Hotchkis & Wiley Capital Management LLC Reduces Stock Position in CNO Financial Group, Inc. (NYSE:CNO)

Hotchkis & Wiley Capital Management LLC cut its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 13.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,046,621 shares of the financial services provider's stock after selling 155,820 shares during the period. Hotchkis & Wiley Capital Management LLC owned 1.01% of CNO Financial Group worth $36,736,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. increased its stake in CNO Financial Group by 72.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,817 shares of the financial services provider's stock valued at $380,000 after purchasing an additional 4,538 shares in the last quarter. Verition Fund Management LLC increased its position in CNO Financial Group by 31.3% during the third quarter. Verition Fund Management LLC now owns 16,435 shares of the financial services provider's stock valued at $577,000 after acquiring an additional 3,914 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of CNO Financial Group by 1.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,647 shares of the financial services provider's stock worth $795,000 after buying an additional 376 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in CNO Financial Group by 69.8% during the third quarter. BNP Paribas Financial Markets now owns 39,946 shares of the financial services provider's stock valued at $1,402,000 after buying an additional 16,420 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of CNO Financial Group by 28.8% during the 3rd quarter. FMR LLC now owns 1,040,619 shares of the financial services provider's stock worth $36,526,000 after acquiring an additional 232,631 shares during the last quarter. 95.43% of the stock is owned by hedge funds and other institutional investors.

CNO Financial Group Stock Down 0.4 %

CNO Financial Group stock traded down $0.16 during midday trading on Tuesday, reaching $39.20. The company's stock had a trading volume of 695,872 shares, compared to its average volume of 640,839. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. The stock has a market capitalization of $4.05 billion, a P/E ratio of 15.80 and a beta of 1.02. The stock's 50-day simple moving average is $36.69 and its 200-day simple moving average is $32.71. CNO Financial Group, Inc. has a 52-week low of $24.92 and a 52-week high of $40.91.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its earnings results on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.29. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $945.44 million. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The company's revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 earnings per share. On average, sell-side analysts expect that CNO Financial Group, Inc. will post 3.73 EPS for the current year.

CNO Financial Group Announces Dividend

The company 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 dividend of $0.16 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.64 annualized dividend and a yield of 1.63%. CNO Financial Group's dividend payout ratio (DPR) is currently 25.81%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CNO. Royal Bank of Canada lifted their target price on shares of CNO Financial Group from $38.00 to $40.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Piper Sandler increased their price target on shares of CNO Financial Group from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $34.50.

Insider Transactions at CNO Financial Group

In related news, CIO Eric R. Johnson sold 3,978 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $39.09, for a total value of $155,500.02. Following the sale, the executive now directly owns 631,844 shares in the company, valued at approximately $24,698,781.96. The trade was a 0.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeremy David Williams sold 4,783 shares of CNO Financial Group stock in a transaction that occurred on 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 of the company's stock, valued at $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 14,196 shares of company stock valued at $533,454 over the last 90 days. 3.21% of the stock is currently owned by corporate insiders.

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.