CNO Financial Group, Inc. (NYSE:CNO) Holdings Trimmed by Franklin Resources Inc.

Franklin Resources Inc. decreased its position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 12.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,266,542 shares of the financial services provider's stock after selling 595,311 shares during the quarter. Franklin Resources Inc. owned about 4.13% of CNO Financial Group worth $150,993,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of CNO Financial Group during the 2nd quarter valued at about $852,000. DekaBank Deutsche Girozentrale increased its position in CNO Financial Group by 680.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 34,584 shares of the financial services provider's stock worth $949,000 after purchasing an additional 30,150 shares in the last quarter. Interval Partners LP acquired a new stake in CNO Financial Group during the 2nd quarter worth approximately $2,360,000. BNP Paribas Financial Markets increased its position in CNO Financial Group by 69.8% during the 3rd 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in CNO Financial Group by 97.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 622,348 shares of the financial services provider's stock worth $17,251,000 after purchasing an additional 306,751 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

Insiders Place Their Bets

In other news, CIO Eric R. Johnson sold 3,978 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $39.09, for a total transaction of $155,500.02. Following the transaction, the executive now directly owns 631,844 shares of the company's stock, valued at approximately $24,698,781.96. This trade represents a 0.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeremy David Williams sold 4,783 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $40.09, for a total value of $191,750.47. Following the transaction, the insider now directly owns 62,121 shares in the company, valued at $2,490,430.89. This trade represents a 7.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CNO shares. Piper Sandler increased their target price on CNO Financial Group from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Jefferies Financial Group increased their target price on CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada increased their target price on CNO Financial Group from $38.00 to $40.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $35.80.

CNO Financial Group Stock Performance

Shares of CNO stock traded up $0.24 on Monday, hitting $38.28. 654,715 shares of the stock traded hands, compared to its average volume of 731,858. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market capitalization of $3.95 billion, a PE ratio of 15.43 and a beta of 1.02. CNO Financial Group, Inc. has a 1-year low of $24.92 and a 1-year high of $40.91. The company's fifty day moving average is $37.50 and its 200 day moving average is $33.43.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.29. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $945.44 million. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The business's revenue was up 19.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.88 EPS. On average, equities research analysts predict that CNO Financial Group, Inc. will post 3.73 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.67%. The ex-dividend date is Tuesday, December 10th. CNO Financial Group's dividend payout ratio is presently 25.81%.

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.