14,629 Shares in CNO Financial Group, Inc. (NYSE:CNO) Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new position in CNO Financial Group, Inc. (NYSE:CNO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,629 shares of the financial services provider’s stock, valued at approximately $408,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in CNO Financial Group by 10.2% in the 3rd quarter. American Century Companies Inc. now owns 1,350,120 shares of the financial services provider’s stock worth $32,038,000 after purchasing an additional 125,047 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of CNO Financial Group by 97.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 587,569 shares of the financial services provider’s stock worth $16,393,000 after buying an additional 290,585 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of CNO Financial Group during the 3rd quarter worth about $1,257,000. Massachusetts Financial Services Co. MA boosted its stake in shares of CNO Financial Group by 1.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,838,581 shares of the financial services provider’s stock worth $43,630,000 after buying an additional 22,012 shares during the last quarter. Finally, Ibex Wealth Advisors acquired a new position in shares of CNO Financial Group during the 3rd quarter worth about $466,000. 95.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CNO Financial Group

In other CNO Financial Group news, insider Karen Detoro sold 2,778 shares of the stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $27.10, for a total value of $75,283.80. Following the transaction, the insider now directly owns 69,605 shares of the company’s stock, valued at approximately $1,886,295.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other CNO Financial Group news, insider Karen Detoro sold 2,778 shares of the stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $27.10, for a total value of $75,283.80. Following the transaction, the insider now directly owns 69,605 shares of the company’s stock, valued at approximately $1,886,295.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gary C. Bhojwani sold 16,837 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $27.00, for a total transaction of $454,599.00. Following the completion of the transaction, the chief executive officer now directly owns 406,808 shares in the company, valued at $10,983,816. The disclosure for this sale can be found here. Insiders have sold a total of 152,590 shares of company stock valued at $4,116,255 in the last three months. 3.21% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CNO has been the subject of a number of recent research reports. Piper Sandler upgraded shares of CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 price objective for the company in a research note on Tuesday. StockNews.com downgraded shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Evercore ISI upped their target price on shares of CNO Financial Group from $26.00 to $27.00 and gave the company an “underperform” rating in a report on Wednesday, February 28th. Finally, Royal Bank of Canada upped their target price on shares of CNO Financial Group from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $27.50.

CNO Financial Group Stock Down 1.9 %

Shares of CNO stock opened at $25.12 on Thursday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. The firm’s 50-day moving average is $26.71 and its 200-day moving average is $26.15. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 10.42 and a beta of 1.03. CNO Financial Group, Inc. has a 52-week low of $19.95 and a 52-week high of $28.39.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Tuesday, February 6th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.33. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $934.05 million. CNO Financial Group had a net margin of 6.67% and a return on equity of 17.51%. Sell-side analysts predict that CNO Financial Group, Inc. will post 3.14 EPS for the current year.

CNO Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.60 annualized dividend and a yield of 2.39%. CNO Financial Group’s dividend payout ratio is currently 24.90%.

About CNO Financial Group

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.