First Trust Advisors LP Raises Holdings in CNO Financial Group, Inc. (NYSE:CNO)

First Trust Advisors LP increased its holdings in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 34.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,006 shares of the financial services provider's stock after purchasing an additional 40,122 shares during the quarter. First Trust Advisors LP owned approximately 0.15% of CNO Financial Group worth $5,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co boosted its holdings in shares of CNO Financial Group by 10.0% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 107,921 shares of the financial services provider's stock valued at $4,015,000 after buying an additional 9,772 shares in the last quarter. Keeley Teton Advisors LLC bought a new stake in CNO Financial Group in the fourth quarter worth $1,586,000. Bridgewater Associates LP increased its holdings in shares of CNO Financial Group by 5.3% during the fourth quarter. Bridgewater Associates LP now owns 197,191 shares of the financial services provider's stock valued at $7,337,000 after acquiring an additional 9,981 shares in the last quarter. Mariner LLC boosted its stake in CNO Financial Group by 6.7% in the 4th quarter. Mariner LLC now owns 6,116 shares of the financial services provider's stock worth $228,000 after purchasing an additional 385 shares in the last quarter. Finally, Barclays PLC increased its stake in CNO Financial Group by 22.1% during the 4th quarter. Barclays PLC now owns 267,567 shares of the financial services provider's stock valued at $9,957,000 after purchasing an additional 48,426 shares in the last quarter. Hedge funds and other institutional investors own 95.43% of the company's stock.

Insider Transactions at CNO Financial Group

In other news, insider Jeremy David Williams sold 11,300 shares of CNO Financial Group stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $41.51, for a total transaction of $469,063.00. Following the completion of the transaction, the insider now directly owns 65,299 shares of the company's stock, valued at $2,710,561.49. The trade was a 14.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $40.10, for a total value of $1,636,080.00. Following the transaction, the general counsel now owns 204,143 shares in the company, valued at $8,186,134.30. This trade represents a 16.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 159,512 shares of company stock worth $6,497,710. Insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada raised 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 increased 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. BMO Capital Markets started coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 price target on the stock. Finally, Keefe, Bruyette & Woods increased their price objective 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 given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $41.00.

CNO Financial Group Trading Up 0.5 %

CNO stock traded up $0.19 during midday trading on Tuesday, reaching $37.54. The company's stock had a trading volume of 46,617 shares, compared to its average volume of 700,554. CNO Financial Group, Inc. has a 1 year low of $26.36 and a 1 year high of $43.20. The stock has a fifty day simple moving average of $39.47 and a two-hundred day simple moving average of $38.81. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 10.03 and a beta of 0.90. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its earnings results on Monday, April 28th. The financial services provider reported $0.79 earnings per share for the quarter, meeting analysts' consensus estimates of $0.79. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $975.80 million. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. CNO Financial Group's revenue was down 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 EPS. On average, equities research analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.81%. This is an increase from CNO Financial Group's previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, June 10th. CNO Financial Group's payout ratio is 22.38%.

CNO Financial Group Company Profile

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.