10,698 Shares in CNO Financial Group, Inc. $CNO Purchased by Versor Investments LP

Versor Investments LP purchased a new position in CNO Financial Group, Inc. (NYSE:CNO) during the fourth quarter, HoldingsChannel reports. The firm purchased 10,698 shares of the financial services provider’s stock, valued at approximately $454,000.

A number of other hedge funds also recently bought and sold shares of the company. Franklin Resources Inc. boosted its stake in CNO Financial Group by 1.0% in the 3rd quarter. Franklin Resources Inc. now owns 4,302,316 shares of the financial services provider’s stock worth $170,157,000 after purchasing an additional 42,467 shares in the last quarter. American Century Companies Inc. boosted its stake in CNO Financial Group by 3.8% in the 3rd quarter. American Century Companies Inc. now owns 3,239,944 shares of the financial services provider’s stock worth $128,140,000 after purchasing an additional 118,417 shares in the last quarter. AQR Capital Management LLC boosted its stake in CNO Financial Group by 8.1% in the 3rd quarter. AQR Capital Management LLC now owns 898,238 shares of the financial services provider’s stock worth $35,525,000 after purchasing an additional 66,937 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in CNO Financial Group by 11.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 882,512 shares of the financial services provider’s stock worth $34,903,000 after purchasing an additional 91,417 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in CNO Financial Group by 32.6% in the 2nd quarter. Balyasny Asset Management L.P. now owns 764,867 shares of the financial services provider’s stock worth $29,509,000 after purchasing an additional 187,974 shares in the last quarter. Institutional investors own 95.43% of the company’s stock.

Wall Street Analyst Weigh In

CNO has been the topic of a number of analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of CNO Financial Group in a research note on Monday, April 20th. Evercore reiterated an “underperform” rating and issued a $43.00 price target on shares of CNO Financial Group in a research note on Wednesday, February 18th. Keefe, Bruyette & Woods upped their price target on shares of CNO Financial Group from $46.00 to $50.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 5th. Finally, Wall Street Zen cut shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $47.50.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, insider Yvonne K. Franzese sold 9,000 shares of CNO Financial Group stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $43.17, for a total value of $388,530.00. Following the completion of the sale, the insider owned 35,062 shares of the company’s stock, valued at approximately $1,513,626.54. The trade was a 20.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Matthew J. Zimpfer sold 33,800 shares of CNO Financial Group stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $43.05, for a total transaction of $1,455,090.00. Following the completion of the sale, the general counsel directly owned 307,937 shares of the company’s stock, valued at approximately $13,256,687.85. This trade represents a 9.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 165,808 shares of company stock worth $7,113,321. Company insiders own 3.44% of the company’s stock.

CNO Financial Group Stock Up 2.5%

CNO opened at $47.16 on Friday. CNO Financial Group, Inc. has a twelve month low of $35.24 and a twelve month high of $47.23. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.61. The firm has a 50 day moving average price of $42.52 and a 200-day moving average price of $42.04. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 18.94 and a beta of 0.82.

CNO Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be given a $0.18 dividend. This is a boost from CNO Financial Group’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $0.72 dividend on an annualized basis and a yield of 1.5%. CNO Financial Group’s payout ratio is presently 28.92%.

About CNO Financial Group

CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.