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

Allspring Global Investments Holdings LLC cut its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 11.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,153,554 shares of the financial services provider’s stock after selling 149,977 shares during the period. Allspring Global Investments Holdings LLC’s holdings in CNO Financial Group were worth $48,680,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Optiver Holding B.V. raised its position in CNO Financial Group by 90.1% in the 3rd quarter. Optiver Holding B.V. now owns 637 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 302 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in CNO Financial Group by 353.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 743 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 579 shares during the period. First Horizon Corp purchased a new position in CNO Financial Group during the 3rd quarter worth $32,000. EverSource Wealth Advisors LLC increased its stake in CNO Financial Group by 123.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,176 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 649 shares during the period. Finally, Osaic Holdings Inc. increased its stake in CNO Financial Group by 39.2% in the second quarter. Osaic Holdings Inc. now owns 1,194 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 336 shares during the period. 95.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CNO shares. Evercore reiterated an “underperform” rating and set a $43.00 target price on shares of CNO Financial Group in a research note on Wednesday, February 18th. Wall Street Zen cut CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Jefferies Financial Group raised CNO Financial Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $42.00 to $47.00 in a research note on Monday, December 15th. Piper Sandler increased their price objective on CNO Financial Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 23rd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $46.00 target price on shares of CNO Financial Group in a research note on Thursday, March 26th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $46.50.

CNO Financial Group Stock Up 0.2%

CNO Financial Group stock opened at $41.14 on Thursday. The stock’s 50 day moving average price is $41.63 and its 200 day moving average price is $41.14. CNO Financial Group, Inc. has a 1-year low of $34.63 and a 1-year high of $44.85. The company has a market cap of $3.86 billion, a PE ratio of 18.45 and a beta of 0.82. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.17 and a quick ratio of 0.17.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.27. The firm had revenue of $101.10 million during the quarter, compared to analysts’ expectations of $1 billion. CNO Financial Group had a return on equity of 15.80% and a net margin of 4.94%.CNO Financial Group’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.18 earnings per share. On average, sell-side analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, March 10th. CNO Financial Group’s dividend payout ratio (DPR) is currently 30.49%.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, insider Scott L. Goldberg sold 11,060 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $39.97, for a total transaction of $442,068.20. Following the transaction, the insider directly owned 214,524 shares in the company, valued at approximately $8,574,524.28. This represents a 4.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Matthew J. Zimpfer sold 33,800 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $43.05, for a total transaction of $1,455,090.00. Following the completion of the transaction, the general counsel directly owned 307,937 shares of the company’s stock, valued at approximately $13,256,687.85. This trade represents a 9.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 228,208 shares of company stock worth $9,762,609 over the last three months. 3.00% of the stock is currently owned by company insiders.

CNO Financial Group Company 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.