Voya Investment Management LLC Buys 31,418 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Voya Investment Management LLC increased its position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 22.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 173,154 shares of the financial services provider's stock after buying an additional 31,418 shares during the period. Voya Investment Management LLC owned 0.17% of CNO Financial Group worth $6,443,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of CNO Financial Group by 113.7% during the 3rd quarter. Barclays PLC now owns 219,141 shares of the financial services provider's stock worth $7,691,000 after acquiring an additional 116,617 shares in the last quarter. Tidal Investments LLC increased its position in 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 worth $395,000 after purchasing an additional 1,145 shares during the last quarter. DGS Capital Management LLC purchased a new stake in CNO Financial Group during the third quarter valued at $256,000. Principal Financial Group Inc. lifted its position in CNO Financial Group by 6.0% during 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 purchasing an additional 107,589 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of CNO Financial Group by 15.3% in 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 owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on CNO shares. BMO Capital Markets started coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 price target for the company. Royal Bank of Canada raised their price objective 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. Piper Sandler lifted their target price on CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods increased 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. One investment 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. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $41.00.

Insiders Place Their Bets

In other CNO Financial Group news, insider Scott L. Goldberg sold 25,500 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $40.02, for a total transaction of $1,020,510.00. Following the transaction, the insider now directly owns 169,342 shares in the company, valued at $6,777,066.84. This trade represents a 13.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Yvonne K. Franzese sold 2,097 shares of the company's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $42.56, for a total value of $89,248.32. Following the completion of the sale, the insider now owns 30,321 shares of the company's stock, valued at $1,290,461.76. This represents a 6.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 159,512 shares of company stock worth $6,497,710 in the last three months. Corporate insiders own 3.00% of the company's stock.

CNO Financial Group Trading Down 0.9 %

Shares of NYSE CNO traded down $0.34 during midday trading on Monday, hitting $37.85. The company's stock had a trading volume of 184,567 shares, compared to its average volume of 710,129. CNO Financial Group, Inc. has a 12-month low of $26.36 and a 12-month high of $43.20. 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 firm has a market cap of $3.80 billion, a P/E ratio of 10.15 and a beta of 0.90. The business's 50 day moving average is $39.54 and its two-hundred day moving average is $38.80.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its earnings results on Monday, April 28th. The financial services provider reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $975.80 million. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. The business's revenue for the quarter was down 13.2% compared to the same quarter last year. During the same period last year, the company earned $0.52 earnings per share. As a group, equities research analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current 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 $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.80%. This is a boost from CNO Financial Group's previous quarterly dividend of $0.16. CNO Financial Group's payout ratio is 22.38%.

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.