EntryPoint Capital LLC Makes New $431,000 Investment in CNO Financial Group, Inc. (NYSE:CNO)

EntryPoint Capital LLC purchased a new stake in CNO Financial Group, Inc. (NYSE:CNO) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 11,573 shares of the financial services provider’s stock, valued at approximately $431,000.

Other hedge funds have also recently modified their holdings of the company. Intech Investment Management LLC raised its stake in CNO Financial Group by 52.5% in the third quarter. Intech Investment Management LLC now owns 25,621 shares of the financial services provider’s stock worth $899,000 after buying an additional 8,815 shares in the last quarter. Citigroup Inc. raised its position in shares of CNO Financial Group by 78.0% in the 3rd quarter. Citigroup Inc. now owns 129,925 shares of the financial services provider’s stock worth $4,560,000 after acquiring an additional 56,932 shares in the last quarter. Cerity Partners LLC raised its position in shares of CNO Financial Group by 53.1% in the 3rd quarter. Cerity Partners LLC now owns 12,040 shares of the financial services provider’s stock worth $423,000 after acquiring an additional 4,178 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of CNO Financial Group during the 3rd quarter worth $227,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in CNO Financial Group during the third quarter valued at about $311,000. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, insider Scott L. Goldberg sold 25,500 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $40.02, for a total value of $1,020,510.00. Following the sale, the insider now owns 169,342 shares in the company, valued at $6,777,066.84. This represents a 13.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of CNO Financial Group stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $41.49, for a total value of $1,692,792.00. Following the transaction, the general counsel now owns 244,943 shares of the company’s stock, valued at approximately $10,162,685.07. This represents a 14.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 132,600 shares of company stock worth $5,372,187. 3.21% of the stock is owned by company insiders.

CNO Financial Group Trading Up 0.1 %

NYSE CNO opened at $42.25 on Wednesday. CNO Financial Group, Inc. has a 12-month low of $24.92 and a 12-month high of $42.77. The company has a fifty day simple moving average of $40.24 and a two-hundred day simple moving average of $37.90. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61. The stock has a market cap of $4.24 billion, a P/E ratio of 11.30 and a beta of 1.02.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.25. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. On average, analysts forecast that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a $0.16 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.51%. CNO Financial Group’s dividend payout ratio is currently 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.