Allianz Asset Management GmbH Acquires 10,846 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Allianz Asset Management GmbH increased its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 848,407 shares of the financial services provider’s stock after purchasing an additional 10,846 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.82% of CNO Financial Group worth $31,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CNO. FMR LLC lifted its holdings 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 worth $36,526,000 after buying an additional 232,631 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in CNO Financial Group by 37.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 671,636 shares of the financial services provider’s stock worth $24,945,000 after buying an additional 181,711 shares during the period. Barclays PLC lifted its holdings in CNO Financial Group by 113.7% in the third 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 period. Principal Financial Group Inc. lifted its holdings in CNO Financial Group by 6.0% in 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 buying an additional 107,589 shares during the period. Finally, Citigroup Inc. lifted its holdings in CNO Financial Group by 78.0% in the third quarter. Citigroup Inc. now owns 129,925 shares of the financial services provider’s stock worth $4,560,000 after buying an additional 56,932 shares during the period. 95.43% of the stock is owned by institutional investors.

CNO Financial Group Price Performance

Shares of NYSE CNO opened at $39.81 on Monday. CNO Financial Group, Inc. has a twelve month low of $24.92 and a twelve month high of $42.02. The firm has a market cap of $4.11 billion, a P/E ratio of 10.64 and a beta of 1.04. The company has a 50 day moving average of $38.72 and a 200 day moving average of $36.77. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, topping 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%. As a group, research analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The company 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 of this dividend is Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.61%. CNO Financial Group’s payout ratio is currently 17.11%.

Insider Buying and Selling

In other CNO Financial Group news, General Counsel Matthew J. Zimpfer sold 40,800 shares of CNO Financial Group stock in a transaction that occurred 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 sale, the general counsel now 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Rocco F. Tarasi III sold 4,500 shares of CNO Financial Group stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $37.51, for a total transaction of $168,795.00. Following the completion of the sale, the chief marketing officer now directly owns 72,896 shares of the company’s stock, valued at approximately $2,734,328.96. This trade represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 87,584 shares of company stock worth $3,554,089 in the last three months. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Jefferies Financial Group raised their price objective 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. Piper Sandler reiterated an “overweight” rating and set a $46.00 target price (up from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. Royal Bank of Canada lifted their target price 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. BMO Capital Markets initiated coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They set a “market perform” rating and a $38.00 target price for the company. Finally, Keefe, Bruyette & Woods lifted their target price 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 issued a buy rating to the company’s stock. According to data from MarketBeat, CNO Financial Group presently has an average 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.