Cornercap Investment Counsel Inc. Sells 25,455 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Cornercap Investment Counsel Inc. lessened its position in CNO Financial Group, Inc. (NYSE:CNO) by 56.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 19,389 shares of the financial services provider’s stock after selling 25,455 shares during the period. Cornercap Investment Counsel Inc.’s holdings in CNO Financial Group were worth $681,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CNO. SG Americas Securities LLC lifted its stake in shares of CNO Financial Group by 65.8% in the first quarter. SG Americas Securities LLC now owns 13,645 shares of the financial services provider’s stock worth $375,000 after buying an additional 5,415 shares in the last quarter. Sei Investments Co. lifted its position in CNO Financial Group by 11.8% during the first quarter. Sei Investments Co. now owns 119,364 shares of the financial services provider’s stock valued at $3,280,000 after purchasing an additional 12,556 shares during the period. ProShare Advisors LLC lifted its position in CNO Financial Group by 4.2% during the first quarter. ProShare Advisors LLC now owns 25,476 shares of the financial services provider’s stock valued at $700,000 after purchasing an additional 1,024 shares during the period. State Board of Administration of Florida Retirement System lifted its position in CNO Financial Group by 30.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 105,374 shares of the financial services provider’s stock valued at $2,896,000 after purchasing an additional 24,844 shares during the period. Finally, Blair William & Co. IL lifted its position in CNO Financial Group by 2.1% during the first quarter. Blair William & Co. IL now owns 19,189 shares of the financial services provider’s stock valued at $527,000 after purchasing an additional 399 shares during the period. Institutional investors own 95.43% of the company’s stock.

Insider Transactions at CNO Financial Group

In other CNO Financial Group news, insider Jeremy David Williams sold 4,783 shares of CNO Financial Group stock in a transaction on Monday, November 11th. The shares were sold at an average price of $40.09, for a total value of $191,750.47. Following the completion of the transaction, the insider now directly owns 62,121 shares of the company’s stock, valued at $2,490,430.89. This trade represents a 7.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeanne L. Linnenbringer sold 5,435 shares of CNO Financial Group stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $34.26, for a total transaction of $186,203.10. Following the completion of the transaction, the insider now directly owns 37,663 shares of the company’s stock, valued at $1,290,334.38. The trade was a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,582 shares of company stock valued at $565,050 over the last three months. Corporate insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on CNO shares. Piper Sandler increased their price objective on shares of CNO Financial Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Evercore ISI increased their price objective on shares of CNO Financial Group from $27.00 to $29.00 and gave the company an “underperform” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada increased their price target on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $34.50.

CNO Financial Group Stock Down 0.2 %

CNO opened at $38.96 on Friday. The firm’s 50 day simple moving average is $35.40 and its two-hundred day simple moving average is $31.73. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $4.02 billion, a PE ratio of 15.71 and a beta of 1.01. CNO Financial Group, Inc. has a 1-year low of $24.92 and a 1-year high of $40.29.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.29. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $945.44 million. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.88 earnings per share. As a group, equities analysts forecast that CNO Financial Group, Inc. will post 3.63 EPS for the current year.

CNO Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th will be paid a $0.16 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.64%. CNO Financial Group’s dividend payout ratio (DPR) is presently 25.81%.

About CNO Financial Group

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.