Alliancebernstein L.P. Sells 4,014 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Alliancebernstein L.P. lowered its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 222,416 shares of the financial services provider’s stock after selling 4,014 shares during the period. Alliancebernstein L.P. owned 0.22% of CNO Financial Group worth $8,276,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EP Wealth Advisors LLC bought a new position in shares of CNO Financial Group in the third quarter worth approximately $418,000. Barclays PLC grew its stake in CNO Financial Group by 113.7% in the 3rd quarter. Barclays PLC now owns 219,141 shares of the financial services provider’s stock worth $7,691,000 after buying an additional 116,617 shares in the last quarter. Vestcor Inc bought a new position in shares of CNO Financial Group in the 3rd quarter worth $579,000. Tidal Investments LLC raised its position in shares of CNO Financial Group by 11.3% during the 3rd quarter. Tidal Investments LLC now owns 11,246 shares of the financial services provider’s stock valued at $395,000 after buying an additional 1,145 shares in the last quarter. Finally, DGS Capital Management LLC bought a new position in CNO Financial Group in the third quarter valued at $256,000. Institutional investors own 95.43% of the company’s stock.

Wall Street Analysts Forecast Growth

CNO has been the subject of a number of research reports. Keefe, Bruyette & Woods upped their price objective on CNO Financial Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. BMO Capital Markets assumed coverage on shares of CNO Financial Group in a research report on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price target on the stock. Royal Bank of Canada boosted their price objective on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Finally, Piper Sandler increased their target price on shares of CNO Financial Group from $46.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $41.00.

CNO Financial Group Stock Up 0.8 %

Shares of CNO Financial Group stock opened at $36.82 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. CNO Financial Group, Inc. has a 52-week low of $25.08 and a 52-week high of $43.20. The company’s 50 day moving average price is $40.25 and its 200-day moving average price is $38.40. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 9.84 and a beta of 0.90.

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

CNO Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Monday, March 10th. CNO Financial Group’s payout ratio is 17.11%.

Insiders Place Their Bets

In related news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the general counsel now 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott L. Goldberg sold 25,500 shares of CNO Financial Group stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $40.02, for a total transaction of $1,020,510.00. Following the completion of the sale, the insider now owns 169,342 shares in the company, valued at approximately $6,777,066.84. This trade represents a 13.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 159,512 shares of company stock worth $6,497,710. 3.00% of the stock is currently owned by company insiders.

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.