Barclays PLC Acquires 116,617 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Barclays PLC boosted its position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 113.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 219,141 shares of the financial services provider's stock after buying an additional 116,617 shares during the quarter. Barclays PLC owned 0.21% of CNO Financial Group worth $7,691,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in shares of CNO Financial Group by 19.4% in the second quarter. American Century Companies Inc. now owns 2,117,416 shares of the financial services provider's stock valued at $58,695,000 after buying an additional 343,819 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of CNO Financial Group by 300.9% during the third quarter. Assenagon Asset Management S.A. now owns 1,199,040 shares of the financial services provider's stock valued at $42,086,000 after purchasing an additional 899,990 shares during the last quarter. FMR LLC boosted its position in shares of CNO Financial Group by 28.8% in the 3rd quarter. FMR LLC now owns 1,040,619 shares of the financial services provider's stock valued at $36,526,000 after purchasing an additional 232,631 shares during the period. Victory Capital Management Inc. increased its stake in CNO Financial Group by 455.1% in the 2nd quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider's stock worth $21,546,000 after purchasing an additional 637,254 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in CNO Financial Group by 97.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 622,348 shares of the financial services provider's stock worth $17,251,000 after purchasing an additional 306,751 shares in the last quarter. 95.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CNO Financial Group

In other news, insider Jeremy David Williams sold 4,783 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $40.09, for a total transaction of $191,750.47. Following the transaction, the insider now owns 62,121 shares of the company's stock, valued at approximately $2,490,430.89. This represents a 7.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CIO Eric R. Johnson sold 3,978 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $39.09, for a total value of $155,500.02. Following the completion of the transaction, the executive now directly owns 631,844 shares in the company, valued at $24,698,781.96. The trade was a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,745 shares of company stock worth $572,467 in the last 90 days. 3.21% of the stock is owned by insiders.

CNO Financial Group Stock Up 0.7 %

Shares of NYSE:CNO traded up $0.26 during midday trading on Thursday, hitting $36.02. 652,047 shares of the stock were exchanged, compared to its average volume of 733,143. The company has a market capitalization of $3.72 billion, a PE ratio of 14.52 and a beta of 1.02. CNO Financial Group, Inc. has a 52-week low of $24.92 and a 52-week high of $40.91. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. The business's fifty day simple moving average is $37.63 and its two-hundred day simple moving average is $33.53.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.29. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $945.44 million. During the same period in the previous year, the company earned $0.88 EPS. The firm's revenue was up 19.2% on a year-over-year basis. As a group, research analysts predict that CNO Financial Group, Inc. will post 3.73 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.78%. The ex-dividend date is Tuesday, December 10th. CNO Financial Group's dividend payout ratio is 25.81%.

Wall Street Analyst Weigh In

A number of research firms have commented on CNO. Piper Sandler upped their price objective on shares of CNO Financial Group from $42.00 to $44.00 and gave the company an "overweight" rating in a research note on Wednesday. Jefferies Financial Group upped their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada increased their target price on CNO Financial Group from $38.00 to $40.00 and gave the company an "outperform" rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $37.00.

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.