Allspring Global Investments Holdings LLC Sells 11,544 Shares of CNO Financial Group, Inc. $CNO

Allspring Global Investments Holdings LLC lessened its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,142,010 shares of the financial services provider’s stock after selling 11,544 shares during the period. Allspring Global Investments Holdings LLC owned about 1.22% of CNO Financial Group worth $46,914,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Richardson Financial Services Inc. bought a new position in shares of CNO Financial Group in the fourth quarter valued at approximately $37,000. EverSource Wealth Advisors LLC boosted its holdings in shares of CNO Financial Group by 123.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,176 shares of the financial services provider’s stock worth $45,000 after buying an additional 649 shares during the last quarter. Osaic Holdings Inc. grew its position in CNO Financial Group by 39.2% during the second quarter. Osaic Holdings Inc. now owns 1,194 shares of the financial services provider’s stock valued at $46,000 after buying an additional 336 shares during the period. Geneos Wealth Management Inc. raised its position in CNO Financial Group by 637.4% in the first quarter. Geneos Wealth Management Inc. now owns 1,438 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 1,243 shares during the period. Finally, First Horizon Corp boosted its stake in CNO Financial Group by 119.7% in the fourth quarter. First Horizon Corp now owns 1,795 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 978 shares during the last quarter. Institutional investors own 95.43% of the company’s stock.

Wall Street Analyst Weigh In

CNO has been the subject of several recent research reports. Jefferies Financial Group lowered CNO Financial Group from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $53.00 to $55.00 in a report on Friday, July 10th. Evercore set a $48.00 price target on CNO Financial Group and gave the stock an “in-line” rating in a report on Monday, June 1st. Keefe, Bruyette & Woods lifted their price target on CNO Financial Group from $50.00 to $53.00 and gave the company a “market perform” rating in a research report on Monday, July 13th. Wall Street Zen lowered CNO Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of CNO Financial Group in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, CNO Financial Group presently has an average rating of “Hold” and an average price target of $51.50.

CNO Financial Group Stock Up 0.1%

Shares of NYSE:CNO opened at $53.56 on Friday. The firm has a market capitalization of $5.00 billion, a PE ratio of 21.51 and a beta of 0.81. CNO Financial Group, Inc. has a 52-week low of $35.24 and a 52-week high of $54.09. The firm has a fifty day moving average of $49.69 and a 200 day moving average of $44.88. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.17 and a current ratio of 0.17.

CNO Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were given a $0.18 dividend. This is a boost from CNO Financial Group’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.72 annualized dividend and a yield of 1.3%. CNO Financial Group’s payout ratio is currently 28.92%.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, CMO Rocco F. Tarasi III sold 5,750 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $50.00, for a total transaction of $287,500.00. Following the completion of the sale, the chief marketing officer directly owned 79,191 shares in the company, valued at approximately $3,959,550. The trade was a 6.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gary C. Bhojwani sold 86,048 shares of CNO Financial Group stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $51.48, for a total value of $4,429,751.04. Following the completion of the sale, the chief executive officer directly owned 174,264 shares of the company’s stock, valued at $8,971,110.72. The trade was a 33.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 95,106 shares of company stock worth $4,879,343 over the last ninety days. 3.44% of the stock is currently owned by insiders.

CNO Financial Group Profile

CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.