Arrowstreet Capital Limited Partnership Sells 213,539 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Arrowstreet Capital Limited Partnership cut its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 67.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,726 shares of the financial services provider's stock after selling 213,539 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.10% of CNO Financial Group worth $3,897,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Verition Fund Management LLC lifted its position in CNO Financial Group by 31.3% during the third quarter. Verition Fund Management LLC now owns 16,435 shares of the financial services provider's stock worth $577,000 after acquiring an additional 3,914 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of CNO Financial Group during the third quarter worth approximately $418,000. Barclays PLC lifted its holdings in CNO Financial Group by 113.7% during the 3rd quarter. Barclays PLC now owns 219,141 shares of the financial services provider's stock worth $7,691,000 after purchasing an additional 116,617 shares during the last quarter. Vestcor Inc bought a new stake in CNO Financial Group in the 3rd quarter valued at $579,000. Finally, Tidal Investments LLC boosted its stake in CNO Financial Group by 11.3% in the 3rd quarter. Tidal Investments LLC now owns 11,246 shares of the financial services provider's stock valued at $395,000 after purchasing an additional 1,145 shares during the period. 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, insider Jeremy David Williams sold 3,393 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $41.77, for a total transaction of $141,725.61. Following the sale, the insider now directly owns 56,599 shares of the company's stock, valued at $2,364,140.23. The trade was a 5.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Yvonne K. Franzese sold 2,097 shares of the firm's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $42.56, for a total transaction of $89,248.32. Following the transaction, the insider now directly owns 30,321 shares of the company's stock, valued at $1,290,461.76. The trade was a 6.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,512 shares of company stock worth $6,497,710 over the last 90 days. Insiders own 3.00% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have recently weighed in on CNO. Keefe, Bruyette & Woods lifted their target price on CNO Financial Group from $42.00 to $44.00 and gave the stock a "market perform" rating in a report on Wednesday, February 12th. BMO Capital Markets began coverage on shares of CNO Financial Group in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 price objective for the company. 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 research report on Wednesday, April 2nd. 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, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $41.00.

CNO Financial Group Price Performance

CNO stock traded up $1.12 during mid-day trading on Monday, hitting $37.91. The stock had a trading volume of 26,388 shares, compared to its average volume of 713,679. The firm has a fifty day simple moving average of $40.25 and a 200 day simple moving average of $38.43. The firm has a market capitalization of $3.80 billion, a P/E ratio of 10.07 and a beta of 0.90. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61. CNO Financial Group, Inc. has a 52 week low of $25.08 and a 52 week high of $43.20.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts forecast 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 was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Monday, March 10th. CNO Financial Group's dividend payout ratio is presently 17.11%.

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.