CNO Financial Group, Inc. (NYSE:CNO) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. reduced its position in shares of CNO Financial Group, Inc. (NYSE:CNOFree Report) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,322,617 shares of the financial services provider’s stock after selling 172,876 shares during the period. Franklin Resources Inc. owned 3.85% of CNO Financial Group worth $120,601,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CNO. Allspring Global Investments Holdings LLC raised its holdings in CNO Financial Group by 7.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 22,032 shares of the financial services provider’s stock valued at $523,000 after acquiring an additional 1,554 shares during the last quarter. Victory Capital Management Inc. lifted its position in CNO Financial Group by 29.5% during the third quarter. Victory Capital Management Inc. now owns 85,760 shares of the financial services provider’s stock worth $2,035,000 after buying an additional 19,534 shares during the period. Assenagon Asset Management S.A. boosted its stake in CNO Financial Group by 43.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 296,984 shares of the financial services provider’s stock worth $7,047,000 after buying an additional 89,758 shares during the last quarter. Ibex Wealth Advisors purchased a new stake in CNO Financial Group in the 3rd quarter valued at about $466,000. Finally, New York State Common Retirement Fund increased its stake in shares of CNO Financial Group by 7.0% during the 3rd quarter. New York State Common Retirement Fund now owns 63,509 shares of the financial services provider’s stock valued at $1,507,000 after acquiring an additional 4,158 shares during the last quarter. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

CNO Financial Group Stock Down 0.1 %

Shares of NYSE CNO opened at $28.47 on Thursday. The stock has a fifty day moving average price of $27.01 and a 200 day moving average price of $26.85. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.41. CNO Financial Group, Inc. has a 12-month low of $21.52 and a 12-month high of $29.09. The company has a market cap of $3.08 billion, a P/E ratio of 8.31 and a beta of 1.03.

CNO Financial Group (NYSE:CNOGet Free Report) last issued its earnings results on Monday, April 29th. The financial services provider reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.12). The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $935.76 million. CNO Financial Group had a return on equity of 16.77% and a net margin of 9.07%. CNO Financial Group’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 EPS. Research analysts anticipate that CNO Financial Group, Inc. will post 3.08 EPS for the current fiscal year.

CNO Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.16 per share. The ex-dividend date is Monday, June 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.25%. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.15. CNO Financial Group’s dividend payout ratio (DPR) is currently 17.49%.

Insider Activity

In related news, CFO Paul H. Mcdonough sold 10,828 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $26.36, for a total value of $285,426.08. Following the transaction, the chief financial officer now owns 192,134 shares in the company, valued at $5,064,652.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Karen Detoro sold 1,282 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $27.00, for a total value of $34,614.00. Following the sale, the insider now owns 79,057 shares in the company, valued at approximately $2,134,539. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Paul H. Mcdonough sold 10,828 shares of CNO Financial Group stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $26.36, for a total value of $285,426.08. Following the completion of the transaction, the chief financial officer now owns 192,134 shares of the company’s stock, valued at $5,064,652.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 171,088 shares of company stock worth $4,643,697. 3.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Piper Sandler upgraded shares of CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 target price for the company in a report on Tuesday, April 16th. StockNews.com lowered CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Royal Bank of Canada boosted their price target on CNO Financial Group from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Finally, Evercore ISI raised their price objective on CNO Financial Group from $26.00 to $27.00 and gave the stock an “underperform” rating in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $27.50.

Read Our Latest Stock Report on CNO Financial Group

CNO Financial Group Profile

(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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Institutional Ownership by Quarter for CNO Financial Group (NYSE:CNO)

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