Allspring Global Investments Holdings LLC Has $449,000 Stock Position in CNO Financial Group, Inc. (NYSE:CNO)

Allspring Global Investments Holdings LLC decreased its stake in CNO Financial Group, Inc. (NYSE:CNO) by 27.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,081 shares of the financial services provider’s stock after selling 5,951 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in CNO Financial Group were worth $449,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CNO. SG Americas Securities LLC acquired a new position in shares of CNO Financial Group in the 3rd quarter valued at $544,000. Denali Advisors LLC lifted its stake in CNO Financial Group by 517.6% in the 3rd quarter. Denali Advisors LLC now owns 10,500 shares of the financial services provider’s stock worth $249,000 after acquiring an additional 8,800 shares in the last quarter. Uncommon Cents Investing LLC lifted its stake in CNO Financial Group by 8.0% in the 3rd quarter. Uncommon Cents Investing LLC now owns 12,465 shares of the financial services provider’s stock worth $296,000 after acquiring an additional 925 shares in the last quarter. Everhart Financial Group Inc. lifted its stake in CNO Financial Group by 12.6% in the 3rd quarter. Everhart Financial Group Inc. now owns 10,911 shares of the financial services provider’s stock worth $259,000 after acquiring an additional 1,225 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in CNO Financial Group by 16.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,606 shares of the financial services provider’s stock worth $536,000 after acquiring an additional 3,128 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.

Analyst Upgrades and Downgrades

CNO has been the subject of several research analyst reports. StockNews.com downgraded CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Piper Sandler raised CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 price objective for the company in a research note on Tuesday, April 16th. Royal Bank of Canada increased their price objective on CNO Financial Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Finally, Evercore ISI raised their price target on CNO Financial Group from $26.00 to $27.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $27.50.

CNO Financial Group Stock Down 1.7 %

CNO opened at $26.44 on Friday. CNO Financial Group, Inc. has a fifty-two week low of $19.95 and a fifty-two week high of $28.39. The business has a 50-day moving average of $26.65 and a 200-day moving average of $26.25. 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 $2.88 billion, a PE ratio of 10.97 and a beta of 1.03.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.33. CNO Financial Group had a return on equity of 17.51% and a net margin of 6.67%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $934.05 million. Equities research analysts forecast that CNO Financial Group, Inc. will post 3.14 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Thursday, March 7th. CNO Financial Group’s payout ratio is 24.90%.

Insider Activity at CNO Financial Group

In related news, CEO Gary C. Bhojwani sold 16,837 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $27.00, for a total value of $454,599.00. Following the transaction, the chief executive officer now directly owns 406,808 shares of the company’s stock, valued at approximately $10,983,816. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Gary C. Bhojwani sold 16,837 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $27.00, for a total value of $454,599.00. Following the transaction, the chief executive officer now directly owns 406,808 shares of the company’s stock, valued at approximately $10,983,816. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary C. Bhojwani sold 20,200 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $27.31, for a total value of $551,662.00. Following the completion of the transaction, the chief executive officer now directly owns 293,802 shares in the company, valued at $8,023,732.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 152,590 shares of company stock valued at $4,116,255. Corporate 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.