Hancock Whitney Corp Acquires New Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Hancock Whitney Corp purchased a new position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,957 shares of the financial services provider's stock, valued at approximately $333,000.

A number of other institutional investors have also recently made changes to their positions in CNO. Barclays PLC increased its position in shares of CNO Financial Group by 113.7% during the 3rd quarter. Barclays PLC now owns 219,141 shares of the financial services provider's stock valued at $7,691,000 after purchasing an additional 116,617 shares during the last quarter. Tidal Investments LLC grew its position in CNO Financial Group by 11.3% during the third quarter. Tidal Investments LLC now owns 11,246 shares of the financial services provider's stock valued at $395,000 after acquiring an additional 1,145 shares during the last quarter. DGS Capital Management LLC purchased a new position in shares of CNO Financial Group during the third quarter worth approximately $256,000. Principal Financial Group Inc. boosted 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 purchasing an additional 107,589 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of CNO Financial Group by 15.3% during the 4th quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider's stock valued at $85,000 after purchasing an additional 304 shares during the last quarter. Institutional investors own 95.43% of the company's stock.

CNO Financial Group Trading Up 3.4 %

Shares of CNO traded up $1.25 during mid-day trading on Friday, hitting $38.37. 248,337 shares of the company's stock traded hands, compared to its average volume of 710,014. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $3.85 billion, a P/E ratio of 10.25 and a beta of 0.90. The business's 50-day moving average price is $39.58 and its 200-day moving average price is $38.75. CNO Financial Group, Inc. has a 1 year low of $26.36 and a 1 year high of $43.20.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.79. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $975.80 million. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. The company's quarterly revenue was down 13.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 EPS. As a group, sell-side analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a $0.16 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.64 annualized dividend and a yield of 1.67%. CNO Financial Group's dividend payout ratio (DPR) is presently 22.38%.

Insiders Place Their Bets

In other news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $40.10, for a total value of $1,636,080.00. Following the sale, the general counsel now directly owns 204,143 shares of the company's stock, valued at approximately $8,186,134.30. This represents a 16.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Yvonne K. Franzese sold 2,097 shares of CNO Financial Group stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $42.56, for a total transaction of $89,248.32. Following the completion of the transaction, the insider now directly owns 30,321 shares of the company's stock, valued at $1,290,461.76. This trade represents a 6.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 159,512 shares of company stock worth $6,497,710. Company insiders own 3.38% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Royal Bank of Canada upped 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. Piper Sandler raised their price target on CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. BMO Capital Markets started coverage on CNO Financial Group in a research note on Thursday, January 23rd. They set a "market perform" rating and a $38.00 price objective for the company. Finally, 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 note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, CNO Financial Group has a consensus rating of "Hold" and an average target price of $41.00.

About CNO Financial Group

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.