VIRGINIA RETIREMENT SYSTEMS ET Al Invests $450,000 in CNO Financial Group, Inc. $CNO

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of CNO Financial Group, Inc. (NYSE:CNO) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 10,600 shares of the financial services provider’s stock, valued at approximately $450,000.

Other institutional investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC bought a new position in shares of CNO Financial Group in the 3rd quarter worth about $1,077,000. GSA Capital Partners LLP bought a new stake in CNO Financial Group in the third quarter valued at $1,469,000. AlphaQuest LLC bought a new position in CNO Financial Group in the third quarter worth approximately $3,057,000. Lighthouse Investment Partners LLC acquired a new stake in CNO Financial Group in the third quarter valued at approximately $8,018,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of CNO Financial Group by 11.6% during the third quarter. JPMorgan Chase & Co. now owns 882,512 shares of the financial services provider’s stock valued at $34,903,000 after acquiring an additional 91,417 shares in the last quarter. Institutional investors own 95.43% of the company’s stock.

CNO Financial Group Price Performance

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 debt-to-equity ratio of 1.61, a current ratio of 0.17 and a quick ratio of 0.17. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 19.21 and a beta of 0.82. The firm’s fifty day moving average price is $42.71 and its two-hundred day moving average price is $42.14.

CNO Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis 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%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CNO. Evercore reissued an “underperform” rating and issued a $43.00 price target on shares of CNO Financial Group in a research report on Wednesday, February 18th. Keefe, Bruyette & Woods upped 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. Wall Street Zen downgraded CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of CNO Financial Group in a report on Monday, April 20th. 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $47.50.

Insider Buying and Selling

In other CNO Financial Group news, General Counsel Matthew J. Zimpfer sold 33,800 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $43.05, for a total transaction of $1,455,090.00. Following the sale, the general counsel directly owned 307,937 shares of the company’s stock, valued at $13,256,687.85. This represents a 9.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Scott L. Goldberg sold 11,060 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $39.97, for a total value of $442,068.20. Following the transaction, the insider owned 214,524 shares of the company’s stock, valued at approximately $8,574,524.28. The trade was a 4.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 87,881 shares of company stock valued at $3,749,212. 3.44% of the stock is owned by insiders.

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.