Principal Financial Group Inc. Grows Position in CNO Financial Group, Inc. (NYSE:CNO)

Principal Financial Group Inc. boosted its holdings in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 6.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,899,599 shares of the financial services provider's stock after purchasing an additional 107,589 shares during the quarter. Principal Financial Group Inc. owned 1.84% of CNO Financial Group worth $66,676,000 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. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of CNO Financial Group by 1.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,647 shares of the financial services provider's stock worth $795,000 after purchasing an additional 376 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of CNO Financial Group by 3.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 12,290 shares of the financial services provider's stock worth $431,000 after acquiring an additional 415 shares during the period. Point72 Hong Kong Ltd boosted its position in shares of CNO Financial Group by 1.8% during the 2nd quarter. Point72 Hong Kong Ltd now owns 28,700 shares of the financial services provider's stock worth $796,000 after acquiring an additional 511 shares in the last quarter. Bailard Inc. increased its stake in CNO Financial Group by 2.5% in the second quarter. Bailard Inc. now owns 24,300 shares of the financial services provider's stock valued at $674,000 after acquiring an additional 600 shares during the last quarter. Finally, CWM LLC raised its position in CNO Financial Group by 53.0% during the third quarter. CWM LLC now owns 1,750 shares of the financial services provider's stock valued at $61,000 after purchasing an additional 606 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

Analyst Ratings Changes

CNO has been the subject of a number of research analyst reports. Royal Bank of Canada boosted their price target on CNO Financial Group from $38.00 to $40.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. Piper Sandler raised their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Jefferies Financial Group boosted their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a "hold" rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $37.00.

Insider Activity

In related news, CIO Eric R. Johnson sold 3,978 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $39.09, for a total value of $155,500.02. Following the completion of the sale, the executive now directly owns 631,844 shares of the company's stock, valued at approximately $24,698,781.96. This represents a 0.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeremy David Williams sold 4,783 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $40.09, for a total transaction of $191,750.47. Following the transaction, the insider now owns 62,121 shares in the company, valued at approximately $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. Insiders sold a total of 14,745 shares of company stock worth $572,467 in the last three months. Company insiders own 3.00% of the company's stock.

CNO Financial Group Trading Up 2.1 %

CNO traded up $0.76 during trading on Friday, reaching $36.78. 1,833,632 shares of the stock traded hands, compared to its average volume of 737,617. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. The stock's 50-day moving average is $37.66 and its 200 day moving average is $33.62. CNO Financial Group, Inc. has a 12 month low of $24.92 and a 12 month high of $40.91. The stock has a market capitalization of $3.80 billion, a PE ratio of 14.83 and a beta of 1.02.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued 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 firm 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 company's revenue was up 19.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 earnings per share. Equities analysts anticipate that CNO Financial Group, Inc. will post 3.73 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 Tuesday, December 24th. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.16 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.74%. CNO Financial Group's dividend payout ratio (DPR) is presently 25.81%.

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.