CNO Financial Group, Inc. (NYSE:CNO) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,367,712 shares of the financial services provider's stock after selling 224,293 shares during the period. Vanguard Group Inc. owned approximately 12.95% of CNO Financial Group worth $497,413,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CNO. GAMMA Investing LLC grew its stake in CNO Financial Group by 15.3% in the fourth quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider's stock valued at $85,000 after purchasing an additional 304 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of CNO Financial Group by 51.6% in the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock valued at $36,000 after buying an additional 325 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of CNO Financial Group by 1.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,647 shares of the financial services provider's stock worth $795,000 after buying an additional 376 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of CNO Financial Group by 5.3% during the 4th quarter. HighTower Advisors LLC now owns 7,873 shares of the financial services provider's stock worth $293,000 after acquiring an additional 394 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its position in CNO Financial Group by 2.6% during the fourth quarter. Corient Private Wealth LLC now owns 15,634 shares of the financial services provider's stock valued at $582,000 after acquiring an additional 400 shares during the last quarter. 95.43% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada upped their price target on CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. BMO Capital Markets began coverage on CNO Financial Group in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 price target for the company. Keefe, Bruyette & Woods boosted their price target on CNO Financial Group from $42.00 to $44.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 12th. Piper Sandler upped their price objective on shares of CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, Jefferies Financial Group lifted their target price on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a "hold" rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $41.00.

Insider Activity

In other CNO Financial Group news, insider Jeremy David Williams sold 11,300 shares of CNO Financial Group stock in a transaction on Monday, March 31st. The shares were sold at an average price of $41.51, for a total value of $469,063.00. Following the completion of the transaction, the insider now owns 65,299 shares of the company's stock, valued at approximately $2,710,561.49. The trade was a 14.75 % decrease in their ownership of the stock. 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 stock in a transaction dated 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 in the company, valued at approximately $8,186,134.30. The trade was a 16.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 159,512 shares of company stock valued at $6,497,710 in the last quarter. 3.00% of the stock is currently owned by company insiders.

CNO Financial Group Stock Performance

NYSE CNO traded down $2.73 during trading hours on Friday, reaching $36.83. The stock had a trading volume of 1,226,053 shares, compared to its average volume of 710,541. CNO Financial Group, Inc. has a 52-week low of $24.92 and a 52-week high of $43.20. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. The stock has a market cap of $3.69 billion, a P/E ratio of 9.85 and a beta of 0.90. The stock has a fifty day moving average of $40.61 and a 200 day moving average of $38.34.

CNO Financial Group (NYSE:CNO - Get Free Report) last released 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 predict that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.74%. 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.