Wells Fargo & Company MN Has $2.47 Million Position in CNO Financial Group, Inc. (NYSE:CNO)

Wells Fargo & Company MN grew its position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 29.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,255 shares of the financial services provider's stock after purchasing an additional 15,178 shares during the quarter. Wells Fargo & Company MN owned approximately 0.06% of CNO Financial Group worth $2,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. Principal Securities Inc. grew its stake 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 worth $36,000 after buying an additional 325 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of CNO Financial Group by 58.7% during the fourth quarter. Pacer Advisors Inc. now owns 24,580 shares of the financial services provider's stock valued at $915,000 after acquiring an additional 9,096 shares in the last quarter. Blue Trust Inc. grew its position in shares of CNO Financial Group by 7.4% during the 4th quarter. Blue Trust Inc. now owns 6,737 shares of the financial services provider's stock worth $236,000 after buying an additional 464 shares in the last quarter. KBC Group NV raised its holdings in shares of CNO Financial Group by 49.0% in the 4th quarter. KBC Group NV now owns 4,990 shares of the financial services provider's stock valued at $186,000 after purchasing an additional 1,641 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in CNO Financial Group during the fourth quarter worth $903,000. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

CNO Financial Group Trading Down 0.4 %

NYSE:CNO traded down $0.16 during trading hours on Friday, reaching $39.60. 451,280 shares of the company were exchanged, compared to its average volume of 706,166. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 10.59 and a beta of 0.90. The stock has a 50 day simple moving average of $39.76 and a 200 day simple moving average of $38.71. CNO Financial Group, Inc. has a 52-week low of $25.75 and a 52-week high of $43.20.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.25. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. As a group, analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Monday, March 10th. CNO Financial Group's dividend payout ratio is currently 17.11%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Piper Sandler raised their price target on shares of CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. BMO Capital Markets started coverage on CNO Financial Group in a report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 price target for the company. Royal Bank of Canada upped their price target on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Finally, Keefe, Bruyette & Woods upped their target price on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock a "market perform" rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $41.00.

Insider Transactions at CNO Financial Group

In other news, insider Yvonne K. Franzese sold 8,109 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $42.00, for a total value of $340,578.00. Following the completion of the sale, the insider now directly owns 38,540 shares in the company, valued at approximately $1,618,680. The trade was a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott L. Goldberg sold 25,500 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $40.11, for a total value of $1,022,805.00. Following the sale, the insider now owns 169,342 shares of the company's stock, valued at approximately $6,792,307.62. The trade was a 13.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 159,512 shares of company stock valued at $6,497,710 over the last three months. 3.00% of the stock is owned by corporate 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.