Mirae Asset Global Investments Co. Ltd. Has $2.08 Million Stake in CNO Financial Group, Inc. (NYSE:CNO)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,424 shares of the financial services provider’s stock after selling 1,687 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.07% of CNO Financial Group worth $2,076,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in CNO Financial Group by 10.2% during the third quarter. American Century Companies Inc. now owns 1,350,120 shares of the financial services provider’s stock worth $32,038,000 after purchasing an additional 125,047 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in CNO Financial Group by 97.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 587,569 shares of the financial services provider’s stock worth $16,393,000 after purchasing an additional 290,585 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in CNO Financial Group in the third quarter valued at $1,257,000. Massachusetts Financial Services Co. MA lifted its stake in CNO Financial Group by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,838,581 shares of the financial services provider’s stock valued at $43,630,000 after acquiring an additional 22,012 shares during the last quarter. Finally, Ibex Wealth Advisors acquired a new stake in CNO Financial Group in the third quarter valued at $466,000. Institutional investors and hedge funds own 95.43% of the company’s stock.

CNO Financial Group Stock Performance

NYSE CNO opened at $26.19 on Friday. The firm has a 50-day moving average of $26.66 and a 200-day moving average of $26.16. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a market cap of $2.85 billion, a PE ratio of 10.87 and a beta of 1.03. CNO Financial Group, Inc. has a 52-week low of $19.95 and a 52-week high of $28.39.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Tuesday, February 6th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.33. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $934.05 million. CNO Financial Group had a net margin of 6.67% and a return on equity of 17.51%. On average, sell-side analysts anticipate that CNO Financial Group, Inc. will post 3.14 EPS for the current year.

CNO Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Thursday, March 7th. CNO Financial Group’s dividend payout ratio is 24.90%.

Insider Buying and Selling

In related news, insider Karen Detoro sold 2,778 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $27.10, for a total transaction of $75,283.80. Following the transaction, the insider now directly owns 69,605 shares of the company’s stock, valued at $1,886,295.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Gary C. Bhojwani sold 18,692 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $27.52, for a total transaction of $514,403.84. Following the transaction, the chief executive officer now directly owns 314,002 shares of the company’s stock, valued at $8,641,335.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Karen Detoro sold 2,778 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $27.10, for a total transaction of $75,283.80. Following the completion of the transaction, the insider now directly owns 69,605 shares in the company, valued at $1,886,295.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,590 shares of company stock valued at $4,116,255. 3.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. Evercore ISI increased their price target 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. Royal Bank of Canada increased their price target 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 cut shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Finally, Piper Sandler upgraded shares of CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 price target for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.50.

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.