CNO Financial Group, Inc. (NYSE:CNO) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its stake in CNO Financial Group, Inc. (NYSE:CNO) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,505,290 shares of the financial services provider’s stock after selling 36,433 shares during the period. Geode Capital Management LLC owned about 2.43% of CNO Financial Group worth $93,241,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. American Century Companies Inc. lifted its position in shares of CNO Financial Group by 11.7% during the 4th quarter. American Century Companies Inc. now owns 2,687,861 shares of the financial services provider’s stock worth $100,015,000 after purchasing an additional 282,611 shares during the last quarter. Principal Financial Group Inc. increased its holdings 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 acquiring an additional 107,589 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in CNO Financial Group by 41.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,274,370 shares of the financial services provider’s stock worth $47,419,000 after purchasing an additional 372,701 shares during the last quarter. Allianz Asset Management GmbH increased its stake in CNO Financial Group by 1.3% in the fourth quarter. Allianz Asset Management GmbH now owns 848,407 shares of the financial services provider’s stock valued at $31,569,000 after purchasing an additional 10,846 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in CNO Financial Group by 37.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 671,636 shares of the financial services provider’s stock worth $24,945,000 after purchasing an additional 181,711 shares in the last quarter. 95.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. BMO Capital Markets initiated coverage on shares of CNO Financial Group in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price target for the company. Royal Bank of Canada boosted their price target on CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Piper Sandler upped their price target on CNO Financial Group from $46.00 to $49.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods upped their price objective 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $41.00.

Insider Buying and Selling at CNO Financial Group

In related news, insider Yvonne K. Franzese sold 2,013 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $42.18, for a total transaction of $84,908.34. Following the sale, the insider now directly owns 26,994 shares of the company’s stock, valued at approximately $1,138,606.92. This represents a 6.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of CNO Financial Group stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $41.49, for a total transaction of $1,692,792.00. Following the completion of the transaction, the general counsel now directly owns 244,943 shares of the company’s stock, valued at approximately $10,162,685.07. This represents a 14.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 159,512 shares of company stock worth $6,497,710 over the last quarter. 3.00% of the stock is owned by corporate insiders.

CNO Financial Group Stock Performance

Shares of NYSE:CNO opened at $36.49 on Friday. The business’s 50-day simple moving average is $40.31 and its 200 day simple moving average is $38.38. The company has a market cap of $3.66 billion, a P/E ratio of 9.76 and a beta of 0.90. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. CNO Financial Group, Inc. has a one year low of $24.92 and a one year high of $43.20.

CNO Financial Group (NYSE:CNO) last released its quarterly 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 net margin of 9.08% and a return on equity of 17.20%. On average, sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.75%. The ex-dividend date was Monday, March 10th. CNO Financial Group’s payout ratio is currently 17.11%.

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.