Nuveen Asset Management LLC Raises Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Nuveen Asset Management LLC raised its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 13.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 583,180 shares of the financial services provider's stock after acquiring an additional 67,880 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.57% of CNO Financial Group worth $21,700,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. increased its stake in 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 valued at $159,474,000 after purchasing an additional 130,342 shares during the last quarter. American Century Companies Inc. increased its stake in CNO Financial Group by 11.7% in the fourth quarter. American Century Companies Inc. now owns 2,687,861 shares of the financial services provider's stock valued at $100,015,000 after purchasing an additional 282,611 shares during the last quarter. JPMorgan Chase & Co. increased its stake in 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 valued at $47,419,000 after purchasing an additional 372,701 shares during the last quarter. Bank of America Corp DE increased its stake in 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 valued at $34,323,000 after purchasing an additional 648,591 shares during the last quarter. Finally, Invesco Ltd. increased its stake in CNO Financial Group by 21.6% in the fourth quarter. Invesco Ltd. now owns 899,226 shares of the financial services provider's stock valued at $33,460,000 after purchasing an additional 159,603 shares during the last quarter. 95.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on CNO. Keefe, Bruyette & Woods upped their target price 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. Piper Sandler upped their target price on CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. Finally, Royal Bank of Canada upped their target price on CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, CNO Financial Group currently has an average rating of "Hold" and a consensus target price of $41.00.

Insider Transactions at CNO Financial Group

In related news, insider Yvonne K. Franzese sold 2,013 shares of the 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 of the company's stock, valued at approximately $1,138,606.92. This represents a 6.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Scott L. Goldberg sold 25,500 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $40.11, for a total value of $1,022,805.00. Following the completion of the transaction, the insider now directly owns 169,342 shares of the company's stock, valued at $6,792,307.62. This represents a 13.09% 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 quarter. Company insiders own 3.00% of the company's stock.

CNO Financial Group Trading Up 0.9%

NYSE:CNO traded up $0.33 on Thursday, hitting $37.78. 71,349 shares of the stock were exchanged, compared to its average volume of 690,842. The stock has a market cap of $3.75 billion, a PE ratio of 10.10 and a beta of 0.90. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61. The stock has a fifty day moving average of $38.68 and a 200-day moving average of $39.02. CNO Financial Group, Inc. has a fifty-two week low of $26.36 and a fifty-two week high of $43.20.

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

CNO Financial Group Increases Dividend

The business also recently announced 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. This is an increase from CNO Financial Group's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.68 annualized dividend and a dividend yield of 1.80%. CNO Financial Group's dividend payout ratio is presently 23.78%.

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.