Corebridge Financial Inc. Has $6.27 Million Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Corebridge Financial Inc. cut its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,431 shares of the financial services provider’s stock after selling 12,171 shares during the period. Corebridge Financial Inc. owned about 0.16% of CNO Financial Group worth $6,267,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its holdings in shares of CNO Financial Group by 368.2% during the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 626 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in CNO Financial Group by 95.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider’s stock worth $32,000 after buying an additional 417 shares in the last quarter. Principal Securities Inc. lifted 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 in the last quarter. Sound Income Strategies LLC bought a new stake in CNO Financial Group during the 4th quarter worth about $54,000. Finally, GAMMA Investing LLC increased its position in CNO Financial Group by 15.3% in the 4th quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 304 shares in the last quarter. 95.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CNO Financial Group

In other news, insider Scott L. Goldberg sold 25,500 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $40.02, for a total value of $1,020,510.00. Following the completion of the transaction, the insider now owns 169,342 shares of the company’s stock, valued at $6,777,066.84. The trade was a 13.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the firm’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 sale, the general counsel now directly owns 204,143 shares in the company, valued at $8,186,134.30. The trade was a 16.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 144,819 shares of company stock worth $5,886,922 in the last ninety days. Company insiders own 3.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CNO. Royal Bank of Canada upped their target price 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. Jefferies Financial Group upped their price objective on CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods lifted their target price on CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a research note on Wednesday, February 12th. BMO Capital Markets initiated coverage on CNO Financial Group in a research note on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price target on the stock. Finally, Piper Sandler reiterated an “overweight” rating and issued a $46.00 price target (up previously from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $40.50.

CNO Financial Group Price Performance

CNO opened at $41.46 on Friday. The company has a fifty day moving average price of $40.45 and a two-hundred day moving average price of $38.06. The firm has a market capitalization of $4.16 billion, a PE ratio of 11.09 and a beta of 1.02. CNO Financial Group, Inc. has a 52 week low of $24.92 and a 52 week high of $43.20. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, topping analysts’ consensus estimates 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, analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a $0.16 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.54%. CNO Financial Group’s dividend payout ratio (DPR) is presently 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.