Hantz Financial Services Inc. Sells 4,559 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Hantz Financial Services Inc. lowered its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,258 shares of the financial services provider’s stock after selling 4,559 shares during the quarter. Hantz Financial Services Inc. owned approximately 0.08% of CNO Financial Group worth $2,986,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CNO. Principal Financial Group Inc. raised its holdings in CNO Financial Group by 6.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider’s stock worth $66,676,000 after purchasing an additional 107,589 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of CNO Financial Group by 69.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 39,946 shares of the financial services provider’s stock worth $1,402,000 after buying an additional 16,420 shares during the period. Barclays PLC raised its stake in shares of CNO Financial Group by 113.7% during the third 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 during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in CNO Financial Group in the third quarter valued at approximately $227,000. Finally, FMR LLC boosted its stake in CNO Financial Group by 28.8% in the third quarter. FMR LLC now owns 1,040,619 shares of the financial services provider’s stock valued at $36,526,000 after acquiring an additional 232,631 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.

Insider Activity at CNO Financial Group

In other news, CMO Rocco F. Tarasi III sold 4,500 shares of CNO Financial Group stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $37.51, for a total value of $168,795.00. Following the sale, the chief marketing officer now directly owns 72,896 shares in the company, valued at $2,734,328.96. This trade represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeremy David Williams sold 4,783 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $40.09, for a total transaction of $191,750.47. Following the transaction, the insider now owns 62,121 shares of the company’s stock, valued at $2,490,430.89. The trade was a 7.15 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,745 shares of company stock valued at $572,467. 3.00% of the stock is owned by corporate insiders.

CNO Financial Group Stock Up 0.7 %

NYSE:CNO opened at $40.19 on Friday. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 16.21 and a beta of 1.04. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. The stock has a 50-day moving average price of $38.26 and a two-hundred day moving average price of $35.65. CNO Financial Group, Inc. has a 1 year low of $24.92 and a 1 year high of $40.91.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.29. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $945.44 million. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. CNO Financial Group’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 EPS. As a group, equities analysts expect that CNO Financial Group, Inc. will post 3.73 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, December 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.59%. CNO Financial Group’s payout ratio is 25.81%.

Wall Street Analysts Forecast Growth

CNO has been the subject of several recent research reports. Piper Sandler upped their target price on shares of CNO Financial Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. BMO Capital Markets initiated coverage on CNO Financial Group in a report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price objective for the company. Jefferies Financial Group raised their target price 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 upped their price target on CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.17.

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.