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

Allspring Global Investments Holdings LLC increased its stake in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 37.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 671,636 shares of the financial services provider's stock after purchasing an additional 181,711 shares during the period. Allspring Global Investments Holdings LLC owned 0.65% of CNO Financial Group worth $24,945,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Meritage Portfolio Management raised its position in shares of CNO Financial Group by 12.5% during the 4th quarter. Meritage Portfolio Management now owns 20,776 shares of the financial services provider's stock worth $773,000 after purchasing an additional 2,301 shares during the last quarter. Jennison Associates LLC raised its position in shares of CNO Financial Group by 20.7% during the 4th quarter. Jennison Associates LLC now owns 62,707 shares of the financial services provider's stock worth $2,333,000 after purchasing an additional 10,774 shares during the last quarter. Caprock Group LLC acquired a new position in shares of CNO Financial Group during the 4th quarter worth about $253,000. EMC Capital Management grew its stake in CNO Financial Group by 283.3% during the 4th quarter. EMC Capital Management now owns 29,605 shares of the financial services provider's stock valued at $1,102,000 after acquiring an additional 21,881 shares in the last quarter. Finally, Ibex Wealth Advisors purchased a new stake in CNO Financial Group during the 4th quarter valued at about $738,000. Institutional investors and hedge funds own 95.43% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In other CNO Financial Group news, CMO Rocco F. Tarasi III sold 4,500 shares of the stock in a transaction that occurred 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 sale, the chief marketing officer now directly owns 72,896 shares in the company, valued at $2,734,328.96. This represents a 5.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.21% of the stock is currently owned by corporate insiders.

CNO Financial Group Trading Down 0.5 %

Shares of CNO Financial Group stock traded down $0.20 during mid-day trading on Wednesday, hitting $41.49. The stock had a trading volume of 587,941 shares, compared to its average volume of 534,660. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61. The firm has a market cap of $4.28 billion, a P/E ratio of 11.09 and a beta of 1.04. The firm has a 50-day moving average of $38.57 and a two-hundred day moving average of $36.57. CNO Financial Group, Inc. has a 12-month low of $24.92 and a 12-month high of $42.02.

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 earnings per share for the quarter, topping 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%. Sell-side analysts forecast that CNO Financial Group, Inc. will post 3.79 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a dividend of $0.16 per share. The ex-dividend date is Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.54%. CNO Financial Group's payout ratio is currently 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.