Zurcher Kantonalbank Zurich Cantonalbank Buys 3,817 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 16.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,423 shares of the financial services provider’s stock after purchasing an additional 3,817 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CNO Financial Group were worth $737,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Assetmark Inc. raised its stake in shares of CNO Financial Group by 18.0% in the third quarter. Assetmark Inc. now owns 4,166 shares of the financial services provider’s stock worth $99,000 after buying an additional 634 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in CNO Financial Group by 23.2% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,438 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 835 shares in the last quarter. Everhart Financial Group Inc. boosted its position in shares of CNO Financial Group by 12.6% in the third quarter. Everhart Financial Group Inc. now owns 10,911 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 1,225 shares during the period. Great Lakes Advisors LLC boosted its position in shares of CNO Financial Group by 17.2% in the third quarter. Great Lakes Advisors LLC now owns 15,569 shares of the financial services provider’s stock worth $369,000 after purchasing an additional 2,290 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of CNO Financial Group in the fourth quarter worth $408,000. Institutional investors own 95.43% of the company’s stock.

CNO Financial Group Stock Up 1.9 %

CNO opened at $26.89 on Tuesday. The company has a market capitalization of $2.93 billion, a PE ratio of 11.16 and a beta of 1.03. The firm has a 50-day simple moving average of $26.61 and a two-hundred day simple moving average of $26.33. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. CNO Financial Group, Inc. has a 52 week low of $19.95 and a 52 week high of $28.39.

CNO Financial Group (NYSE:CNO) last posted its 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. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $934.05 million. CNO Financial Group had a return on equity of 17.51% and a net margin of 6.67%. Analysts forecast that CNO Financial Group, Inc. will post 3.14 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 Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Thursday, March 7th. CNO Financial Group’s dividend payout ratio (DPR) is presently 24.90%.

Insider Buying and Selling

In other CNO Financial Group news, CEO Gary C. Bhojwani sold 16,837 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $27.00, for a total transaction of $454,599.00. Following the completion of the transaction, the chief executive officer now owns 406,808 shares in the company, valued at $10,983,816. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Gary C. Bhojwani sold 9,434 shares of CNO Financial Group stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $26.87, for a total value of $253,491.58. Following the completion of the transaction, the chief executive officer now owns 332,694 shares in the company, valued at approximately $8,939,487.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gary C. Bhojwani sold 16,837 shares of the stock in a transaction 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 sale, the chief executive officer now owns 406,808 shares in the company, valued at approximately $10,983,816. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,590 shares of company stock worth $4,116,255. Insiders own 3.21% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CNO. StockNews.com cut shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Royal Bank of Canada boosted their price objective on CNO Financial Group from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Evercore ISI increased their target price on CNO Financial Group from $26.00 to $27.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 28th. Finally, Piper Sandler raised CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 price target on the stock in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $27.50.

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.