Counterpoint Mutual Funds LLC Has $1.08 Million Stake in CNO Financial Group, Inc. (NYSE:CNO)

Counterpoint Mutual Funds LLC cut its holdings in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 20.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,145 shares of the financial services provider's stock after selling 7,662 shares during the period. Counterpoint Mutual Funds LLC's holdings in CNO Financial Group were worth $1,084,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its holdings in CNO Financial Group by 15.3% during the fourth quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider's stock worth $85,000 after acquiring an additional 304 shares in the last quarter. Principal Securities Inc. increased its position in shares of CNO Financial Group by 51.6% during the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock worth $36,000 after purchasing an additional 325 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of CNO Financial Group by 1.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,647 shares of the financial services provider's stock worth $795,000 after purchasing an additional 376 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of CNO Financial Group by 5.3% in the 4th quarter. HighTower Advisors LLC now owns 7,873 shares of the financial services provider's stock valued at $293,000 after buying an additional 394 shares during the last quarter. Finally, Corient Private Wealth LLC grew its stake 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 valued at $582,000 after buying an additional 400 shares in the last quarter. Institutional investors own 95.43% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CNO. BMO Capital Markets initiated 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 price objective on the stock. Piper Sandler restated an "overweight" rating and set a $46.00 price objective (up from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. Royal Bank of Canada upped their target price on CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods lifted 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. Finally, Jefferies Financial Group boosted their price target on CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $40.50.

CNO Financial Group Price Performance

Shares of NYSE CNO traded down $0.16 during midday trading on Friday, reaching $41.07. The company's stock had a trading volume of 3,744,332 shares, compared to its average volume of 656,882. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. The company has a market cap of $4.12 billion, a P/E ratio of 10.98 and a beta of 1.02. The business's 50 day moving average price is $39.94 and its two-hundred day moving average price is $37.69. CNO Financial Group, Inc. has a fifty-two week low of $24.92 and a fifty-two week high of $42.41.

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 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%. On average, analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a dividend of $0.16 per share. The ex-dividend date is Monday, March 10th. This represents a $0.64 annualized dividend and a yield of 1.56%. CNO Financial Group's dividend payout ratio is 17.11%.

Insiders Place Their Bets

In other news, insider Scott L. Goldberg sold 25,500 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $40.11, for a total transaction of $1,022,805.00. Following the completion of the sale, the insider now owns 169,342 shares of the company's stock, valued at approximately $6,792,307.62. This represents a 13.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of CNO Financial Group stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $40.10, for a total transaction of $1,636,080.00. Following the completion of the transaction, the general counsel now directly owns 204,143 shares in the company, valued at $8,186,134.30. This trade represents a 16.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 132,600 shares of company stock worth $5,372,187 over the last ninety days. Corporate insiders own 3.00% of the company's stock.

CNO Financial Group 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.