Corebridge Financial Inc. Has $6.27 Million Stake in CNO Financial Group, Inc. (NYSE:CNO)

Corebridge Financial Inc. lowered its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 6.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 168,431 shares of the financial services provider's stock after selling 12,171 shares during the period. Corebridge Financial Inc. owned approximately 0.16% of CNO Financial Group worth $6,267,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Citigroup Inc. grew its holdings in CNO Financial Group by 78.0% during the third quarter. Citigroup Inc. now owns 129,925 shares of the financial services provider's stock valued at $4,560,000 after purchasing an additional 56,932 shares during the last quarter. Cerity Partners LLC lifted its position in CNO Financial Group by 53.1% during the 3rd quarter. Cerity Partners LLC now owns 12,040 shares of the financial services provider's stock worth $423,000 after acquiring an additional 4,178 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in CNO Financial Group during the third quarter valued at about $227,000. FMR LLC grew its position in shares of CNO Financial Group by 28.8% in the third quarter. FMR LLC now owns 1,040,619 shares of the financial services provider's stock valued at $36,526,000 after purchasing an additional 232,631 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of CNO Financial Group by 69.8% in the third quarter. BNP Paribas Financial Markets now owns 39,946 shares of the financial services provider's stock worth $1,402,000 after purchasing an additional 16,420 shares during the period. Institutional investors own 95.43% of the company's stock.

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CNO Financial Group Stock Performance

CNO Financial Group stock traded down $2.69 on Thursday, hitting $39.68. The company's stock had a trading volume of 130,720 shares, compared to its average volume of 649,503. The company has a fifty day moving average price of $40.63 and a 200-day moving average price of $38.26. The firm has a market cap of $3.98 billion, a P/E ratio of 10.61 and a beta of 1.02. CNO Financial Group, Inc. has a one year low of $24.92 and a one year high of $43.20. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. On average, equities analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.61%. CNO Financial Group's dividend payout ratio (DPR) is presently 17.11%.

Wall Street Analyst Weigh In

CNO has been the subject of several recent analyst reports. BMO Capital Markets initiated coverage on CNO Financial Group in a research note on Thursday, January 23rd. They set a "market perform" rating and a $38.00 target price for the company. Keefe, Bruyette & Woods increased their price objective 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. Jefferies Financial Group boosted 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 report on Tuesday, December 10th. Piper Sandler upped their target price on shares of CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Royal Bank of Canada raised 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $41.00.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, insider Jeremy David Williams sold 11,300 shares of the business's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $41.51, for a total value of $469,063.00. Following the transaction, the insider now directly owns 65,299 shares in the company, valued at $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 available at this hyperlink. Also, insider Scott L. Goldberg sold 25,500 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $40.02, for a total transaction of $1,020,510.00. Following the sale, the insider now directly owns 169,342 shares of the company's stock, valued at approximately $6,777,066.84. The trade was a 13.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,512 shares of company stock valued at $6,497,710 in the last 90 days. 3.00% of the stock is owned by corporate 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.