CNO Financial Group, Inc. $CNO Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its position in CNO Financial Group, Inc. (NYSE:CNO) by 2.3% in the third quarter, Holdings Channel.com reports. The fund owned 1,303,531 shares of the financial services provider’s stock after selling 30,167 shares during the period. Allspring Global Investments Holdings LLC’s holdings in CNO Financial Group were worth $51,046,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in CNO Financial Group by 6.2% in the second quarter. American Century Companies Inc. now owns 3,121,527 shares of the financial services provider’s stock worth $120,429,000 after purchasing an additional 183,493 shares during the period. Allianz Asset Management GmbH lifted its position in shares of CNO Financial Group by 70.9% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,546,745 shares of the financial services provider’s stock worth $59,673,000 after buying an additional 641,950 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of CNO Financial Group by 32.6% in the 2nd quarter. Balyasny Asset Management L.P. now owns 764,867 shares of the financial services provider’s stock valued at $29,509,000 after buying an additional 187,974 shares during the period. Bragg Financial Advisors Inc boosted its holdings in shares of CNO Financial Group by 14.0% in the 2nd quarter. Bragg Financial Advisors Inc now owns 639,939 shares of the financial services provider’s stock valued at $24,689,000 after buying an additional 78,793 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in CNO Financial Group by 1.5% in the second quarter. Ameriprise Financial Inc. now owns 607,659 shares of the financial services provider’s stock worth $23,443,000 after acquiring an additional 8,686 shares during the last quarter. 95.43% of the stock is currently owned by institutional investors.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, CMO Rocco F. Tarasi III sold 9,283 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $42.60, for a total value of $395,455.80. Following the completion of the sale, the chief marketing officer owned 73,932 shares in the company, valued at $3,149,503.20. This represents a 11.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CIO Eric R. Johnson sold 48,665 shares of CNO Financial Group stock in a transaction on Monday, November 10th. The shares were sold at an average price of $41.24, for a total transaction of $2,006,944.60. Following the sale, the executive directly owned 671,542 shares of the company’s stock, valued at $27,694,392.08. This trade represents a 6.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.00% of the stock is currently owned by corporate insiders.

CNO Financial Group Stock Down 0.8%

NYSE:CNO opened at $42.46 on Friday. The business’s fifty day moving average price is $41.25 and its 200 day moving average price is $39.38. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 14.85 and a beta of 0.85. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.45. CNO Financial Group, Inc. has a 1-year low of $34.63 and a 1-year high of $44.01.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Friday, May 19th. The financial services provider reported $0.84 earnings per share for the quarter. The company had revenue of $968.30 million for the quarter. CNO Financial Group had a return on equity of 15.81% and a net margin of 6.64%. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 10th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.6%. The ex-dividend date was Wednesday, December 10th. CNO Financial Group’s dividend payout ratio is currently 23.78%.

Wall Street Analysts Forecast Growth

CNO has been the topic of a number of research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of CNO Financial Group in a research report on Wednesday, October 8th. Wall Street Zen raised CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Jefferies Financial Group raised shares of CNO Financial Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $42.00 to $47.00 in a report on Monday, December 15th. Piper Sandler increased their price objective on shares of CNO Financial Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday, December 23rd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of CNO Financial Group from $44.00 to $45.00 and gave the company a “market perform” rating in a research report on Thursday, October 9th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, CNO Financial Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

CNO Financial Group Profile

CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.