Vestcor Inc Has $921,000 Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Vestcor Inc increased its position in CNO Financial Group, Inc. (NYSE:CNO) by 50.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,764 shares of the financial services provider’s stock after purchasing an additional 8,264 shares during the quarter. Vestcor Inc’s holdings in CNO Financial Group were worth $921,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in shares of CNO Financial Group by 6.0% in the 3rd 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. FMR LLC boosted its stake in CNO Financial Group by 28.8% in the third quarter. FMR LLC now owns 1,040,619 shares of the financial services provider’s stock valued at $36,526,000 after acquiring an additional 232,631 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in CNO Financial Group by 1.3% during the 4th quarter. Allianz Asset Management GmbH now owns 848,407 shares of the financial services provider’s stock worth $31,569,000 after acquiring an additional 10,846 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of CNO Financial Group by 37.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 671,636 shares of the financial services provider’s stock valued at $24,945,000 after acquiring an additional 181,711 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of CNO Financial Group by 113.7% in the 3rd quarter. Barclays PLC now owns 219,141 shares of the financial services provider’s stock valued at $7,691,000 after purchasing an additional 116,617 shares during the period. 95.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

CNO has been the subject of a number of analyst reports. BMO Capital Markets began coverage on CNO Financial Group in a research note on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price objective for the company. Keefe, Bruyette & Woods boosted 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. Piper Sandler reiterated an “overweight” rating and issued a $46.00 price target (up from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. Royal Bank of Canada boosted their price objective on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Finally, Jefferies Financial Group increased their target price 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 investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $40.50.

Insider Activity at CNO Financial Group

In other news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $41.49, for a total value of $1,692,792.00. Following the completion of the transaction, the general counsel now owns 244,943 shares in the company, valued at $10,162,685.07. This trade represents a 14.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott L. Goldberg sold 25,500 shares of the company’s 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 sale, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 138,584 shares of company stock valued at $5,597,404. Corporate insiders own 3.00% of the company’s stock.

CNO Financial Group Trading Up 3.4 %

CNO opened at $40.10 on Friday. The stock has a market capitalization of $4.04 billion, a P/E ratio of 10.72 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 firm’s fifty day simple moving average is $39.62 and its 200 day simple moving average is $37.53.

CNO Financial Group (NYSE:CNO) last posted 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 17.20% and a net margin of 9.08%. As a group, research analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.60%. The ex-dividend date is Monday, March 10th. CNO Financial Group’s payout ratio is 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.