CNO Financial Group, Inc. (NYSE:CNO) Holdings Trimmed by Geode Capital Management LLC

Geode Capital Management LLC decreased its position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,505,290 shares of the financial services provider's stock after selling 36,433 shares during the period. Geode Capital Management LLC owned approximately 2.43% of CNO Financial Group worth $93,241,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CNO. American Century Companies Inc. grew its position in shares of CNO Financial Group by 11.7% during the 4th quarter. American Century Companies Inc. now owns 2,687,861 shares of the financial services provider's stock worth $100,015,000 after buying an additional 282,611 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of CNO Financial Group by 6.0% in the third quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider's stock worth $66,676,000 after buying an additional 107,589 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of CNO Financial Group by 41.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,274,370 shares of the financial services provider's stock worth $47,419,000 after purchasing an additional 372,701 shares during the period. Allianz Asset Management GmbH increased its holdings in CNO Financial Group by 1.3% in the fourth quarter. Allianz Asset Management GmbH now owns 848,407 shares of the financial services provider's stock valued at $31,569,000 after buying an additional 10,846 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in CNO Financial Group by 37.1% during 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 in the last quarter. Institutional investors own 95.43% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, insider Jeremy David Williams sold 11,300 shares of the firm's stock in a transaction 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 sale, the insider now directly owns 65,299 shares of the company's stock, valued at approximately $2,710,561.49. This trade represents a 14.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Yvonne K. Franzese sold 2,013 shares of the business's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $42.18, for a total value of $84,908.34. Following the completion of the transaction, the insider now owns 26,994 shares in the company, valued at approximately $1,138,606.92. This trade represents a 6.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 159,512 shares of company stock valued at $6,497,710 in the last ninety days. Company insiders own 3.00% of the company's stock.

CNO Financial Group Price Performance

Shares of NYSE CNO traded up $0.27 during trading on Wednesday, reaching $38.43. The company had a trading volume of 51,810 shares, compared to its average volume of 713,271. The stock has a market capitalization of $3.85 billion, a PE ratio of 10.24 and a beta of 0.90. The stock has a 50-day moving average price of $40.18 and a two-hundred day moving average price of $38.45. CNO Financial Group, Inc. has a twelve month low of $25.08 and a twelve 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. As a group, sell-side analysts predict 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 announced a quarterly dividend, which was paid on Monday, March 24th. Investors 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 dividend on an annualized basis and a yield of 1.67%. CNO Financial Group's payout ratio is 17.11%.

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.