Geode Capital Management LLC Has $93.24 Million Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Geode Capital Management LLC lessened its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,505,290 shares of the financial services provider's stock after selling 36,433 shares during the quarter. Geode Capital Management LLC owned about 2.43% of CNO Financial Group worth $93,241,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. EP Wealth Advisors LLC acquired a new stake in CNO Financial Group in the third quarter worth about $418,000. Barclays PLC raised its stake in shares of CNO Financial Group by 113.7% during the third quarter. Barclays PLC now owns 219,141 shares of the financial services provider's stock worth $7,691,000 after buying an additional 116,617 shares during the last quarter. Vestcor Inc acquired a new position in CNO Financial Group in the third quarter valued at approximately $579,000. Tidal Investments LLC lifted its holdings 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 during the period. Finally, DGS Capital Management LLC bought a new position in CNO Financial Group in the third quarter valued at approximately $256,000. 95.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Royal Bank of Canada increased their price target 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. Keefe, Bruyette & Woods increased their target price on 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. BMO Capital Markets initiated coverage on shares of CNO Financial Group in a research report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 price target on the stock. Finally, Piper Sandler lifted their price target 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $41.00.

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CNO Financial Group Stock Up 1.1 %

NYSE CNO traded up $0.43 on Tuesday, reaching $38.28. The company had a trading volume of 192,360 shares, compared to its average volume of 714,114. The company's fifty day moving average is $40.21 and its 200-day moving average is $38.45. CNO Financial Group, Inc. has a 1-year low of $25.08 and a 1-year high of $43.20. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 10.24 and a beta of 0.90. 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 posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) 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%. On average, research analysts forecast that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Monday, March 10th. CNO Financial Group's dividend payout ratio is presently 17.11%.

Insider Buying and Selling

In other news, 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 transaction, the insider now directly owns 169,342 shares in the company, valued at $6,777,066.84. This represents a 13.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of CNO Financial Group stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $40.10, for a total value of $1,636,080.00. Following the completion of the sale, the general counsel now directly owns 204,143 shares in the company, valued at approximately $8,186,134.30. This represents a 16.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 159,512 shares of company stock worth $6,497,710. 3.00% of the stock is owned by insiders.

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.