UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 356,019 shares of the financial services provider's stock after purchasing an additional 30,784 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.34% of CNO Financial Group worth $13,247,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CNO. Jones Financial Companies Lllp grew its holdings in CNO Financial Group by 368.2% in the 4th 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 grew its holdings 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 buying an additional 417 shares in the last quarter. Principal Securities Inc. grew its holdings in CNO Financial Group by 51.6% in the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock worth $36,000 after buying an additional 325 shares in the last quarter. Quarry LP grew its holdings in CNO Financial Group by 137.8% in the 4th quarter. Quarry LP now owns 1,334 shares of the financial services provider's stock worth $50,000 after buying an additional 773 shares in the last quarter. Finally, Headlands Technologies LLC grew its holdings in CNO Financial Group by 193.2% in the 4th quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock worth $50,000 after buying an additional 881 shares in the last quarter. 95.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CNO has been the subject of a number of recent research reports. Royal Bank of Canada increased their price objective 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. Keefe, Bruyette & Woods increased their target price on shares of 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. Finally, Piper Sandler raised 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 note on Wednesday, April 2nd. 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 company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $41.00.

CNO Financial Group Trading Down 0.6%

Shares of NYSE:CNO traded down $0.22 during mid-day trading on Monday, reaching $37.74. 228,100 shares of the company's stock were exchanged, compared to its average volume of 708,637. CNO Financial Group, Inc. has a twelve month low of $26.36 and a twelve month high of $43.20. The business's fifty day moving average price is $38.51 and its 200-day moving average price is $38.99. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 10.09 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 posted its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $975.80 million. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. The business's revenue was down 13.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. On average, research analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be issued a $0.17 dividend. This is a positive change from CNO Financial Group's previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Tuesday, June 10th. CNO Financial Group's dividend payout ratio (DPR) is presently 23.78%.

Insider Transactions at CNO Financial Group

In other news, insider Yvonne K. Franzese sold 2,013 shares of the firm'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 transaction, the insider now owns 26,994 shares of the company's stock, valued at $1,138,606.92. This trade represents a 6.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeremy David Williams sold 3,393 shares of CNO Financial Group 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 sale, the insider now owns 56,599 shares in the company, valued at approximately $2,364,140.23. The trade was a 5.66% decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,912 shares of company stock valued at $3,168,838 over the last three months. Company 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.