Edgestream Partners L.P. Invests $5.35 Million in CNO Financial Group, Inc. (NYSE:CNO)

Edgestream Partners L.P. acquired a new position in CNO Financial Group, Inc. (NYSE:CNO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 143,880 shares of the financial services provider’s stock, valued at approximately $5,354,000. Edgestream Partners L.P. owned about 0.14% of CNO Financial Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in shares of CNO Financial Group by 58.7% in the fourth quarter. Pacer Advisors Inc. now owns 24,580 shares of the financial services provider’s stock valued at $915,000 after purchasing an additional 9,096 shares during the period. Principal Financial Group Inc. lifted its position 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 acquiring an additional 107,589 shares during the last quarter. Allianz Asset Management GmbH lifted its position in CNO Financial Group by 1.3% during the 4th quarter. Allianz Asset Management GmbH now owns 848,407 shares of the financial services provider’s stock worth $31,569,000 after acquiring an additional 10,846 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in CNO Financial Group by 69.8% during the third quarter. BNP Paribas Financial Markets now owns 39,946 shares of the financial services provider’s stock valued at $1,402,000 after acquiring an additional 16,420 shares during the period. Finally, Congress Asset Management Co. grew its position in shares of CNO Financial Group by 5.9% in the fourth quarter. Congress Asset Management Co. now owns 157,004 shares of the financial services provider’s stock valued at $5,842,000 after purchasing an additional 8,689 shares during the last quarter. Institutional investors own 95.43% of the company’s stock.

Analyst Ratings Changes

CNO has been the subject of a number of research analyst reports. Piper Sandler reiterated an “overweight” rating and set a $46.00 price target (up from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. Keefe, Bruyette & Woods upped their target price on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a research note on Wednesday, February 12th. Royal Bank of Canada raised their price target on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. BMO Capital Markets began coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price objective on the stock. Finally, Jefferies Financial Group increased their target price on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, CNO Financial Group has an average rating of “Hold” and a consensus target price of $40.50.

Insider Transactions at CNO Financial Group

In other news, CMO Rocco F. Tarasi III sold 1,484 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $38.02, for a total value of $56,421.68. Following the sale, the chief marketing officer now owns 79,896 shares of the company’s stock, valued at $3,037,645.92. The trade was a 1.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Scott L. Goldberg sold 25,500 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $40.11, for a total transaction of $1,022,805.00. Following the completion of the transaction, the insider now directly owns 169,342 shares of the company’s stock, valued at approximately $6,792,307.62. This trade represents a 13.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 138,584 shares of company stock valued at $5,597,404 over the last three months. Company insiders own 3.00% of the company’s stock.

CNO Financial Group Stock Performance

Shares of CNO stock opened at $39.65 on Friday. The stock has a market cap of $4.00 billion, a PE ratio of 10.60 and a beta of 1.02. The stock has a 50-day moving average of $39.38 and a 200-day moving average of $37.25. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. CNO Financial Group, Inc. has a one year low of $24.92 and a one year high of $42.41.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. As a group, sell-side analysts expect that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.61%. CNO Financial Group’s dividend payout ratio (DPR) is 17.11%.

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.