American Century Companies Inc. Grows Stock Position in CNO Financial Group, Inc. (NYSE:CNO)

American Century Companies Inc. increased its holdings in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 11.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,687,861 shares of the financial services provider's stock after acquiring an additional 282,611 shares during the quarter. American Century Companies Inc. owned about 2.60% of CNO Financial Group worth $100,015,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in CNO Financial Group by 368.2% in the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock worth $30,000 after purchasing an additional 626 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of CNO Financial Group by 95.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock worth $32,000 after buying an additional 417 shares during the period. Principal Securities Inc. increased its stake in shares of CNO Financial Group by 51.6% in the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock worth $36,000 after acquiring an additional 325 shares in the last quarter. Sound Income Strategies LLC purchased a new position in CNO Financial Group during the 4th quarter valued at about $54,000. Finally, GAMMA Investing LLC boosted its stake in CNO Financial Group by 15.3% during the fourth quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider's stock worth $85,000 after acquiring an additional 304 shares in the last quarter. Institutional investors own 95.43% of the company's stock.

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CNO Financial Group Stock Performance

CNO Financial Group stock traded down $0.81 during midday trading on Friday, reaching $41.46. 704,562 shares of the company traded hands, compared to its average volume of 706,293. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. CNO Financial Group, Inc. has a 12 month low of $24.92 and a 12 month high of $43.20. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 11.09 and a beta of 1.02. The business has a 50 day moving average of $40.45 and a two-hundred day moving average of $38.02.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.25. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. As a group, research analysts predict that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a dividend of $0.16 per share. The ex-dividend date was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.54%. CNO Financial Group's dividend payout ratio is currently 17.11%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CNO. Royal Bank of Canada lifted their target price on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Piper Sandler reissued an "overweight" rating and issued a $46.00 target price (up from $44.00) on shares of CNO Financial Group in a research note on Monday, February 10th. Jefferies Financial Group upped their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a "hold" rating in a research note on Tuesday, December 10th. BMO Capital Markets initiated coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 target price for the company. Finally, Keefe, Bruyette & Woods raised their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, CNO Financial Group currently has an average rating of "Hold" and an average target price of $40.50.

Insider Transactions at CNO Financial Group

In other CNO Financial Group news, insider Yvonne K. Franzese sold 2,013 shares of the company's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $42.18, for a total value of $84,908.34. Following the completion of the transaction, the insider now directly owns 26,994 shares in the company, valued at $1,138,606.92. This represents a 6.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of CNO Financial Group stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $41.49, for a total transaction of $1,692,792.00. Following the sale, the general counsel now owns 244,943 shares in the company, valued at approximately $10,162,685.07. The trade was a 14.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 144,819 shares of company stock worth $5,886,922 in the last 90 days. 3.21% of the stock is currently owned by insiders.

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.