Federated Hermes Inc. Buys 7,864 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Federated Hermes Inc. increased its stake in CNO Financial Group, Inc. (NYSE:CNO) by 1.7% during the fourth quarter, HoldingsChannel reports. The firm owned 461,621 shares of the financial services provider’s stock after acquiring an additional 7,864 shares during the period. Federated Hermes Inc.’s holdings in CNO Financial Group were worth $12,879,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of CNO. Ronald Blue Trust Inc. raised its holdings in shares of CNO Financial Group by 95.8% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,915 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 937 shares during the period. Daiwa Securities Group Inc. bought a new stake in shares of CNO Financial Group in the 4th quarter worth approximately $50,000. Assetmark Inc. raised its holdings in shares of CNO Financial Group by 18.0% in the 3rd quarter. Assetmark Inc. now owns 4,166 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 634 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its stake in CNO Financial Group by 23.2% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,438 shares of the financial services provider’s stock valued at $105,000 after buying an additional 835 shares in the last quarter. Finally, Denali Advisors LLC grew its stake in CNO Financial Group by 517.6% in the 3rd quarter. Denali Advisors LLC now owns 10,500 shares of the financial services provider’s stock valued at $249,000 after buying an additional 8,800 shares in the last quarter. Institutional investors own 95.43% of the company’s stock.

Insider Buying and Selling

In related news, CFO Paul H. Mcdonough sold 10,828 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $26.36, for a total value of $285,426.08. Following the completion of the transaction, the chief financial officer now directly owns 192,134 shares in the company, valued at $5,064,652.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CNO Financial Group news, EVP Matthew J. Zimpfer sold 3,220 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $26.76, for a total value of $86,167.20. Following the completion of the sale, the executive vice president now directly owns 278,997 shares of the company’s stock, valued at $7,465,959.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul H. Mcdonough sold 10,828 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $26.36, for a total transaction of $285,426.08. Following the completion of the sale, the chief financial officer now directly owns 192,134 shares of the company’s stock, valued at $5,064,652.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 152,590 shares of company stock worth $4,116,255. Corporate insiders own 3.21% of the company’s stock.

Wall Street Analysts Forecast Growth

CNO has been the subject of a number of recent research reports. Piper Sandler upgraded shares of CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 price objective for the company in a research note on Tuesday, April 16th. Royal Bank of Canada lifted their price objective on shares of CNO Financial Group from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. StockNews.com lowered shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Finally, Evercore ISI lifted their price objective on shares of CNO Financial Group from $26.00 to $27.00 and gave the company an “underperform” rating in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $27.50.

CNO Financial Group Stock Up 0.7 %

CNO opened at $26.62 on Wednesday. The company has a fifty day moving average price of $26.64 and a 200-day moving average price of $26.25. The firm has a market capitalization of $2.90 billion, a P/E ratio of 11.05 and a beta of 1.03. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. CNO Financial Group, Inc. has a one year low of $19.95 and a one year high of $28.39.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.33. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $934.05 million. CNO Financial Group had a net margin of 6.67% and a return on equity of 17.51%. Equities research analysts expect that CNO Financial Group, Inc. will post 3.14 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.60 annualized dividend and a yield of 2.25%. CNO Financial Group’s dividend payout ratio (DPR) is presently 24.90%.

CNO Financial Group Company 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.