CNO Financial Group, Inc. (NYSE:CNO) Shares Acquired by Congress Asset Management Co.

Congress Asset Management Co. boosted its position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 157,004 shares of the financial services provider's stock after purchasing an additional 8,689 shares during the quarter. Congress Asset Management Co. owned approximately 0.15% of CNO Financial Group worth $5,842,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CNO. Pacer Advisors Inc. increased its holdings 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. Principal Financial Group Inc. increased its holdings in shares of 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 valued at $66,676,000 after acquiring an additional 107,589 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of CNO Financial Group by 69.8% during the third quarter. BNP Paribas Financial Markets now owns 39,946 shares of the financial services provider's stock valued at $1,402,000 after acquiring an additional 16,420 shares in the last quarter. Barclays PLC increased its holdings 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 valued at $7,691,000 after acquiring an additional 116,617 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of CNO Financial Group by 20.7% during the fourth quarter. Jennison Associates LLC now owns 62,707 shares of the financial services provider's stock valued at $2,333,000 after acquiring an additional 10,774 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CMO Rocco F. Tarasi III sold 4,500 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $37.51, for a total transaction of $168,795.00. Following the transaction, the chief marketing officer now owns 72,896 shares in the company, valued at $2,734,328.96. This trade represents a 5.81 % decrease in their position. The sale 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 the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $41.49, for a total value of $1,692,792.00. Following the transaction, the general counsel now owns 244,943 shares in the company, valued at $10,162,685.07. This trade represents a 14.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,584 shares of company stock worth $3,554,089. Corporate insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Piper Sandler restated an "overweight" rating and set a $46.00 price objective (up previously from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. Jefferies Financial Group upped their target price on CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a research report on Tuesday, December 10th. BMO Capital Markets began coverage on CNO Financial Group in a research report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 target price on the stock. Keefe, Bruyette & Woods upped their target price on CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada upped their target price on CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $40.50.

CNO Financial Group Stock Performance

NYSE CNO traded down $0.81 during trading hours on Friday, reaching $39.81. The stock had a trading volume of 602,124 shares, compared to its average volume of 537,160. 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, Inc. has a 52-week low of $24.92 and a 52-week high of $42.02. The stock has a fifty day moving average of $38.72 and a 200 day moving average of $36.69. The stock has a market cap of $4.11 billion, a P/E ratio of 10.64 and a beta of 1.04.

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 EPS for the quarter, topping 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%. Sell-side analysts predict that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.64 annualized dividend and a yield of 1.61%. CNO Financial Group's dividend payout ratio is presently 17.11%.

CNO Financial Group Company 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.