Allianz Asset Management GmbH Acquires 56,388 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Allianz Asset Management GmbH grew its position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 904,795 shares of the financial services provider's stock after buying an additional 56,388 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.90% of CNO Financial Group worth $37,685,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of CNO Financial Group by 3.1% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,285,783 shares of the financial services provider's stock worth $159,474,000 after buying an additional 130,342 shares during the period. JPMorgan Chase & Co. boosted its holdings 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 worth $47,419,000 after buying an additional 372,701 shares during the period. Bank of America Corp DE boosted its holdings in shares of CNO Financial Group by 236.9% in the fourth quarter. Bank of America Corp DE now owns 922,411 shares of the financial services provider's stock worth $34,323,000 after buying an additional 648,591 shares during the period. Invesco Ltd. boosted its holdings in shares of CNO Financial Group by 21.6% in the fourth quarter. Invesco Ltd. now owns 899,226 shares of the financial services provider's stock worth $33,460,000 after buying an additional 159,603 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of CNO Financial Group by 15.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 772,371 shares of the financial services provider's stock worth $32,424,000 after buying an additional 100,735 shares during the period. 95.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Piper Sandler raised their target price 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 assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, CNO Financial Group has an average rating of "Hold" and an average price target of $41.00.

CNO Financial Group Stock Up 1.1%

Shares of NYSE CNO traded up $0.40 during mid-day trading on Friday, reaching $37.77. The company had a trading volume of 658,913 shares, compared to its average volume of 691,837. The stock has a fifty day moving average of $37.64 and a two-hundred day moving average of $38.81. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.18 and a current ratio of 0.18. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 13.21 and a beta of 0.87. CNO Financial Group, Inc. has a 12-month low of $30.48 and a 12-month high of $43.20.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, hitting 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 net margin of 7.11% and a return on equity of 17.86%. The firm's revenue was down 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share. As a group, equities research analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Tuesday, June 10th. This is a positive change from CNO Financial Group's previous quarterly dividend of $0.16. CNO Financial Group's dividend payout ratio (DPR) is presently 23.78%.

Insiders Place Their Bets

In related news, insider Michael E. Mead sold 12,581 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $37.97, for a total transaction of $477,700.57. Following the transaction, the insider owned 15,729 shares of the company's stock, valued at approximately $597,230.13. This trade represents a 44.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.00% of the company's stock.

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.