Allspring Global Investments Holdings LLC Increases Holdings in CNO Financial Group, Inc. $CNO

Allspring Global Investments Holdings LLC grew its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 72.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,333,698 shares of the financial services provider’s stock after acquiring an additional 561,327 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in CNO Financial Group were worth $51,641,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CNO. GAMMA Investing LLC raised its position in shares of CNO Financial Group by 25.0% during the 1st quarter. GAMMA Investing LLC now owns 2,861 shares of the financial services provider’s stock valued at $119,000 after buying an additional 572 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of CNO Financial Group during the 1st quarter valued at about $806,000. Wealth Enhancement Advisory Services LLC raised its position in shares of CNO Financial Group by 5.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,701 shares of the financial services provider’s stock valued at $571,000 after buying an additional 744 shares in the last quarter. Trust Point Inc. raised its position in shares of CNO Financial Group by 14.2% during the 1st quarter. Trust Point Inc. now owns 7,007 shares of the financial services provider’s stock valued at $292,000 after buying an additional 873 shares in the last quarter. Finally, QRG Capital Management Inc. raised its position in shares of CNO Financial Group by 1.6% during the 1st quarter. QRG Capital Management Inc. now owns 81,682 shares of the financial services provider’s stock valued at $3,402,000 after buying an additional 1,291 shares in the last quarter. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on CNO shares. Keefe, Bruyette & Woods upped their price target on shares of CNO Financial Group from $44.00 to $45.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. Wall Street Zen downgraded shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of CNO Financial Group in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.60.

CNO Financial Group Price Performance

Shares of CNO stock opened at $40.04 on Wednesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.17 and a quick ratio of 0.17. The company has a market capitalization of $3.88 billion, a P/E ratio of 14.78 and a beta of 0.90. The company’s 50-day simple moving average is $39.05 and its two-hundred day simple moving average is $38.27. CNO Financial Group, Inc. has a one year low of $34.10 and a one year high of $43.20.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Friday, May 19th. The financial services provider reported $0.84 EPS for the quarter. The business had revenue of $968.30 million for the quarter. CNO Financial Group had a net margin of 6.41% and a return on equity of 16.63%. As a group, equities analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, September 10th. CNO Financial Group’s dividend payout ratio is presently 25.09%.

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.