Brandywine Global Investment Management LLC Sells 9,710 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Brandywine Global Investment Management LLC lowered its holdings in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 228,839 shares of the financial services provider's stock after selling 9,710 shares during the quarter. Brandywine Global Investment Management LLC owned 0.22% of CNO Financial Group worth $8,515,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of CNO Financial Group in the 4th quarter worth approximately $13,975,000. JPMorgan Chase & Co. lifted its holdings in shares of CNO Financial Group by 41.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,274,370 shares of the financial services provider's stock valued at $47,419,000 after acquiring an additional 372,701 shares during the period. American Century Companies Inc. boosted its stake in shares of CNO Financial Group by 11.7% in the 4th quarter. American Century Companies Inc. now owns 2,687,861 shares of the financial services provider's stock valued at $100,015,000 after purchasing an additional 282,611 shares in the last quarter. FMR LLC boosted its stake in shares of CNO Financial Group by 28.8% in the 3rd quarter. FMR LLC now owns 1,040,619 shares of the financial services provider's stock valued at $36,526,000 after purchasing an additional 232,631 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of CNO Financial Group by 37.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 671,636 shares of the financial services provider's stock worth $24,945,000 after purchasing an additional 181,711 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

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Insider Buying and Selling

In related news, insider Yvonne K. Franzese sold 2,013 shares of the business's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $42.18, for a total transaction of $84,908.34. Following the completion of the transaction, the insider now owns 26,994 shares in the company, valued at approximately $1,138,606.92. The trade was a 6.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeremy David Williams sold 3,393 shares of the firm's stock in a transaction on 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 directly owns 56,599 shares in the company, valued at $2,364,140.23. The trade was a 5.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 159,512 shares of company stock valued at $6,497,710 over the last three months. Company insiders own 3.00% of the company's stock.

CNO Financial Group Trading Down 6.9 %

CNO stock traded down $2.73 during midday trading on Friday, reaching $36.83. The stock had a trading volume of 1,226,053 shares, compared to its average volume of 710,541. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 9.85 and a beta of 0.90. CNO Financial Group, Inc. has a twelve month low of $24.92 and a twelve month high of $43.20. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61. The business has a fifty day simple moving average of $40.61 and a two-hundred day simple moving average of $38.31.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share 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%. As a group, research analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.74%. CNO Financial Group's dividend payout ratio (DPR) is presently 17.11%.

Analyst Ratings Changes

CNO has been the subject of several analyst reports. 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 price target for the company. Piper Sandler boosted their target price on CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a report on Wednesday. Jefferies Financial Group raised their price target on CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods lifted their price objective on CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada increased their target price on CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a 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 given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target 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.