VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Position in CNO Financial Group, Inc. $CNO

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of CNO Financial Group, Inc. (NYSE:CNO) during the fourth quarter, HoldingsChannel reports. The fund acquired 10,600 shares of the financial services provider’s stock, valued at approximately $450,000.

Other large investors have also recently modified their holdings of the company. Optiver Holding B.V. lifted its stake in shares of CNO Financial Group by 90.1% in the 3rd quarter. Optiver Holding B.V. now owns 637 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 302 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of CNO Financial Group by 353.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 743 shares of the financial services provider’s stock worth $29,000 after buying an additional 579 shares during the last quarter. Richardson Financial Services Inc. bought a new position in CNO Financial Group during the 4th quarter valued at approximately $37,000. EverSource Wealth Advisors LLC raised its stake in CNO Financial Group by 123.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,176 shares of the financial services provider’s stock valued at $45,000 after buying an additional 649 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in CNO Financial Group by 39.2% in the second quarter. Osaic Holdings Inc. now owns 1,194 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 336 shares in the last quarter. Institutional investors own 95.43% of the company’s stock.

CNO Financial Group Stock Up 2.2%

CNO opened at $47.83 on Tuesday. CNO Financial Group, Inc. has a 1-year low of $35.24 and a 1-year high of $47.95. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $4.46 billion, a PE ratio of 19.21 and a beta of 0.82. The firm’s 50 day simple moving average is $42.71 and its two-hundred day simple moving average is $42.14.

CNO Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, June 10th. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.5%. CNO Financial Group’s dividend payout ratio (DPR) is 27.31%.

Insiders Place Their Bets

In other news, insider Scott L. Goldberg sold 11,060 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $39.97, for a total value of $442,068.20. Following the completion of the sale, the insider directly owned 214,524 shares of the company’s stock, valued at $8,574,524.28. This trade represents a 4.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary C. Bhojwani sold 43,021 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $43.05, for a total value of $1,852,054.05. Following the sale, the chief executive officer owned 277,526 shares in the company, valued at $11,947,494.30. The trade was a 13.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 87,881 shares of company stock valued at $3,749,212 in the last quarter. 3.44% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CNO shares. Wall Street Zen downgraded CNO Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings reissued a “buy (b)” rating on shares of CNO Financial Group in a research report on Monday, April 20th. Keefe, Bruyette & Woods lifted their target price on shares of CNO Financial Group from $46.00 to $50.00 and gave the stock a “market perform” rating in a report on Tuesday, May 5th. Finally, Evercore reiterated an “underperform” rating and issued a $43.00 target price on shares of CNO Financial Group in a research note on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $47.50.

CNO Financial Group Company Profile

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.