LSV Asset Management Sells 284,600 Shares of CNO Financial Group, Inc. (NYSE:CNO)

LSV Asset Management decreased its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 6.8% during the 4th quarter, Holdings Channel reports. The fund owned 3,905,369 shares of the financial services provider’s stock after selling 284,600 shares during the quarter. LSV Asset Management’s holdings in CNO Financial Group were worth $145,319,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CNO. GAMMA Investing LLC lifted its position in shares of CNO Financial Group by 15.3% in the fourth quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 304 shares in the last quarter. Principal Securities Inc. lifted its position in shares of CNO Financial Group by 51.6% in the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 325 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of CNO Financial Group by 5.3% in the fourth quarter. HighTower Advisors LLC now owns 7,873 shares of the financial services provider’s stock worth $293,000 after purchasing an additional 394 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of CNO Financial Group by 2.6% in the fourth quarter. Corient Private Wealth LLC now owns 15,634 shares of the financial services provider’s stock worth $582,000 after purchasing an additional 400 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of CNO Financial Group by 95.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 417 shares in the last quarter. Institutional investors own 95.43% of the company’s stock.

CNO Financial Group Price Performance

Shares of NYSE:CNO opened at $39.52 on Thursday. CNO Financial Group, Inc. has a 1-year low of $24.92 and a 1-year high of $43.20. 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 business has a fifty day moving average price of $40.36 and a 200-day moving average price of $38.37. The company has a market capitalization of $3.96 billion, a PE ratio of 10.57 and a beta of 0.90.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 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%. As a group, equities analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.62%. 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 other news, insider Jeremy David Williams sold 3,393 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $41.77, for a total value of $141,725.61. Following the sale, the insider now owns 56,599 shares in the company, valued at $2,364,140.23. This represents a 5.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott L. Goldberg sold 25,500 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $40.11, for a total value of $1,022,805.00. Following the transaction, the insider now owns 169,342 shares in the company, valued at $6,792,307.62. This represents a 13.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 159,512 shares of company stock worth $6,497,710 in the last quarter. 3.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CNO. BMO Capital Markets began coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They set a “market perform” rating and a $38.00 target price on the stock. Piper Sandler increased their target price on shares of CNO Financial Group from $46.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods increased their target price on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. Finally, Royal Bank of Canada upped their price objective 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, CNO Financial Group presently has an average rating of “Hold” and a consensus target price of $41.00.

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.