Invesco Ltd. Has $33.46 Million Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Invesco Ltd. boosted its position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 21.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 899,226 shares of the financial services provider's stock after purchasing an additional 159,603 shares during the period. Invesco Ltd. owned 0.87% of CNO Financial Group worth $33,460,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

CNO has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their price objective 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. Royal Bank of Canada increased their price objective 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 shares of CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Finally, BMO Capital Markets assumed coverage on shares of CNO Financial Group in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 price objective for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $41.00.

CNO Financial Group Stock Performance

CNO traded up $1.26 during trading on Tuesday, hitting $38.42. The stock had a trading volume of 193,402 shares, compared to its average volume of 706,685. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61. CNO Financial Group, Inc. has a 12 month low of $25.75 and a 12 month high of $43.20. The company has a 50 day simple moving average of $39.94 and a 200-day simple moving average of $38.57. The firm has a market cap of $3.85 billion, a PE ratio of 10.28 and a beta of 0.90.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate 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 expect that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Monday, March 10th. CNO Financial Group's dividend payout ratio (DPR) is currently 17.11%.

Insider Activity at CNO Financial Group

In other news, insider Yvonne K. Franzese sold 2,097 shares of the business's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $42.56, for a total transaction of $89,248.32. Following the transaction, the insider now owns 30,321 shares in the company, valued at approximately $1,290,461.76. The trade was a 6.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Scott L. Goldberg sold 25,500 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $40.02, for a total transaction of $1,020,510.00. Following the completion of the sale, the insider now owns 169,342 shares of the company's stock, valued at approximately $6,777,066.84. The trade was a 13.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 159,512 shares of company stock worth $6,497,710 in the last ninety days. 3.00% of the stock is currently owned by insiders.

CNO Financial Group Company 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.