38,100 Shares in CNO Financial Group, Inc. (NYSE:CNO) Bought by Calamos Advisors LLC

Calamos Advisors LLC purchased a new position in CNO Financial Group, Inc. (NYSE:CNO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 38,100 shares of the financial services provider’s stock, valued at approximately $1,063,000.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in CNO Financial Group during the 1st quarter valued at approximately $26,000. Ronald Blue Trust Inc. boosted its stake in CNO Financial Group by 95.8% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,915 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 937 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in CNO Financial Group during the 4th quarter valued at about $50,000. Castleview Partners LLC bought a new stake in CNO Financial Group during the 1st quarter valued at about $63,000. Finally, Assetmark Inc. lifted its stake in shares of CNO Financial Group by 18.0% in the third quarter. Assetmark Inc. now owns 4,166 shares of the financial services provider’s stock worth $99,000 after buying an additional 634 shares in the last quarter. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CNO shares. Royal Bank of Canada increased their price target 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. StockNews.com cut CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Piper Sandler raised CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 target price for the company in a research report on Tuesday, April 16th. Finally, Evercore ISI raised their target price on shares of CNO Financial Group from $26.00 to $27.00 and gave the stock an “underperform” rating in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, CNO Financial Group has an average rating of “Hold” and an average price target of $27.50.

Insider Buying and Selling at CNO Financial Group

In other news, EVP Yvonne K. Franzese sold 7,214 shares of CNO Financial Group stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $27.43, for a total transaction of $197,880.02. Following the transaction, the executive vice president now directly owns 46,632 shares of the company’s stock, valued at approximately $1,279,115.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other CNO Financial Group news, EVP Matthew J. Zimpfer sold 3,220 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $26.76, for a total value of $86,167.20. Following the completion of the sale, the executive vice president now owns 278,997 shares in the company, valued at approximately $7,465,959.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Yvonne K. Franzese sold 7,214 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $27.43, for a total value of $197,880.02. Following the sale, the executive vice president now directly owns 46,632 shares in the company, valued at $1,279,115.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 152,590 shares of company stock valued at $4,116,255. Company insiders own 3.00% of the company’s stock.

CNO Financial Group Price Performance

Shares of NYSE:CNO opened at $26.19 on Monday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $2.85 billion, a PE ratio of 10.87 and a beta of 1.03. The firm’s 50 day moving average price is $26.66 and its 200-day moving average price is $26.21. CNO Financial Group, Inc. has a twelve month low of $19.95 and a twelve month high of $28.39.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Tuesday, February 6th. The financial services provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.33. The business had revenue of $1.17 billion during 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%. Equities research analysts expect that CNO Financial Group, Inc. will post 3.14 EPS for the current year.

CNO Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.60 annualized dividend and a yield of 2.29%. CNO Financial Group’s dividend payout ratio (DPR) is presently 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.