CNO Financial Group, Inc. (NYSE:CNO) Shares Bought by Invesco Ltd.

Invesco Ltd. grew its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 21.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 899,226 shares of the financial services provider’s stock after acquiring an additional 159,603 shares during the quarter. Invesco Ltd.’s holdings in CNO Financial Group were worth $33,460,000 as of its most recent filing with the SEC.

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

CNO Financial Group Stock Performance

NYSE CNO opened at $38.29 on Friday. The business has a 50 day moving average price of $40.06 and a 200 day moving average price of $38.47. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. The company has a market capitalization of $3.84 billion, a P/E ratio of 10.24 and a beta of 0.90. CNO Financial Group, Inc. has a 1-year low of $25.28 and a 1-year high of $43.20.

CNO Financial Group (NYSE:CNO) last released its quarterly 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 return on equity of 17.20% and a net margin of 9.08%. Sell-side analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a $0.16 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.67%. CNO Financial Group’s dividend payout ratio is presently 17.11%.

Wall Street Analysts Forecast Growth

CNO has been the subject of a number of analyst reports. BMO Capital Markets assumed coverage on CNO Financial Group in a research note on Thursday, January 23rd. They set a “market perform” rating and a $38.00 target price for the company. Royal Bank of Canada upped their price objective on CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Keefe, Bruyette & Woods raised their target price 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. Finally, Piper Sandler boosted their target price on shares of CNO Financial Group from $46.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $41.00.

Insider Buying and Selling

In other news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $40.10, for a total value of $1,636,080.00. Following the completion of the transaction, the general counsel now directly owns 204,143 shares of the company’s stock, valued at $8,186,134.30. The trade was a 16.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jeremy David Williams sold 11,300 shares of the company’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $41.51, for a total value of $469,063.00. Following the completion of the sale, the insider now owns 65,299 shares in the company, valued at $2,710,561.49. This represents a 14.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 159,512 shares of company stock worth $6,497,710 in the last ninety days. 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.