CNO Financial Group, Inc. (NYSE:CNO) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 37.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 671,636 shares of the financial services provider’s stock after acquiring an additional 181,711 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.65% of CNO Financial Group worth $24,945,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNO. Meritage Portfolio Management raised its stake in shares of CNO Financial Group by 12.5% in the fourth quarter. Meritage Portfolio Management now owns 20,776 shares of the financial services provider’s stock worth $773,000 after purchasing an additional 2,301 shares during the last quarter. Jennison Associates LLC raised its position in CNO Financial Group by 20.7% during the 4th quarter. Jennison Associates LLC now owns 62,707 shares of the financial services provider’s stock worth $2,333,000 after buying an additional 10,774 shares during the last quarter. Caprock Group LLC acquired a new stake in CNO Financial Group during the 4th quarter valued at approximately $253,000. EMC Capital Management boosted its holdings in shares of CNO Financial Group by 283.3% in the 4th quarter. EMC Capital Management now owns 29,605 shares of the financial services provider’s stock valued at $1,102,000 after acquiring an additional 21,881 shares during the last quarter. Finally, Ibex Wealth Advisors acquired a new stake in shares of CNO Financial Group in the fourth quarter worth $738,000. Institutional investors and hedge funds own 95.43% of the company’s stock.

Wall Street Analyst Weigh In

CNO has been the topic of several recent research reports. Jefferies Financial Group upped their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Piper Sandler restated an “overweight” rating and issued a $46.00 target price (up previously from $44.00) on shares of CNO Financial Group in a research note on Monday, February 10th. Royal Bank of Canada lifted their price target on CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods upped their price objective on CNO Financial Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, BMO Capital Markets started coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They set a “market perform” rating and a $38.00 target price for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.50.

Insider Buying and Selling

In other CNO Financial Group news, CIO Eric R. Johnson sold 3,978 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $39.09, for a total value of $155,500.02. Following the transaction, the executive now owns 631,844 shares in the company, valued at approximately $24,698,781.96. This trade represents a 0.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CMO Rocco F. Tarasi III sold 4,500 shares of CNO Financial Group stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $37.51, for a total transaction of $168,795.00. Following the sale, the chief marketing officer now directly owns 72,896 shares in the company, valued at approximately $2,734,328.96. This trade represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,962 shares of company stock worth $380,717. Insiders own 3.00% of the company’s stock.

CNO Financial Group Stock Down 0.2 %

CNO Financial Group stock opened at $41.42 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. The stock has a market capitalization of $4.27 billion, a PE ratio of 11.07 and a beta of 1.04. The business has a 50 day simple moving average of $38.43 and a 200-day simple moving average of $36.44. CNO Financial Group, Inc. has a 12 month low of $24.92 and a 12 month high of $42.02.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.21%. On average, analysts anticipate that CNO Financial Group, Inc. will post 3.79 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Monday, March 10th. CNO Financial Group’s dividend payout ratio is presently 17.11%.

CNO Financial Group Profile

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.