32,770 Shares in CNO Financial Group, Inc. $CNO Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new position in shares of CNO Financial Group, Inc. (NYSE:CNO) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 32,770 shares of the financial services provider’s stock, valued at approximately $1,392,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Optiver Holding B.V. raised its holdings in shares of CNO Financial Group by 90.1% during the third quarter. Optiver Holding B.V. now owns 637 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 302 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of CNO Financial Group by 39.2% during 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. Signaturefd LLC raised its holdings in shares of CNO Financial Group by 18.7% during the fourth quarter. Signaturefd LLC now owns 2,217 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 349 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of CNO Financial Group by 32.1% during the third quarter. EverSource Wealth Advisors LLC now owns 1,553 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 377 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of CNO Financial Group by 25.0% during the fourth quarter. Fifth Third Bancorp now owns 1,888 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 377 shares in the last quarter. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CNO shares. Wall Street Zen lowered CNO Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings restated a “buy (b)” rating on shares of CNO Financial Group in a report on Monday, April 20th. Keefe, Bruyette & Woods raised their target price on CNO Financial Group from $46.00 to $50.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th. Finally, Evercore set a $48.00 target price on CNO Financial Group and gave the company an “in-line” rating in a report on Monday, June 1st. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, CNO Financial Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.75.

Insiders Place Their Bets

In other CNO Financial Group news, insider Scott L. Goldberg sold 11,060 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $39.97, for a total transaction of $442,068.20. Following the transaction, the insider directly owned 214,524 shares in the company, valued at $8,574,524.28. This trade represents a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.44% of the stock is currently owned by company insiders.

CNO Financial Group Price Performance

NYSE CNO opened at $48.04 on Tuesday. CNO Financial Group, Inc. has a fifty-two week low of $35.24 and a fifty-two week high of $48.26. The stock’s 50-day moving average is $44.67 and its two-hundred day moving average is $42.82. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market cap of $4.48 billion, a P/E ratio of 19.29 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 issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.5%. This is an increase from CNO Financial Group’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, June 10th. CNO Financial Group’s dividend payout ratio is 27.31%.

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.