Principal Securities Inc. Acquires 325 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Principal Securities Inc. grew its position in CNO Financial Group, Inc. (NYSE:CNO) by 51.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 955 shares of the financial services provider’s stock after purchasing an additional 325 shares during the quarter. Principal Securities Inc.’s holdings in CNO Financial Group were worth $36,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in shares of CNO Financial Group by 6.0% during the third 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. FMR LLC grew its position in CNO Financial Group by 28.8% during the 3rd quarter. FMR LLC now owns 1,040,619 shares of the financial services provider’s stock worth $36,526,000 after purchasing an additional 232,631 shares during the period. Allspring Global Investments Holdings LLC grew its position in 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 worth $24,945,000 after purchasing an additional 181,711 shares during the period. Easterly Investment Partners LLC lifted its holdings in CNO Financial Group by 3.8% in the third quarter. Easterly Investment Partners LLC now owns 609,624 shares of the financial services provider’s stock valued at $21,398,000 after acquiring an additional 22,453 shares during the period. Finally, Barclays PLC grew its position in shares of CNO Financial Group by 113.7% during the 3rd quarter. Barclays PLC now owns 219,141 shares of the financial services provider’s stock valued at $7,691,000 after acquiring an additional 116,617 shares during the period. 95.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other CNO Financial Group news, General Counsel Matthew J. Zimpfer sold 40,800 shares of CNO Financial Group stock in a transaction on Friday, February 21st. The shares were 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 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 document filed with the SEC, which is available through this link. Also, CMO Rocco F. Tarasi III sold 1,484 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $38.02, for a total transaction of $56,421.68. Following the sale, the chief marketing officer now owns 79,896 shares of the company’s stock, valued at approximately $3,037,645.92. The trade was a 1.82 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,584 shares of company stock worth $3,554,089. 3.21% of the stock is currently owned by corporate insiders.

CNO Financial Group Stock Up 1.0 %

Shares of NYSE CNO opened at $41.68 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $4.30 billion, a PE ratio of 11.14 and a beta of 1.04. The firm has a fifty day moving average of $39.11 and a 200-day moving average of $37.02. CNO Financial Group, Inc. has a 52-week low of $24.92 and a 52-week high of $42.02.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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, analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Monday, March 10th. CNO Financial Group’s payout ratio is currently 17.11%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. BMO Capital Markets began coverage on shares of CNO Financial Group in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price target on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $46.00 price target (up previously from $44.00) on shares of CNO Financial Group in a research note on Monday, February 10th. Jefferies Financial Group boosted their price objective on CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. 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 research report on Monday, February 10th. Finally, 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. 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 company’s stock. Based on data from MarketBeat, CNO Financial Group has a consensus rating of “Hold” and a consensus target price of $40.50.

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.