CNO Financial Group, Inc. (NYSE:CNO) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 420,723 shares of the financial services provider’s stock after selling 1,949 shares during the period. Rhumbline Advisers’ holdings in CNO Financial Group were worth $15,655,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sound Income Strategies LLC acquired a new stake in CNO Financial Group during the fourth quarter worth about $54,000. CWM LLC grew its stake in shares of CNO Financial Group by 53.0% in the 3rd quarter. CWM LLC now owns 1,750 shares of the financial services provider’s stock valued at $61,000 after buying an additional 606 shares during the period. GAMMA Investing LLC increased its holdings in shares of CNO Financial Group by 15.3% during the 4th quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider’s stock worth $85,000 after buying an additional 304 shares during the last quarter. KBC Group NV raised its position in shares of CNO Financial Group by 26.7% during the 3rd quarter. KBC Group NV now owns 3,349 shares of the financial services provider’s stock valued at $118,000 after buying an additional 706 shares during the period. Finally, Connable Office Inc. acquired a new position in CNO Financial Group in the third quarter valued at approximately $207,000. Institutional investors and hedge funds own 95.43% of the company’s stock.

Insider Buying and Selling at CNO Financial Group

In other CNO Financial Group news, CMO Rocco F. Tarasi III sold 1,484 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $38.02, for a total value of $56,421.68. Following the sale, the chief marketing officer now owns 79,896 shares of the company’s stock, valued at $3,037,645.92. This trade represents a 1.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of CNO Financial Group stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $40.10, for a total value of $1,636,080.00. Following the completion of the transaction, the general counsel now owns 204,143 shares of the company’s stock, valued at $8,186,134.30. The trade was a 16.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,584 shares of company stock valued at $3,554,089 in the last 90 days. Company insiders own 3.00% of the company’s stock.

CNO Financial Group Price Performance

CNO stock opened at $39.81 on Friday. The business’s fifty day moving average price is $38.72 and its 200 day moving average price is $36.69. CNO Financial Group, Inc. has a 12-month low of $24.92 and a 12-month high of $42.02. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $4.11 billion, a PE ratio of 10.64 and a beta of 1.04.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. On average, sell-side 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 announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.61%. CNO Financial Group’s dividend payout ratio (DPR) is presently 17.11%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods raised their target price on CNO Financial Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 12th. Piper Sandler reiterated an “overweight” rating and set a $46.00 price target (up from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. Jefferies Financial Group boosted their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. BMO Capital Markets started coverage on shares of CNO Financial Group in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 target price on the stock. Finally, Royal Bank of Canada lifted their price target on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. 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 stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $40.50.

CNO Financial Group Company 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.