Northern Trust Corp Has $70.09 Million Stake in CNO Financial Group, Inc. (NYSE:CNO)

Northern Trust Corp decreased its position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,883,722 shares of the financial services provider's stock after selling 64,899 shares during the quarter. Northern Trust Corp owned about 1.83% of CNO Financial Group worth $70,093,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CNO. Barclays PLC boosted its stake in shares of 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 buying an additional 116,617 shares during the period. Tidal Investments LLC boosted its stake in shares of CNO Financial Group by 11.3% in the third quarter. Tidal Investments LLC now owns 11,246 shares of the financial services provider's stock valued at $395,000 after buying an additional 1,145 shares during the period. Principal Financial Group Inc. boosted its stake in shares of CNO Financial Group by 6.0% in the third quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider's stock valued at $66,676,000 after buying an additional 107,589 shares during the period. GAMMA Investing LLC boosted its stake in shares of CNO Financial Group by 15.3% in the fourth quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider's stock valued at $85,000 after buying an additional 304 shares during the period. Finally, Uncommon Cents Investing LLC boosted its stake in shares of CNO Financial Group by 3.1% in the fourth quarter. Uncommon Cents Investing LLC now owns 21,235 shares of the financial services provider's stock valued at $790,000 after buying an additional 640 shares during the period. Institutional investors and hedge funds own 95.43% of the company's stock.

Analysts Set New Price Targets

CNO has been the subject of several recent research reports. BMO Capital Markets initiated coverage on CNO Financial Group in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 price target for the company. 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 research note on Wednesday, April 2nd. 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 note on Wednesday, February 12th. Finally, Royal Bank of Canada upped their target price on CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. One research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $41.00.

Insider Activity

In related news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $41.49, for a total value of $1,692,792.00. Following the completion of the sale, the general counsel now directly owns 244,943 shares in the company, valued at $10,162,685.07. This represents a 14.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $141,725.61. Following the completion of the sale, the insider now owns 56,599 shares of the company's stock, valued at $2,364,140.23. The trade was a 5.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 159,512 shares of company stock worth $6,497,710. Insiders own 3.00% of the company's stock.

CNO Financial Group Price Performance

NYSE CNO traded up $0.03 on Friday, hitting $37.72. 738,298 shares of the company's stock were exchanged, compared to its average volume of 711,766. The stock has a 50-day moving average of $39.18 and a 200-day moving average of $38.88. 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, Inc. has a 52 week low of $26.36 and a 52 week high of $43.20. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 10.09 and a beta of 0.90.

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

CNO Financial Group Increases Dividend

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

CNO Financial Group Company 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.