Kiker Wealth Management LLC Makes New Investment in CNO Financial Group, Inc. (NYSE:CNO)

Kiker Wealth Management LLC purchased a new position in shares of CNO Financial Group, Inc. (NYSE:CNO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 48,858 shares of the financial services provider’s stock, valued at approximately $1,818,000. CNO Financial Group comprises 1.5% of Kiker Wealth Management LLC’s holdings, making the stock its 16th largest position.

A number of other institutional investors also recently bought and sold shares of the business. Teacher Retirement System of Texas lifted its holdings in CNO Financial Group by 10.3% during the 4th quarter. Teacher Retirement System of Texas now owns 140,221 shares of the financial services provider’s stock worth $5,218,000 after buying an additional 13,092 shares during the last quarter. Xponance Inc. lifted its holdings in CNO Financial Group by 3.6% during the 4th quarter. Xponance Inc. now owns 14,799 shares of the financial services provider’s stock worth $551,000 after buying an additional 516 shares during the last quarter. Intech Investment Management LLC lifted its holdings in CNO Financial Group by 151.1% during the 4th quarter. Intech Investment Management LLC now owns 64,342 shares of the financial services provider’s stock worth $2,394,000 after buying an additional 38,721 shares during the last quarter. Cibc World Markets Corp purchased a new stake in CNO Financial Group during the 4th quarter worth about $367,000. Finally, Corient Private Wealth LLC lifted its holdings in CNO Financial Group by 2.6% during the 4th quarter. Corient Private Wealth LLC now owns 15,634 shares of the financial services provider’s stock worth $582,000 after buying an additional 400 shares during the last quarter. 95.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on CNO shares. Keefe, Bruyette & Woods boosted their target price on CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. 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 report on Monday, February 10th. Royal Bank of Canada boosted their target price on CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, February 10th. BMO Capital Markets started coverage on CNO Financial Group in a report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 target price for the company. Finally, Jefferies Financial Group boosted their target price on CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, CNO Financial Group currently has a consensus rating of “Hold” and a consensus price target of $40.50.

CNO Financial Group Stock Performance

Shares of CNO stock opened at $41.18 on Friday. The stock has a market capitalization of $4.13 billion, a PE ratio of 11.01 and a beta of 1.02. CNO Financial Group, Inc. has a 52-week low of $24.92 and a 52-week high of $42.41. The stock’s 50-day moving average price is $39.94 and its 200 day moving average price is $37.69. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61.

CNO Financial Group (NYSE:CNO) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) 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, equities research analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.55%. The ex-dividend date is Monday, March 10th. CNO Financial Group’s payout ratio is 17.11%.

Insiders Place Their Bets

In other CNO Financial Group news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the business’s stock in a transaction that occurred 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 transaction, the general counsel now owns 244,943 shares in the company, valued at approximately $10,162,685.07. The trade was a 14.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Scott L. Goldberg sold 25,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $40.11, for a total value of $1,022,805.00. Following the transaction, the insider now owns 169,342 shares in the company, valued at $6,792,307.62. The trade was a 13.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 132,600 shares of company stock worth $5,372,187. Company insiders own 3.00% of the company’s stock.

CNO Financial Group 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.