Vident Advisory LLC grew its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 115.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,026 shares of the financial services provider's stock after buying an additional 7,527 shares during the quarter. Vident Advisory LLC's holdings in CNO Financial Group were worth $522,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. raised its position in shares of CNO Financial Group by 3.1% during the 4th 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 period. American Century Companies Inc. increased its stake in CNO Financial Group by 11.7% in the 4th quarter. American Century Companies Inc. now owns 2,687,861 shares of the financial services provider's stock worth $100,015,000 after buying an additional 282,611 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in CNO Financial Group by 41.3% during 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 acquiring an additional 372,701 shares during the period. Bank of America Corp DE lifted its position 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 valued at $34,323,000 after acquiring an additional 648,591 shares in the last quarter. Finally, Invesco Ltd. lifted its position 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 valued at $33,460,000 after acquiring an additional 159,603 shares in the last quarter. Institutional investors own 95.43% of the company's stock.
CNO Financial Group Price Performance
Shares of NYSE:CNO traded up $0.59 during mid-day trading on Thursday, reaching $38.04. The stock had a trading volume of 454,375 shares, compared to its average volume of 713,120. The business's 50 day moving average price is $38.68 and its 200 day moving average price is $39.02. CNO Financial Group, Inc. has a 1 year low of $26.36 and a 1 year high of $43.20. The company has a market cap of $3.77 billion, a P/E ratio of 10.17 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.
CNO Financial Group (NYSE:CNO - Get Free Report) last posted its earnings results on Monday, April 28th. The financial services provider reported $0.79 EPS for the quarter, meeting analysts' consensus estimates of $0.79. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $975.80 million. During the same period in the prior year, the company earned $0.52 EPS. The company's quarterly revenue was down 13.2% compared to the same quarter last year. Research analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.
CNO Financial Group Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, June 10th. This is an increase from CNO Financial Group's previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a yield of 1.79%. CNO Financial Group's dividend payout ratio is 23.78%.
Insider Buying and Selling at CNO Financial Group
In related news, insider Yvonne K. Franzese sold 2,013 shares of the firm's stock in a transaction 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 completion of the sale, the insider now directly owns 26,994 shares in the company, valued at $1,138,606.92. This trade represents a 6.94% decrease in their ownership of the stock. The sale 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 the business's stock in a transaction 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 transaction, the insider now owns 56,599 shares in the company, valued at $2,364,140.23. This trade represents a 5.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,912 shares of company stock worth $3,168,838 over the last ninety days. Company insiders own 3.00% of the company's stock.
Analyst Ratings Changes
CNO has been the topic of several recent analyst reports. Piper Sandler lifted 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. Keefe, Bruyette & Woods increased their price objective on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a report on Wednesday, February 12th. Finally, Royal Bank of Canada lifted their price objective on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $41.00.
View Our Latest Stock Analysis on CNO
About CNO Financial Group
(
Free Report)
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.
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