Thrivent Financial for Lutherans Lowers Position in CNO Financial Group, Inc. (NYSE:CNO)

Thrivent Financial for Lutherans cut its holdings in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 21.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,006 shares of the financial services provider's stock after selling 21,019 shares during the period. Thrivent Financial for Lutherans owned approximately 0.07% of CNO Financial Group worth $2,791,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Principal Financial Group Inc. grew its stake in shares of CNO Financial Group by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider's stock valued at $66,676,000 after buying an additional 107,589 shares during the period. FMR LLC increased its position in shares of CNO Financial Group by 28.8% during the third quarter. FMR LLC now owns 1,040,619 shares of the financial services provider's stock worth $36,526,000 after acquiring an additional 232,631 shares in the last quarter. Allianz Asset Management GmbH lifted its position in CNO Financial Group by 1.3% in the 4th quarter. Allianz Asset Management GmbH now owns 848,407 shares of the financial services provider's stock valued at $31,569,000 after acquiring an additional 10,846 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in CNO Financial Group by 37.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 671,636 shares of the financial services provider's stock valued at $24,945,000 after purchasing an additional 181,711 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of CNO Financial Group by 113.7% in the third quarter. Barclays PLC now owns 219,141 shares of the financial services provider's stock worth $7,691,000 after purchasing an additional 116,617 shares during the last quarter. 95.43% of the stock is owned by institutional investors and hedge funds.

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CNO Financial Group Stock Performance

Shares of CNO stock traded up $0.24 during trading hours on Monday, hitting $41.72. 891,113 shares of the company were exchanged, compared to its average volume of 707,029. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 11.16 and a beta of 1.02. The firm has a fifty day simple moving average of $40.51 and a 200 day simple moving average of $38.17. CNO Financial Group, Inc. has a 52-week low of $24.92 and a 52-week high of $43.20.

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

CNO Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Monday, March 10th. CNO Financial Group's dividend payout ratio (DPR) is presently 17.11%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CNO. Piper Sandler reaffirmed an "overweight" rating and set a $46.00 target price (up previously from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. Royal Bank of Canada raised their price target on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods lifted their target price on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 12th. BMO Capital Markets assumed coverage on CNO Financial Group in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 target price on the stock. Finally, Jefferies Financial Group increased their price target on CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, CNO Financial Group currently has a consensus rating of "Hold" and an average target price of $40.50.

Insiders Place Their Bets

In other CNO Financial Group news, insider Yvonne K. Franzese sold 8,109 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $42.00, for a total value of $340,578.00. Following the completion of the transaction, the insider now owns 38,540 shares in the company, valued at $1,618,680. This trade represents a 17.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott L. Goldberg sold 25,500 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $40.02, for a total value of $1,020,510.00. Following the sale, the insider now owns 169,342 shares in the company, valued at approximately $6,777,066.84. This represents a 13.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 144,819 shares of company stock worth $5,886,922 over the last quarter. 3.00% of the stock is currently owned by company 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.