Invesco Ltd. Boosts Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Invesco Ltd. increased its position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 21.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 899,226 shares of the financial services provider's stock after buying an additional 159,603 shares during the period. Invesco Ltd. owned about 0.87% of CNO Financial Group worth $33,460,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in shares of CNO Financial Group by 368.2% in the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock worth $30,000 after buying an additional 626 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in CNO Financial Group by 95.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock worth $32,000 after purchasing an additional 417 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of CNO Financial Group by 51.6% during the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 325 shares during the last quarter. Headlands Technologies LLC grew its position in shares of CNO Financial Group by 193.2% during the fourth quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock valued at $50,000 after purchasing an additional 881 shares in the last quarter. Finally, Sound Income Strategies LLC bought a new stake in shares of CNO Financial Group in the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 95.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods increased their price target on 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. BMO Capital Markets assumed coverage on CNO Financial Group in a research report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 target price for the company. Piper Sandler boosted their price target on shares of CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Finally, Royal Bank of Canada increased their price objective 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. One investment 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $41.00.

CNO Financial Group Trading Up 3.2 %

NYSE:CNO traded up $1.22 during midday trading on Wednesday, hitting $39.85. 78,347 shares of the company traded hands, compared to its average volume of 705,380. The firm has a market capitalization of $4.00 billion, a P/E ratio of 10.66 and a beta of 0.90. The firm's fifty day moving average is $39.88 and its 200-day moving average is $38.57. CNO Financial Group, Inc. has a 12-month low of $25.75 and a 12-month high of $43.20. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. On average, sell-side analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a $0.16 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.61%. CNO Financial Group's payout ratio is 17.11%.

Insider Transactions at CNO Financial Group

In other news, insider Jeremy David Williams sold 3,393 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $41.77, for a total transaction of $141,725.61. Following the transaction, the insider now directly owns 56,599 shares of the company's stock, valued at approximately $2,364,140.23. This trade represents a 5.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Yvonne K. Franzese sold 2,013 shares of CNO Financial Group stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $42.18, for a total transaction of $84,908.34. Following the sale, the insider now directly owns 26,994 shares of the company's stock, valued at $1,138,606.92. This represents a 6.94 % decrease in their position. The disclosure for this sale can be found here. Over 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.

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.