Cornercap Investment Counsel Inc. Sells 25,455 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Cornercap Investment Counsel Inc. trimmed its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 56.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,389 shares of the financial services provider's stock after selling 25,455 shares during the quarter. Cornercap Investment Counsel Inc.'s holdings in CNO Financial Group were worth $681,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC increased its position in shares of CNO Financial Group by 64.1% during the second quarter. CWM LLC now owns 1,144 shares of the financial services provider's stock worth $32,000 after acquiring an additional 447 shares in the last quarter. Quarry LP increased its holdings in CNO Financial Group by 123.2% during the 2nd quarter. Quarry LP now owns 1,694 shares of the financial services provider's stock worth $47,000 after purchasing an additional 935 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of CNO Financial Group in the 1st quarter valued at about $52,000. Blue Trust Inc. raised its stake in shares of CNO Financial Group by 25.4% in the 2nd quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider's stock valued at $66,000 after purchasing an additional 483 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of CNO Financial Group by 141.8% in the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 1,164 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jeanne L. Linnenbringer sold 5,435 shares of the firm's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $34.26, for a total transaction of $186,203.10. Following the completion of the sale, the insider now owns 37,663 shares in the company, valued at approximately $1,290,334.38. This trade represents a 12.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeremy David Williams sold 4,783 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $40.09, for a total transaction of $191,750.47. Following the completion of the transaction, the insider now owns 62,121 shares in the company, valued at approximately $2,490,430.89. This trade represents a 7.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,582 shares of company stock valued at $565,050 over the last three months. Insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CNO. Piper Sandler lifted their target price on CNO Financial Group from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. Royal Bank of Canada increased their target price on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. Finally, Evercore ISI raised their target price on shares of CNO Financial Group from $27.00 to $29.00 and gave the company an "underperform" rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, CNO Financial Group currently has an average rating of "Hold" and an average price target of $34.50.

CNO Financial Group Stock Down 0.3 %

Shares of NYSE CNO traded down $0.10 during trading hours on Friday, hitting $38.95. The company had a trading volume of 500,790 shares, compared to its average volume of 740,748. CNO Financial Group, Inc. has a 1-year low of $24.92 and a 1-year high of $40.29. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. The firm's 50 day moving average is $35.40 and its 200-day moving average is $31.73. The stock has a market capitalization of $4.02 billion, a P/E ratio of 15.71 and a beta of 1.01.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.29. The firm had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $945.44 million. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The company's revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 earnings per share. On average, analysts expect that CNO Financial Group, Inc. will post 3.63 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.64 annualized dividend and a yield of 1.64%. CNO Financial Group's dividend payout ratio is 25.81%.

About CNO Financial Group

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.