Covestor Ltd Has $165,000 Stock Position in CNO Financial Group, Inc. (NYSE:CNO)

11 Apr 2025, 07:27 by Jessica Moore · The Cerbat Gem

Covestor Ltd increased its stake in shares of CNO Financial Group, Inc. (NYSE:CNO – Free Report) by 20.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,443 shares of the financial services provider’s stock after purchasing an additional 758 shares during the period. Covestor Ltd’s holdings in CNO Financial Group were worth $165,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in CNO Financial Group by 11.7% during the fourth quarter. American Century Companies Inc. now owns 2,687,861 shares of the financial services provider’s stock worth $100,015,000 after buying an additional 282,611 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of CNO Financial Group by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider’s stock valued at $66,676,000 after acquiring an additional 107,589 shares during the period. JPMorgan Chase & Co. boosted its stake in CNO Financial Group by 41.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,274,370 shares of the financial services provider’s stock worth $47,419,000 after acquiring an additional 372,701 shares during the last quarter. Invesco Ltd. grew its holdings in CNO Financial Group by 21.6% during the fourth quarter. Invesco Ltd. now owns 899,226 shares of the financial services provider’s stock valued at $33,460,000 after purchasing an additional 159,603 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in CNO Financial Group by 1.3% during the fourth quarter. Allianz Asset Management GmbH now owns 848,407 shares of the financial services provider’s stock valued at $31,569,000 after purchasing an additional 10,846 shares during the period. Institutional investors own 95.43% of the company’s stock.

CNO Financial Group Stock Down 7.6 %

CNO Financial Group stock opened at $36.49 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. The company’s 50-day moving average is $40.31 and its 200-day moving average is $38.38. The firm has a market capitalization of $3.66 billion, a PE ratio of 9.76 and a beta of 0.90. CNO Financial Group, Inc. has a fifty-two week low of $24.92 and a fifty-two week high of $43.20.

CNO Financial Group (NYSE:CNO – Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.25. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. Sell-side analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Monday, March 10th. CNO Financial Group’s dividend payout ratio is currently 17.11%.

Insider Activity at CNO Financial Group

In related news, insider Jeremy David Williams sold 3,393 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $41.77, for a total transaction of $141,725.61. Following the completion of the sale, the insider now owns 56,599 shares of the company’s stock, valued at $2,364,140.23. This represents a 5.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $41.49, for a total transaction of $1,692,792.00. Following the sale, the general counsel now directly owns 244,943 shares of the company’s stock, valued at approximately $10,162,685.07. This trade represents a 14.28 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 159,512 shares of company stock worth $6,497,710. Corporate insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CNO shares. BMO Capital Markets assumed coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 target price on the stock. Piper Sandler raised their price objective on CNO Financial Group from $46.00 to $49.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 2nd. Royal Bank of Canada boosted their target price on CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Finally, Keefe, Bruyette & Woods raised their price target 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 equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $41.00.

Get Our Latest Stock Report on CNO

About CNO Financial Group

(Free Report)

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.