CNO Financial Group, Inc. (NYSE:CNO) Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC reduced its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 30.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,179,386 shares of the financial services provider's stock after selling 1,398,504 shares during the period. Pzena Investment Management LLC owned 3.08% of CNO Financial Group worth $118,305,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake in CNO Financial Group by 368.2% in the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 626 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings 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 valued at $32,000 after acquiring an additional 417 shares during the period. Principal Securities Inc. increased its holdings 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 valued at $36,000 after acquiring an additional 325 shares during the period. Sound Income Strategies LLC acquired a new position in shares of CNO Financial Group in the 4th quarter valued at $54,000. Finally, GAMMA Investing LLC increased its holdings in shares of CNO Financial Group by 15.3% in the 4th quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider's stock valued at $85,000 after acquiring an additional 304 shares during the period. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

CNO has been the topic of a number of recent research reports. Royal Bank of Canada lifted their target price on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Piper Sandler reaffirmed an "overweight" rating and issued a $46.00 target price (up from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. Jefferies Financial Group lifted their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods lifted their price objective on shares of 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, BMO Capital Markets began 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, CNO Financial Group has a consensus rating of "Hold" and an average price target of $40.50.

CNO Financial Group Price Performance

Shares of NYSE CNO traded up $0.41 during trading on Tuesday, hitting $39.02. 604,281 shares of the company were exchanged, compared to its average volume of 652,937. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 10.43 and a beta of 1.02. CNO Financial Group, Inc. has a 1 year low of $24.92 and a 1 year high of $42.41. The firm's fifty day moving average price is $39.49 and its 200 day moving average price is $37.44. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. On average, sell-side 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 company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Monday, March 10th. CNO Financial Group's dividend payout ratio (DPR) is presently 17.11%.

Insider Transactions at CNO Financial Group

In other news, insider Scott L. Goldberg sold 25,500 shares of CNO Financial Group stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $40.02, for a total transaction of $1,020,510.00. Following the completion of the transaction, the insider now owns 169,342 shares of the company's stock, valued at $6,777,066.84. The trade was a 13.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of CNO Financial Group stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $41.49, for a total value of $1,692,792.00. Following the transaction, the general counsel now directly owns 244,943 shares of the company's stock, valued at $10,162,685.07. This trade represents a 14.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 138,584 shares of company stock valued at $5,597,404 in the last 90 days. 3.00% of the stock is currently owned by insiders.

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.