MetLife Investment Management LLC Buys 7,635 Shares of CNO Financial Group, Inc. (NYSE:CNO)

MetLife Investment Management LLC grew its position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 119,974 shares of the financial services provider's stock after purchasing an additional 7,635 shares during the quarter. MetLife Investment Management LLC owned about 0.12% of CNO Financial Group worth $4,464,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CNO. Principal Securities Inc. grew its holdings in CNO Financial Group by 51.6% during the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock worth $36,000 after acquiring an additional 325 shares during the period. Pacer Advisors Inc. grew its stake in 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 worth $915,000 after purchasing an additional 9,096 shares during the period. Blue Trust Inc. increased its holdings in CNO Financial Group by 7.4% in the fourth quarter. Blue Trust Inc. now owns 6,737 shares of the financial services provider's stock worth $236,000 after purchasing an additional 464 shares in the last quarter. KBC Group NV lifted its stake in CNO Financial Group by 49.0% in the fourth quarter. KBC Group NV now owns 4,990 shares of the financial services provider's stock valued at $186,000 after buying an additional 1,641 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of CNO Financial Group during the 4th quarter worth approximately $903,000. Institutional investors and hedge funds own 95.43% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on CNO. Piper Sandler boosted 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 report on Wednesday, April 2nd. Royal Bank of Canada increased their price objective 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. BMO Capital Markets assumed 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 for the company. Finally, Keefe, Bruyette & Woods raised their price objective on CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. One investment 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $41.00.

CNO Financial Group Trading Up 1.5 %

CNO opened at $39.76 on Friday. CNO Financial Group, Inc. has a fifty-two week low of $25.75 and a fifty-two week high of $43.20. The firm has a market capitalization of $3.99 billion, a PE ratio of 10.63 and a beta of 0.90. 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 company's 50-day moving average is $39.80 and its 200 day moving average is $38.61.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates 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, research analysts predict that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a $0.16 dividend. 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 payout ratio is 17.11%.

Insider Activity

In other CNO Financial Group news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the stock in a transaction dated 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 completion of the sale, the general counsel now owns 244,943 shares in the company, valued at approximately $10,162,685.07. This trade represents a 14.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Scott L. Goldberg sold 25,500 shares of CNO Financial Group stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $40.11, for a total transaction of $1,022,805.00. Following the transaction, the insider now directly owns 169,342 shares in the company, valued at approximately $6,792,307.62. This represents a 13.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 159,512 shares of company stock worth $6,497,710 over the last quarter. Insiders own 3.00% of the company's stock.

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.

Want to see what other hedge funds are holding CNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNO Financial Group, Inc. (NYSE:CNO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.