Pinebridge Investments L.P. Has $2.02 Million Position in CNO Financial Group, Inc. (NYSE:CNO)

Pinebridge Investments L.P. grew its position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 42.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,267 shares of the financial services provider's stock after acquiring an additional 16,233 shares during the period. Pinebridge Investments L.P. owned 0.05% of CNO Financial Group worth $2,019,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. State of Tennessee Department of Treasury lifted its position in CNO Financial Group by 19.9% during the 4th quarter. State of Tennessee Department of Treasury now owns 56,337 shares of the financial services provider's stock worth $2,096,000 after buying an additional 9,362 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of CNO Financial Group by 6.8% during the fourth quarter. MetLife Investment Management LLC now owns 119,974 shares of the financial services provider's stock worth $4,464,000 after purchasing an additional 7,635 shares in the last quarter. First Trust Advisors LP lifted its position in shares of CNO Financial Group by 34.9% during the fourth quarter. First Trust Advisors LP now owns 155,006 shares of the financial services provider's stock worth $5,768,000 after purchasing an additional 40,122 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of CNO Financial Group by 10.0% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 107,921 shares of the financial services provider's stock valued at $4,015,000 after purchasing an additional 9,772 shares in the last quarter. Finally, Keeley Teton Advisors LLC acquired a new stake in shares of CNO Financial Group in the fourth quarter valued at approximately $1,586,000. 95.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNO has been the topic of several research reports. Piper Sandler upped their price objective on CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods raised their price target on CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a report on Wednesday, February 12th. BMO Capital Markets started coverage on CNO Financial Group in a report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 price objective for the company. Finally, Royal Bank of Canada raised their target price on shares of 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 investment 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, CNO Financial Group presently has an average rating of "Hold" and an average target price of $41.00.

CNO Financial Group Trading Down 2.3 %

NYSE:CNO traded down $0.87 during mid-day trading on Thursday, hitting $37.07. The company had a trading volume of 1,145,236 shares, compared to its average volume of 711,975. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. CNO Financial Group, Inc. has a fifty-two week low of $26.29 and a fifty-two week high of $43.20. The firm has a market cap of $3.72 billion, a P/E ratio of 9.91 and a beta of 0.90. The business's fifty day moving average is $39.64 and its two-hundred day moving average is $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 earnings per share for the quarter, meeting analysts' consensus estimates of $0.79. The business had revenue of $1 billion for the quarter, compared to the consensus estimate 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 for the quarter was down 13.2% on a year-over-year basis. During the same period last year, the company posted $0.52 EPS. As a group, research analysts expect that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Monday, March 10th. CNO Financial Group's dividend payout ratio (DPR) is 22.38%.

Insider Activity at CNO Financial Group

In related news, insider Jeremy David Williams sold 3,393 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $41.77, for a total transaction of $141,725.61. Following the completion of the sale, the insider now directly owns 56,599 shares of the company's stock, valued at approximately $2,364,140.23. This represents a 5.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of CNO Financial Group stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $40.10, for a total transaction of $1,636,080.00. Following the completion of the transaction, the general counsel now directly owns 204,143 shares in the company, valued at approximately $8,186,134.30. The trade was a 16.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 159,512 shares of company stock worth $6,497,710 in the last quarter. Corporate 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.