CNO Financial Group, Inc. (NYSE:CNO) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,188,133 shares of the financial services provider's stock after selling 10,053 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.15% of CNO Financial Group worth $44,210,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp increased its stake in shares of CNO Financial Group by 368.2% in the 4th quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock worth $30,000 after acquiring an additional 626 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of CNO Financial Group by 95.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock worth $32,000 after acquiring an additional 417 shares during the last quarter. Principal Securities Inc. increased its stake in shares of CNO Financial Group by 51.6% in the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock worth $36,000 after acquiring an additional 325 shares during the last quarter. Sound Income Strategies LLC purchased a new position in shares of CNO Financial Group during the 4th quarter worth $54,000. Finally, GAMMA Investing LLC grew 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 purchasing an additional 304 shares during the period. 95.43% of the stock is owned by institutional investors and hedge funds.

Remove Ads

CNO Financial Group Trading Down 1.6 %

CNO Financial Group stock traded down $0.65 during midday trading on Tuesday, reaching $40.73. 916,202 shares of the stock traded hands, compared to its average volume of 645,669. The company has a 50-day simple moving average of $39.70 and a two-hundred day simple moving average of $37.60. CNO Financial Group, Inc. has a 12-month low of $24.92 and a 12-month high of $42.41. The firm has a market cap of $4.11 billion, a PE ratio of 10.89 and a beta of 1.02. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.25. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. Research analysts expect that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Monday, March 10th. CNO Financial Group's payout ratio is presently 17.11%.

Insider Activity

In other news, CMO Rocco F. Tarasi III sold 4,500 shares of CNO Financial Group stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $37.51, for a total value of $168,795.00. Following the completion of the transaction, the chief marketing officer now owns 72,896 shares in the company, valued at approximately $2,734,328.96. This trade represents a 5.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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. In the last quarter, insiders sold 137,100 shares of company stock worth $5,540,982. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CNO shares. Jefferies Financial Group increased their price target on CNO Financial Group from $36.00 to $41.00 and gave the stock a "hold" rating in a report on Tuesday, December 10th. Royal Bank of Canada increased their price target on CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. 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. BMO Capital Markets started coverage on 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. Finally, Keefe, Bruyette & Woods increased their price target 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.