Dimensional Fund Advisors LP Has $135.89 Million Stake in CNO Financial Group, Inc. (NYSE:CNO)

Dimensional Fund Advisors LP decreased its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,651,861 shares of the financial services provider's stock after selling 42,652 shares during the period. Dimensional Fund Advisors LP owned approximately 3.54% of CNO Financial Group worth $135,886,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. First Trust Advisors LP raised its position in CNO Financial Group by 34.9% during the fourth quarter. First Trust Advisors LP now owns 155,006 shares of the financial services provider's stock worth $5,768,000 after acquiring an additional 40,122 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of CNO Financial Group by 10.0% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 107,921 shares of the financial services provider's stock valued at $4,015,000 after purchasing an additional 9,772 shares during the last quarter. Keeley Teton Advisors LLC acquired a new position in shares of CNO Financial Group in the 4th quarter valued at $1,586,000. Bridgewater Associates LP boosted its holdings in shares of CNO Financial Group by 5.3% in the 4th quarter. Bridgewater Associates LP now owns 197,191 shares of the financial services provider's stock valued at $7,337,000 after purchasing an additional 9,981 shares during the last quarter. Finally, Mariner LLC boosted its holdings in shares of CNO Financial Group by 6.7% in the 4th quarter. Mariner LLC now owns 6,116 shares of the financial services provider's stock valued at $228,000 after purchasing an additional 385 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

Insider Activity

In other CNO Financial Group news, insider Scott L. Goldberg sold 25,500 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $40.02, for a total transaction of $1,020,510.00. Following the sale, the insider now directly owns 169,342 shares in the company, valued at approximately $6,777,066.84. This trade represents a 13.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $41.49, for a total transaction of $1,692,792.00. Following the sale, the general counsel now owns 244,943 shares in the company, valued at approximately $10,162,685.07. The trade was a 14.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 159,512 shares of company stock worth $6,497,710. 3.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Piper Sandler lifted their target price on shares of CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. Royal Bank of Canada boosted their target price on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods lifted their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a report on Wednesday, February 12th. Finally, BMO Capital Markets assumed 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 target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, CNO Financial Group presently has a consensus rating of "Hold" and a consensus price target of $41.00.

CNO Financial Group Stock Down 4.8 %

Shares of NYSE:CNO traded down $1.91 on Tuesday, reaching $38.01. The company had a trading volume of 1,855,896 shares, compared to its average volume of 710,731. CNO Financial Group, Inc. has a twelve month low of $25.75 and a twelve month high of $43.20. The stock has a 50-day moving average price of $39.73 and a 200 day moving average price of $38.75. The stock has a market capitalization of $3.81 billion, a P/E ratio of 10.16 and a beta of 0.90. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.79 earnings per share for the quarter, hitting analysts' consensus estimates of $0.79. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $975.80 million. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The business's quarterly revenue was down 13.2% compared to the same quarter last year. On average, equities analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a dividend of $0.16 per share. The ex-dividend date was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.68%. CNO Financial Group's payout ratio is presently 17.11%.

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.