CNO Financial Group, Inc. (NYSE:CNO) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 26.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,824 shares of the financial services provider's stock after purchasing an additional 8,465 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in CNO Financial Group were worth $1,700,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings in CNO Financial Group by 37.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 671,636 shares of the financial services provider's stock valued at $24,945,000 after acquiring an additional 181,711 shares during the period. Congress Asset Management Co. lifted its holdings in CNO Financial Group by 5.9% in the fourth quarter. Congress Asset Management Co. now owns 157,004 shares of the financial services provider's stock valued at $5,842,000 after acquiring an additional 8,689 shares during the period. Principal Securities Inc. lifted its holdings in CNO Financial Group by 51.6% in the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 325 shares during the period. Atria Wealth Solutions Inc. acquired a new position in CNO Financial Group in the fourth quarter valued at approximately $214,000. Finally, Handelsbanken Fonder AB lifted its holdings in CNO Financial Group by 13.7% in the fourth quarter. Handelsbanken Fonder AB now owns 25,755 shares of the financial services provider's stock valued at $958,000 after acquiring an additional 3,100 shares during the period. Institutional investors and hedge funds own 95.43% of the company's stock.

CNO Financial Group Price Performance

Shares of CNO Financial Group stock traded up $0.25 on Monday, reaching $37.13. The company's stock had a trading volume of 723,541 shares, compared to its average volume of 699,252. The company has a market capitalization of $3.68 billion, a P/E ratio of 9.93 and a beta of 0.89. CNO Financial Group, Inc. has a 52-week low of $26.59 and a 52-week high of $43.20. The stock has a 50-day moving average price of $38.09 and a 200-day moving average price of $38.85. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.79 EPS for the quarter, meeting analysts' consensus estimates of $0.79. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $975.80 million. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. The business's revenue was down 13.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 earnings per share. 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 will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be given a $0.17 dividend. The ex-dividend date is Tuesday, June 10th. This is a boost 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 1.83%. CNO Financial Group's payout ratio is 23.78%.

Insider Activity

In related news, insider Jeremy David Williams sold 11,300 shares of the business's stock in a transaction that occurred on Monday, March 31st. The stock was 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 in the company, valued at approximately $2,710,561.49. The trade was a 14.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Yvonne K. Franzese sold 2,013 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $42.18, for a total value of $84,908.34. Following the sale, the insider now owns 26,994 shares of the company's stock, valued at $1,138,606.92. The trade was a 6.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,912 shares of company stock worth $1,125,523 over the last three months. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler boosted their price target on CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $41.00.

CNO Financial Group 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.