CNO Financial Group, Inc. (NYSE:CNO) Stock Holdings Increased by Bridgewater Associates LP

Bridgewater Associates LP increased its position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 5.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 197,191 shares of the financial services provider's stock after purchasing an additional 9,981 shares during the period. Bridgewater Associates LP owned 0.19% of CNO Financial Group worth $7,337,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its holdings in shares of CNO Financial Group by 368.2% in the 4th quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 626 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in CNO Financial Group by 95.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 417 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of CNO Financial Group by 51.6% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock worth $36,000 after purchasing an additional 325 shares during the period. Headlands Technologies LLC lifted its position in shares of CNO Financial Group by 193.2% in the 4th quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock worth $50,000 after buying an additional 881 shares during the last quarter. Finally, Sound Income Strategies LLC acquired a new position in shares of CNO Financial Group in the 4th quarter valued at about $54,000. 95.43% of the stock is owned by institutional investors.

CNO Financial Group Stock Performance

Shares of CNO traded down $1.30 during trading hours on Monday, reaching $36.98. 200,437 shares of the company's stock traded hands, compared to its average volume of 707,645. CNO Financial Group, Inc. has a twelve month low of $25.75 and a twelve month high of $43.20. The business's fifty day simple moving average is $40.01 and its two-hundred day simple moving average is $38.55. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 9.89 and a beta of 0.90.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its earnings results 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 17.20% and a net margin of 9.08%. Analysts predict that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.73%. The ex-dividend date was Monday, March 10th. CNO Financial Group's dividend payout ratio (DPR) is presently 17.11%.

Insider Activity

In other CNO Financial Group news, insider Yvonne K. Franzese sold 2,013 shares of the business's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $42.18, for a total transaction of $84,908.34. Following the sale, the insider now owns 26,994 shares in the company, valued at approximately $1,138,606.92. The trade was a 6.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott L. Goldberg sold 25,500 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $40.11, for a total transaction of $1,022,805.00. Following the completion of the transaction, the insider now owns 169,342 shares of the company's stock, valued at approximately $6,792,307.62. The trade was a 13.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 159,512 shares of company stock worth $6,497,710. Corporate insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. 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. Piper Sandler raised their price target on CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. 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 note on Wednesday, February 12th. Finally, Royal Bank of Canada raised their target price on CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, CNO Financial Group presently has an average rating of "Hold" and a consensus price target of $41.00.

About CNO Financial Group

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.