Intech Investment Management LLC Has $2.39 Million Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Intech Investment Management LLC raised its stake in CNO Financial Group, Inc. (NYSE:CNO) by 151.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 64,342 shares of the financial services provider’s stock after buying an additional 38,721 shares during the quarter. Intech Investment Management LLC owned 0.06% of CNO Financial Group worth $2,394,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its holdings in shares of CNO Financial Group by 368.2% during the 4th quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider’s stock worth $30,000 after buying an additional 626 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of CNO Financial Group by 95.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 417 shares during the period. 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 worth $36,000 after purchasing an additional 325 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in shares of CNO Financial Group during the 4th quarter worth about $54,000. Finally, GAMMA Investing LLC increased its position in shares of CNO Financial Group by 15.3% during the 4th quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 304 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods raised their price objective on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. Royal Bank of Canada lifted their price objective on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $46.00 price target (up previously from $44.00) on shares of CNO Financial Group in a research note on Monday, February 10th. BMO Capital Markets started coverage on shares of CNO Financial Group in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price target on the stock. Finally, Jefferies Financial Group lifted their price objective on shares of 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 given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $40.50.

CNO Financial Group Stock Performance

CNO Financial Group stock opened at $41.18 on Friday. The business has a 50 day moving average of $39.94 and a 200-day moving average of $37.69. CNO Financial Group, Inc. has a 1 year low of $24.92 and a 1 year high of $42.41. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. The company has a market capitalization of $4.13 billion, a P/E ratio of 11.01 and a beta of 1.02.

CNO Financial Group (NYSE:CNO) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. On average, equities research analysts predict that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a $0.16 dividend. 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 currently 17.11%.

Insiders Place Their Bets

In other news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $40.10, for a total transaction of $1,636,080.00. Following the sale, the general counsel now directly owns 204,143 shares in the company, valued at $8,186,134.30. This represents a 16.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Scott L. Goldberg sold 25,500 shares of the business’s stock in a transaction dated 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 directly owns 169,342 shares of the company’s stock, 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. Insiders have sold 132,600 shares of company stock valued at $5,372,187 in the last three months. 3.00% of the stock is currently owned by insiders.

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.