CANADA LIFE ASSURANCE Co Has $4.02 Million Position in CNO Financial Group, Inc. (NYSE:CNO)

CANADA LIFE ASSURANCE Co increased its position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,921 shares of the financial services provider's stock after acquiring an additional 9,772 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.10% of CNO Financial Group worth $4,015,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Barclays PLC boosted its holdings in shares of CNO Financial Group by 113.7% in the 3rd quarter. Barclays PLC now owns 219,141 shares of the financial services provider's stock valued at $7,691,000 after purchasing an additional 116,617 shares in the last quarter. Tidal Investments LLC boosted its stake in CNO Financial Group by 11.3% in the third quarter. Tidal Investments LLC now owns 11,246 shares of the financial services provider's stock valued at $395,000 after buying an additional 1,145 shares in the last quarter. DGS Capital Management LLC acquired a new stake in CNO Financial Group in the third quarter valued at about $256,000. Principal Financial Group Inc. raised its stake in CNO Financial Group by 6.0% during the third quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider's stock worth $66,676,000 after acquiring an additional 107,589 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in CNO Financial Group by 15.3% during the fourth quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider's stock worth $85,000 after acquiring an additional 304 shares in the last quarter. 95.43% of the stock is owned by institutional investors.

CNO Financial Group Trading Down 0.4 %

Shares of NYSE:CNO traded down $0.16 during mid-day trading on Friday, reaching $39.60. 451,280 shares of the company's stock were exchanged, compared to its average volume of 706,166. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 10.59 and a beta of 0.90. 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 moving average price is $39.76 and its 200-day moving average price is $38.71. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, beating 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%. On average, research analysts predict that CNO Financial Group, Inc. will post 3.83 EPS 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. The ex-dividend date was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.62%. CNO Financial Group's dividend payout ratio (DPR) is currently 17.11%.

Analyst Ratings Changes

Several brokerages recently issued reports on CNO. Royal Bank of Canada lifted their price target on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, February 10th. BMO Capital Markets began coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 price target for the company. Piper Sandler increased their price target on CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods boosted their price objective on CNO Financial Group from $42.00 to $44.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 12th. One equities 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.com, the company has an average rating of "Hold" and an average price target of $41.00.

Insider Activity

In other CNO Financial Group news, insider Jeremy David Williams sold 3,393 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $41.77, for a total transaction of $141,725.61. Following the transaction, the insider now directly owns 56,599 shares in the company, valued at approximately $2,364,140.23. This represents a 5.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $40.10, for a total transaction of $1,636,080.00. Following the sale, the general counsel now directly owns 204,143 shares of the company's stock, valued at approximately $8,186,134.30. This trade represents a 16.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 159,512 shares of company stock valued at $6,497,710. 3.00% of the stock is currently owned by insiders.

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.