Fox Run Management L.L.C. Purchases Shares of 32,770 CNO Financial Group, Inc. $CNO

Fox Run Management L.L.C. purchased a new stake in shares of CNO Financial Group, Inc. (NYSE:CNO) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 32,770 shares of the financial services provider’s stock, valued at approximately $1,392,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CNO. Millennium Management LLC boosted its stake in CNO Financial Group by 190.3% during the 3rd quarter. Millennium Management LLC now owns 579,656 shares of the financial services provider’s stock valued at $22,925,000 after purchasing an additional 379,984 shares in the last quarter. Capitolis Liquid Global Markets LLC boosted its stake in shares of CNO Financial Group by 384.9% during the 3rd quarter. Capitolis Liquid Global Markets LLC now owns 438,800 shares of the financial services provider’s stock worth $17,355,000 after acquiring an additional 348,300 shares in the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of CNO Financial Group during the 2nd quarter worth $10,651,000. Qube Research & Technologies Ltd boosted its stake in shares of CNO Financial Group by 70.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 539,233 shares of the financial services provider’s stock worth $20,804,000 after acquiring an additional 223,633 shares in the last quarter. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of CNO Financial Group during the 3rd quarter worth $8,018,000. 95.43% of the stock is owned by institutional investors.

CNO Financial Group Price Performance

CNO opened at $48.04 on Tuesday. The stock has a fifty day moving average of $44.67 and a 200-day moving average of $42.82. The firm has a market capitalization of $4.48 billion, a P/E ratio of 19.29 and a beta of 0.82. CNO Financial Group, Inc. has a 12-month low of $35.24 and a 12-month high of $48.26. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.61.

CNO Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be issued a $0.18 dividend. The ex-dividend date is Wednesday, June 10th. This is an increase 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 is currently 27.31%.

Insider Activity

In other news, insider Scott L. Goldberg sold 11,060 shares of the stock in a transaction 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 owned 214,524 shares in the company, valued at $8,574,524.28. This represents a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.44% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.