Barclays PLC increased its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 22.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 267,567 shares of the financial services provider's stock after purchasing an additional 48,426 shares during the quarter. Barclays PLC owned approximately 0.26% of CNO Financial Group worth $9,957,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CNO. Bragg Financial Advisors Inc lifted its position in shares of CNO Financial Group by 0.7% during the 4th quarter. Bragg Financial Advisors Inc now owns 554,634 shares of the financial services provider's stock worth $20,638,000 after buying an additional 3,846 shares during the last quarter. Covestor Ltd boosted its stake in CNO Financial Group by 20.6% during the 4th quarter. Covestor Ltd now owns 4,443 shares of the financial services provider's stock worth $165,000 after purchasing an additional 758 shares during the period. Raymond James Financial Inc. acquired a new stake in CNO Financial Group during the 4th quarter worth $2,295,000. Invesco Ltd. grew its position in CNO Financial Group by 21.6% during the 4th quarter. Invesco Ltd. now owns 899,226 shares of the financial services provider's stock worth $33,460,000 after purchasing an additional 159,603 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in CNO Financial Group by 7.3% in the fourth quarter. Bank of Montreal Can now owns 25,551 shares of the financial services provider's stock valued at $951,000 after purchasing an additional 1,733 shares during the period. 95.43% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at CNO Financial Group
In other news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $40.10, for a total value of $1,636,080.00. Following the sale, the general counsel now directly owns 204,143 shares in the company, valued at $8,186,134.30. This represents a 16.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeremy David Williams sold 3,393 shares of CNO Financial Group stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $41.77, for a total value of $141,725.61. Following the sale, the insider now owns 56,599 shares of the company's stock, valued at approximately $2,364,140.23. This represents a 5.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 159,512 shares of company stock valued at $6,497,710 in the last 90 days. 3.00% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. Royal Bank of Canada raised their price target on CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Piper Sandler boosted their target price on CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. 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, February 12th. Finally, 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 on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, CNO Financial Group has an average rating of "Hold" and an average target price of $41.00.
Check Out Our Latest Analysis on CNO
CNO Financial Group Stock Performance
Shares of CNO opened at $38.65 on Wednesday. The company has a market capitalization of $3.88 billion, a PE ratio of 10.33 and a beta of 0.90. CNO Financial Group, Inc. has a 52-week low of $25.75 and a 52-week high of $43.20. The company has a 50-day simple moving average of $39.88 and a 200-day simple moving average of $38.57. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61.
CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. Equities research analysts predict that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.
CNO Financial Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Monday, March 10th. CNO Financial Group's dividend payout ratio is currently 17.11%.
About CNO Financial Group
(
Free Report)
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.
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