Barclays PLC Purchases 48,426 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Barclays PLC raised its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 22.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 267,567 shares of the financial services provider's stock after acquiring an additional 48,426 shares during the quarter. Barclays PLC owned approximately 0.26% of CNO Financial Group worth $9,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Bragg Financial Advisors Inc boosted its stake in shares of CNO Financial Group by 0.7% during the 4th quarter. Bragg Financial Advisors Inc now owns 554,634 shares of the financial services provider's stock worth $20,638,000 after acquiring an additional 3,846 shares during the last quarter. Covestor Ltd boosted its stake in shares of CNO Financial Group by 20.6% during the 4th quarter. Covestor Ltd now owns 4,443 shares of the financial services provider's stock worth $165,000 after acquiring an additional 758 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of CNO Financial Group during the 4th quarter worth $2,295,000. Invesco Ltd. boosted its stake in shares of CNO Financial Group by 21.6% during the 4th quarter. Invesco Ltd. now owns 899,226 shares of the financial services provider's stock worth $33,460,000 after acquiring an additional 159,603 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of CNO Financial Group by 7.3% during the 4th quarter. Bank of Montreal Can now owns 25,551 shares of the financial services provider's stock worth $951,000 after acquiring an additional 1,733 shares during the last quarter. Hedge funds and other institutional investors own 95.43% of the company's stock.

Insiders Place Their Bets

In other news, insider Scott L. Goldberg sold 25,500 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $40.02, for a total value of $1,020,510.00. Following the sale, the insider now directly owns 169,342 shares in the company, valued at $6,777,066.84. The trade was a 13.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeremy David Williams sold 11,300 shares of the business's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $41.51, for a total transaction of $469,063.00. Following the completion of the sale, the insider now owns 65,299 shares in the company, valued at approximately $2,710,561.49. This trade represents a 14.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 159,512 shares of company stock worth $6,497,710 in the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

CNO Financial Group Price Performance

CNO stock traded up $0.32 during mid-day trading on Monday, hitting $39.90. The company had a trading volume of 689,684 shares, compared to its average volume of 706,101. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 10.67 and a beta of 0.90. CNO Financial Group, Inc. has a 12-month low of $25.75 and a 12-month high of $43.20. 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 company has a 50-day moving average price of $39.73 and a 200 day moving average price of $38.75.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. On average, research analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.60%. The ex-dividend date was Monday, March 10th. CNO Financial Group's payout ratio is currently 17.11%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CNO. Royal Bank of Canada lifted their price target on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. BMO Capital Markets began coverage on shares of CNO Financial Group in a research note on Thursday, January 23rd. They set a "market perform" rating and a $38.00 target price on the stock. Keefe, Bruyette & Woods lifted their target price on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. Finally, Piper Sandler lifted their target price on shares of CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target 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.