Bridgewater Associates LP Purchases 9,981 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Bridgewater Associates LP lifted its stake in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 197,191 shares of the financial services provider's stock after purchasing an additional 9,981 shares during the quarter. Bridgewater Associates LP owned 0.19% of CNO Financial Group worth $7,337,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CNO. Norges Bank bought a new position in shares of CNO Financial Group in the 4th quarter worth $13,975,000. JPMorgan Chase & Co. increased its position in shares of CNO Financial Group by 41.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,274,370 shares of the financial services provider's stock valued at $47,419,000 after acquiring an additional 372,701 shares during the period. American Century Companies Inc. boosted its holdings in shares of CNO Financial Group by 11.7% during the fourth 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 period. Allspring Global Investments Holdings LLC grew its stake in shares of CNO Financial Group by 37.1% in 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 during the last quarter. Finally, Invesco Ltd. raised its position in CNO Financial Group by 21.6% during the 4th quarter. Invesco Ltd. now owns 899,226 shares of the financial services provider's stock valued at $33,460,000 after purchasing an additional 159,603 shares during the last quarter. 95.43% of the stock is owned by institutional investors.

Insider Activity

In other CNO Financial Group news, insider Yvonne K. Franzese sold 2,097 shares of CNO Financial Group stock in a transaction on Wednesday, March 26th. The shares were 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. The trade was a 6.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeremy David Williams sold 3,393 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $41.77, for a total transaction of $141,725.61. Following the completion of the sale, the insider now directly owns 56,599 shares in the company, valued at $2,364,140.23. This trade represents a 5.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 159,512 shares of company stock worth $6,497,710. 3.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Piper Sandler upped their target price on CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods boosted their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a research report on Wednesday, February 12th. BMO Capital Markets assumed coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 price objective for the company. Finally, Royal Bank of Canada increased their target price on CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $41.00.

CNO Financial Group Stock Performance

Shares of CNO Financial Group stock traded up $1.24 during trading hours on Tuesday, reaching $38.40. 77,435 shares of the stock traded hands, compared to its average volume of 706,227. 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 price-to-earnings ratio of 10.27 and a beta of 0.90. CNO Financial Group, Inc. has a one year low of $25.75 and a one year high of $43.20. The company has a 50 day moving average price of $39.94 and a 200 day moving average price of $38.57.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.25. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. On average, equities research analysts expect that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a dividend of $0.16 per share. The ex-dividend date was Monday, March 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.67%. CNO Financial Group's dividend payout ratio (DPR) is 17.11%.

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.