American Century Companies Inc. Grows Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

American Century Companies Inc. grew its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 11.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,687,861 shares of the financial services provider’s stock after buying an additional 282,611 shares during the period. American Century Companies Inc.’s holdings in CNO Financial Group were worth $100,015,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CNO. Pacer Advisors Inc. lifted its position in CNO Financial Group by 58.7% in the fourth quarter. Pacer Advisors Inc. now owns 24,580 shares of the financial services provider’s stock worth $915,000 after buying an additional 9,096 shares during the last quarter. Principal Securities Inc. raised its stake in shares of CNO Financial Group by 51.6% in the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 325 shares during the period. Blue Trust Inc. lifted its holdings in shares of CNO Financial Group by 7.4% in the 4th quarter. Blue Trust Inc. now owns 6,737 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 464 shares during the last quarter. KBC Group NV grew its holdings in CNO Financial Group by 49.0% during the 4th quarter. KBC Group NV now owns 4,990 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 1,641 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in CNO Financial Group during the 4th quarter valued at about $903,000. 95.43% of the stock is currently owned by institutional investors.

CNO Financial Group Price Performance

CNO opened at $42.23 on Tuesday. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 11.29 and a beta of 1.02. 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 12-month low of $24.92 and a 12-month high of $42.41. The business’s fifty day simple moving average is $40.15 and its 200-day simple moving average is $37.83.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. On average, equities research analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 1.52%. The ex-dividend date was Monday, March 10th. CNO Financial Group’s payout ratio is 17.11%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CNO shares. Piper Sandler reissued an “overweight” rating and issued a $46.00 price objective (up previously from $44.00) on shares of CNO Financial Group in a research note on Monday, February 10th. 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. Royal Bank of Canada upped their price objective on CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods lifted 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, Jefferies Financial Group upped their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $40.50.

Insider Buying and Selling

In other CNO Financial Group news, insider Scott L. Goldberg sold 25,500 shares of CNO Financial Group stock in a transaction dated Tuesday, March 4th. The stock was 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 in the company, valued at $6,792,307.62. The trade was a 13.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the stock in a transaction dated 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 sale, the general counsel now directly owns 204,143 shares of the company’s stock, valued at approximately $8,186,134.30. The trade was a 16.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 132,600 shares of company stock valued at $5,372,187 over the last 90 days. Corporate insiders own 3.00% 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.