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

Allspring Global Investments Holdings LLC boosted its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 37.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 671,636 shares of the financial services provider’s stock after purchasing an additional 181,711 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in CNO Financial Group were worth $24,945,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Sound Income Strategies LLC acquired a new position in shares of CNO Financial Group during the 4th quarter valued at about $54,000. CWM LLC raised its stake in CNO Financial Group by 53.0% during the third quarter. CWM LLC now owns 1,750 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 606 shares during the period. GAMMA Investing LLC boosted its holdings in CNO Financial Group by 15.3% in the 4th quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider’s stock valued at $85,000 after purchasing an additional 304 shares during the last quarter. KBC Group NV grew its stake in shares of CNO Financial Group by 26.7% in the 3rd quarter. KBC Group NV now owns 3,349 shares of the financial services provider’s stock valued at $118,000 after buying an additional 706 shares during the period. Finally, Connable Office Inc. acquired a new stake in shares of CNO Financial Group during the 3rd quarter worth approximately $207,000. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on CNO. Piper Sandler reiterated an “overweight” rating and issued a $46.00 price objective (up from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. Keefe, Bruyette & Woods increased their price target on CNO Financial Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a report on Wednesday. Jefferies Financial Group boosted their price objective 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. BMO Capital Markets began coverage on shares of CNO Financial Group in a research report on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price target for the company. Finally, Royal Bank of Canada upped their price objective on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, CNO Financial Group has an average rating of “Hold” and an average price target of $40.50.

Insider Transactions at CNO Financial Group

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

CNO Financial Group Price Performance

Shares of CNO opened at $41.42 on Friday. The company has a market cap of $4.27 billion, a P/E ratio of 11.07 and a beta of 1.04. CNO Financial Group, Inc. has a fifty-two week low of $24.92 and a fifty-two week high of $42.02. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. The firm’s 50 day moving average price is $38.43 and its 200 day moving average price is $36.44.

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

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Monday, March 10th. CNO Financial Group’s 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.