group, Inc. has a 12 month low of $24.
92 and a 12 month high of $43.20. The company has a quick ratio of 0.
19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61.
The stock has a market cap of $3.61 billion, a P/E ratio of 9.61 and a beta of 0.
90. The company’s fifty day simple moving average is $40.39 and its 200-day simple moving average is $38.
33. CNO Financial Group ( NYSE:CNO – Get Free Report ) last issued its earnings results 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%.
As a group, sell-side analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.
CNO Financial Group Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a $0.16 dividend.
This represents a $0.64 annualized dividend and a yield of 1.78%.
The ex-dividend date of this dividend was Monday, March 10th. CNO Financial Group’s dividend payout ratio is 17.11%.
Insider Transactions at CNO Financial Group In other CNO Financial Group news, insider Scott L. Goldberg sold 25,500 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $40.
11, for a total transaction of $1,022,805.00. Following the transaction, the insider now owns 169,342 shares in the company, valued at $6,792,307.
62. This trade represents a 13.09 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the SEC, which is available at the SEC website . Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the business’s 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 completion of the sale, the general counsel now owns 244,943 shares of the company’s stock, 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 . Insiders have sold a total of 159,512 shares of company stock worth $6,497,710 in the last 90 days.
3.00% of the stock is owned by insiders. CNO Financial Group Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding CNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNO Financial Group, Inc.
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