Congress Asset Management Co. Increases Stock Position in CNO Financial Group, Inc. (NYSE:CNO)

Congress Asset Management Co. boosted its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 5.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 157,004 shares of the financial services provider’s stock after acquiring an additional 8,689 shares during the period. Congress Asset Management Co.’s holdings in CNO Financial Group were worth $5,842,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its holdings in 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 valued at $915,000 after purchasing an additional 9,096 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of CNO Financial Group by 6.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider’s stock worth $66,676,000 after purchasing an additional 107,589 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in CNO Financial Group by 69.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 39,946 shares of the financial services provider’s stock valued at $1,402,000 after buying an additional 16,420 shares in the last quarter. Barclays PLC boosted its holdings in CNO Financial Group by 113.7% in the 3rd quarter. Barclays PLC now owns 219,141 shares of the financial services provider’s stock worth $7,691,000 after buying an additional 116,617 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in CNO Financial Group by 20.7% in the 4th quarter. Jennison Associates LLC now owns 62,707 shares of the financial services provider’s stock worth $2,333,000 after buying an additional 10,774 shares during the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Insider Buying and Selling at CNO Financial Group

In related news, CMO Rocco F. Tarasi III sold 1,484 shares of CNO Financial Group stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $38.02, for a total value of $56,421.68. Following the completion of the sale, the chief marketing officer now owns 79,896 shares in the company, valued at approximately $3,037,645.92. This trade represents a 1.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CNO shares. Piper Sandler restated an “overweight” rating and issued a $46.00 target price (up previously from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. Jefferies Financial Group lifted their target price on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. BMO Capital Markets started coverage on shares of CNO Financial Group in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 target price for the company. Royal Bank of Canada boosted their price target on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of 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 equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CNO Financial Group presently has a consensus rating of “Hold” and an average price target of $40.50.

CNO Financial Group Price Performance

Shares of CNO stock opened at $41.42 on Tuesday. The firm’s 50-day moving average is $38.49 and its two-hundred day moving average is $36.51. CNO Financial Group, Inc. has a 12 month low of $24.92 and a 12 month high of $42.02. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market capitalization of $4.27 billion, a PE ratio of 11.07 and a beta of 1.04.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.25. CNO Financial Group had a return on equity of 17.21% and a net margin of 9.08%. Analysts predict that CNO Financial Group, Inc. will post 3.79 earnings per share for the current year.

CNO Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a $0.16 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.64 annualized dividend and a yield of 1.55%. CNO Financial Group’s dividend payout ratio (DPR) is currently 17.11%.

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.