Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 16.9% during the 4th quarter, HoldingsChannel reports. The firm owned 26,423 shares of the financial services provider’s stock after purchasing an additional 3,817 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CNO Financial Group were worth $737,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CNO. American Century Companies Inc. lifted its position in CNO Financial Group by 10.2% during the third quarter. American Century Companies Inc. now owns 1,350,120 shares of the financial services provider’s stock worth $32,038,000 after buying an additional 125,047 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings 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 acquiring an additional 290,585 shares during the period. Hsbc Holdings PLC acquired a new position in shares of CNO Financial Group during the 3rd quarter valued at about $1,257,000. Massachusetts Financial Services Co. MA boosted its position 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 valued at $43,630,000 after acquiring an additional 22,012 shares during the last quarter. Finally, Ibex Wealth Advisors purchased a new stake in shares of CNO Financial Group in the third quarter valued at about $466,000. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on CNO. Royal Bank of Canada boosted 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. Piper Sandler upgraded CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 price objective on the stock in a report on Tuesday, April 16th. StockNews.com cut CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Finally, Evercore ISI lifted their target price on CNO Financial Group from $26.00 to $27.00 and gave the company an “underperform” rating in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, CNO Financial Group has a consensus rating of “Hold” and an average target price of $27.50.

Insider Buying and Selling at CNO Financial Group

In other news, CEO Gary C. Bhojwani sold 18,692 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $27.52, for a total transaction of $514,403.84. Following the sale, the chief executive officer now owns 314,002 shares of the company’s stock, valued at $8,641,335.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CNO Financial Group news, CEO Gary C. Bhojwani sold 16,837 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $27.00, for a total value of $454,599.00. Following the completion of the transaction, the chief executive officer now owns 406,808 shares of the company’s stock, valued at approximately $10,983,816. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary C. Bhojwani sold 18,692 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $27.52, for a total transaction of $514,403.84. Following the completion of the transaction, the chief executive officer now owns 314,002 shares of the company’s stock, valued at approximately $8,641,335.04. The disclosure for this sale can be found here. Insiders 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 owned by corporate insiders.

CNO Financial Group Stock Performance

NYSE:CNO opened at $26.89 on Tuesday. CNO Financial Group, Inc. has a fifty-two week low of $19.95 and a fifty-two week high of $28.39. 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 company has a 50 day moving average price of $26.61 and a 200 day moving average price of $26.33. The stock has a market capitalization of $2.93 billion, a P/E ratio of 11.16 and a beta of 1.03.

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

CNO Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Thursday, March 7th. CNO Financial Group’s dividend payout ratio (DPR) is 24.90%.

CNO Financial Group Company 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.