DGS Capital Management LLC Has $304,000 Position in CNO Financial Group, Inc. (NYSE:CNO)

DGS Capital Management LLC raised its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 11.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,170 shares of the financial services provider’s stock after acquiring an additional 863 shares during the quarter. DGS Capital Management LLC’s holdings in CNO Financial Group were worth $304,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Renaissance Technologies LLC acquired a new stake in shares of CNO Financial Group during the second quarter worth $765,000. Sei Investments Co. grew its position in shares of CNO Financial Group by 12.2% during the 2nd quarter. Sei Investments Co. now owns 133,955 shares of the financial services provider’s stock worth $3,713,000 after buying an additional 14,591 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of CNO Financial Group by 255.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 97,336 shares of the financial services provider’s stock valued at $2,698,000 after acquiring an additional 69,921 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of CNO Financial Group in the 2nd quarter valued at approximately $89,000. Finally, Squarepoint Ops LLC boosted its stake in CNO Financial Group by 346.9% during the 2nd quarter. Squarepoint Ops LLC now owns 197,648 shares of the financial services provider’s stock worth $5,479,000 after acquiring an additional 153,424 shares during the last quarter. Institutional investors own 95.43% of the company’s stock.

Insider Transactions at CNO Financial Group

In other CNO Financial Group news, CMO Rocco F. Tarasi III sold 1,484 shares of CNO Financial Group 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 directly owns 79,896 shares in the company, valued at approximately $3,037,645.92. The trade was a 1.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CIO Eric R. Johnson sold 3,978 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $39.09, for a total transaction of $155,500.02. Following the transaction, the executive now owns 631,844 shares of the company’s stock, valued at approximately $24,698,781.96. This represents a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,745 shares of company stock valued at $572,467 over the last 90 days. 3.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on CNO. BMO Capital Markets assumed coverage on shares of CNO Financial Group in a research note on Thursday. They issued a “market perform” rating and a $38.00 target price for the company. Piper Sandler upped their price objective on shares of CNO Financial Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Royal Bank of Canada boosted their target price on CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, Jefferies Financial Group raised their price target on CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $37.17.

CNO Financial Group Price Performance

Shares of NYSE CNO opened at $38.84 on Friday. The company has a fifty day moving average price of $38.20 and a 200 day moving average price of $35.39. CNO Financial Group, Inc. has a 1-year low of $24.92 and a 1-year high of $40.91. The firm has a market cap of $4.01 billion, a PE ratio of 15.66 and a beta of 1.04. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.29. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $945.44 million. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. CNO Financial Group’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 earnings per share. Research analysts predict that CNO Financial Group, Inc. will post 3.73 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were issued a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.65%. CNO Financial Group’s dividend payout ratio (DPR) is presently 25.81%.

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.