MetLife Investment Management LLC Increases Holdings in CNO Financial Group, Inc. (NYSE:CNO)

MetLife Investment Management LLC boosted its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,974 shares of the financial services provider's stock after acquiring an additional 7,635 shares during the period. MetLife Investment Management LLC owned 0.12% of CNO Financial Group worth $4,464,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CNO. Barclays PLC boosted its holdings in CNO Financial Group by 113.7% in the third quarter. Barclays PLC now owns 219,141 shares of the financial services provider's stock valued at $7,691,000 after acquiring an additional 116,617 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of CNO Financial Group by 11.3% during the 3rd quarter. Tidal Investments LLC now owns 11,246 shares of the financial services provider's stock worth $395,000 after buying an additional 1,145 shares in the last quarter. DGS Capital Management LLC bought a new position in shares of CNO Financial Group during the 3rd quarter worth approximately $256,000. Principal Financial Group Inc. boosted its holdings in shares of CNO Financial Group by 6.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider's stock worth $66,676,000 after buying an additional 107,589 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of CNO Financial Group by 15.3% during the 4th quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider's stock worth $85,000 after buying an additional 304 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors.

CNO Financial Group Stock Performance

CNO traded down $0.65 during midday trading on Wednesday, reaching $37.36. The company had a trading volume of 171,424 shares, compared to its average volume of 707,264. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. The stock has a market cap of $3.75 billion, a PE ratio of 9.99 and a beta of 0.90. CNO Financial Group, Inc. has a 12-month low of $25.75 and a 12-month high of $43.20. The business has a 50-day moving average price of $39.68 and a two-hundred day moving average price of $38.74.

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, meeting analysts' consensus estimates of $0.79. The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $975.80 million. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. CNO Financial Group's revenue was down 13.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 EPS. On average, sell-side analysts expect that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Monday, March 10th. CNO Financial Group's dividend payout ratio (DPR) is presently 22.38%.

Wall Street Analyst Weigh In

CNO has been the topic of a number of research analyst reports. Royal Bank of Canada increased their price target on CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. BMO Capital Markets assumed coverage on CNO Financial Group in a research report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 target price on the stock. Keefe, Bruyette & Woods upped their target price on CNO Financial Group from $42.00 to $44.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 12th. Finally, Piper Sandler upped their target price on CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. One equities 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $41.00.

Insider Buying and Selling

In other news, insider Scott L. Goldberg sold 25,500 shares of the stock in a transaction on 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 transaction, the insider now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeremy David Williams sold 3,393 shares of the 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 directly owns 56,599 shares in the company, valued at approximately $2,364,140.23. This represents a 5.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 159,512 shares of company stock valued at $6,497,710. Company insiders own 3.38% of the company's stock.

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.