Federated Hermes Inc. Has $18.68 Million Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Federated Hermes Inc. grew its stake in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 501,883 shares of the financial services provider's stock after buying an additional 13,633 shares during the quarter. Federated Hermes Inc. owned about 0.49% of CNO Financial Group worth $18,675,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its holdings in CNO Financial Group by 368.2% during the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock worth $30,000 after purchasing an additional 626 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of CNO Financial Group by 95.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock worth $32,000 after buying an additional 417 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of CNO Financial Group by 51.6% in the fourth 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 during the period. Headlands Technologies LLC boosted its stake in CNO Financial Group by 193.2% during the fourth quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock valued at $50,000 after buying an additional 881 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new position in CNO Financial Group during the fourth quarter worth about $54,000. 95.43% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

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

CNO Financial Group Trading Up 3.2 %

CNO Financial Group stock traded up $1.16 during midday trading on Monday, reaching $37.95. The stock had a trading volume of 106,994 shares, compared to its average volume of 713,935. CNO Financial Group, Inc. has a twelve month low of $25.08 and a twelve month high of $43.20. 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 $3.81 billion, a price-to-earnings ratio of 10.15 and a beta of 0.90. The firm's fifty day simple moving average is $40.25 and its two-hundred day simple moving average is $38.43.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its earnings results 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%. Equities analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a $0.16 dividend. 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 1.69%. CNO Financial Group's dividend payout ratio is 17.11%.

Insider Transactions at CNO Financial Group

In other news, insider Scott L. Goldberg sold 25,500 shares of the company's stock in a transaction 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 transaction, the insider now directly owns 169,342 shares of the company's stock, valued at approximately $6,792,307.62. This represents a 13.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Yvonne K. Franzese sold 8,109 shares of CNO Financial Group 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 sale, the insider now directly owns 38,540 shares of the company's stock, valued at approximately $1,618,680. The trade was a 17.38 % 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 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.