CNO Financial Group, Inc. (NYSE:CNO) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its holdings in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 29.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,255 shares of the financial services provider's stock after buying an additional 15,178 shares during the period. Wells Fargo & Company MN owned approximately 0.06% of CNO Financial Group worth $2,465,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC increased its position in CNO Financial Group by 113.7% during the third quarter. Barclays PLC now owns 219,141 shares of the financial services provider's stock worth $7,691,000 after purchasing an additional 116,617 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of CNO Financial Group by 11.3% during the 3rd quarter. Tidal Investments LLC now owns 11,246 shares of the financial services provider's stock worth $395,000 after buying an additional 1,145 shares during the last quarter. DGS Capital Management LLC purchased a new stake in shares of CNO Financial Group during the 3rd quarter valued at approximately $256,000. Principal Financial Group Inc. lifted its holdings in 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 valued at $66,676,000 after acquiring an additional 107,589 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in CNO Financial Group by 15.3% in the fourth quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider's stock worth $85,000 after acquiring an additional 304 shares during the period. 95.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CNO Financial Group

In other news, insider Scott L. Goldberg sold 25,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $40.11, for a total value of $1,022,805.00. Following the completion of the sale, the insider now directly owns 169,342 shares of the company's stock, valued at $6,792,307.62. This trade represents a 13.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Yvonne K. Franzese sold 2,097 shares of the stock in a transaction dated 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 approximately $1,290,461.76. This trade represents a 6.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 159,512 shares of company stock worth $6,497,710. 3.38% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CNO shares. Keefe, Bruyette & Woods upped 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. Royal Bank of Canada boosted 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 initiated coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 target price on the stock. Finally, 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 report on Wednesday, April 2nd. 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 company presently has an average rating of "Hold" and an average price target of $41.00.

CNO Financial Group Stock Down 0.2 %

Shares of CNO Financial Group stock traded down $0.06 during trading hours on Wednesday, hitting $37.95. The company had a trading volume of 1,276,793 shares, compared to its average volume of 709,986. The company's 50-day moving average is $39.64 and its two-hundred day moving average is $38.74. CNO Financial Group, Inc. has a twelve month low of $26.29 and a twelve month high of $43.20. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. The company has a market cap of $3.81 billion, a P/E ratio of 10.15 and a beta of 0.90.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $975.80 million. During the same quarter last year, the company posted $0.52 earnings per share. The business's quarterly revenue was down 13.2% compared to the same quarter last year. Analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Monday, March 10th. CNO Financial Group's dividend payout ratio is currently 22.38%.

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.