35,606 Shares in CNO Financial Group, Inc. (NYSE:CNO) Bought by Bryce Point Capital LLC

Bryce Point Capital LLC bought a new stake in shares of CNO Financial Group, Inc. (NYSE:CNO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 35,606 shares of the financial services provider’s stock, valued at approximately $1,325,000.

Other large investors have also bought and sold shares of the company. Jones Financial Companies Lllp lifted 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 in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of CNO Financial Group by 95.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 417 shares in the last quarter. Principal Securities Inc. increased its position in shares of CNO Financial Group by 51.6% during the 4th 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. Headlands Technologies LLC raised its stake in shares of CNO Financial Group by 193.2% during the fourth quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 881 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new stake in CNO Financial Group during the fourth quarter valued at about $54,000. 95.43% of the stock is owned by hedge funds and other institutional investors.

CNO Financial Group Stock Performance

CNO opened at $42.01 on Wednesday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. CNO Financial Group, Inc. has a 1-year low of $24.92 and a 1-year high of $43.20. The company has a 50 day simple moving average of $40.57 and a two-hundred day simple moving average of $38.23. The firm has a market cap of $4.21 billion, a P/E ratio of 11.23 and a beta of 1.02.

CNO Financial Group (NYSE:CNO) last posted its quarterly 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%. Equities analysts forecast that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Monday, March 10th. CNO Financial Group’s dividend payout ratio (DPR) is presently 17.11%.

Wall Street Analysts Forecast Growth

CNO has been the topic of several recent analyst reports. Piper Sandler reissued an “overweight” rating and issued a $46.00 target price (up from $44.00) on shares of CNO Financial Group in a research note on Monday, February 10th. BMO Capital Markets initiated coverage on 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. Keefe, Bruyette & Woods upped their target price on shares of 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 lifted their price objective on CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada raised 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $40.50.

Insiders Place Their Bets

In other news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the firm’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 completion of the sale, the general counsel now owns 204,143 shares in the company, valued at approximately $8,186,134.30. This trade represents a 16.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Yvonne K. Franzese sold 2,013 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $42.18, for a total value of $84,908.34. Following the transaction, the insider now directly owns 26,994 shares in the company, valued at approximately $1,138,606.92. This represents a 6.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 144,819 shares of company stock valued at $5,886,922 in the last three months. Corporate insiders own 3.00% of the company’s stock.

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.