Lingohr Asset Management GmbH Sells 14,630 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Lingohr Asset Management GmbH trimmed its holdings in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 53.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,919 shares of the financial services provider's stock after selling 14,630 shares during the period. Lingohr Asset Management GmbH's holdings in CNO Financial Group were worth $480,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in CNO. Principal Financial Group Inc. raised its holdings in CNO Financial Group by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider's stock valued at $66,676,000 after acquiring an additional 107,589 shares in the last quarter. FMR LLC raised its stake in CNO Financial Group by 28.8% in the third quarter. FMR LLC now owns 1,040,619 shares of the financial services provider's stock valued at $36,526,000 after purchasing an additional 232,631 shares in the last quarter. Allianz Asset Management GmbH grew its stake in CNO Financial Group by 1.3% during the fourth quarter. Allianz Asset Management GmbH now owns 848,407 shares of the financial services provider's stock worth $31,569,000 after buying an additional 10,846 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in CNO Financial Group by 37.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 671,636 shares of the financial services provider's stock valued at $24,945,000 after buying an additional 181,711 shares during the period. Finally, Barclays PLC lifted its holdings in shares of CNO Financial Group by 113.7% during the 3rd quarter. Barclays PLC now owns 219,141 shares of the financial services provider's stock worth $7,691,000 after acquiring an additional 116,617 shares during the period. 95.43% of the stock is currently owned by institutional investors.

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CNO Financial Group Stock Up 3.0 %

NYSE CNO traded up $1.24 on Monday, hitting $42.23. 741,917 shares of the company were exchanged, compared to its average volume of 655,770. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61. The company has a market cap of $4.24 billion, a PE ratio of 11.29 and a beta of 1.02. The stock has a fifty day moving average of $40.15 and a 200-day moving average of $37.83. CNO Financial Group, Inc. has a 12 month low of $24.92 and a 12 month high of $42.41.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. As a group, analysts forecast that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a $0.16 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.52%. CNO Financial Group's dividend payout ratio (DPR) is presently 17.11%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Piper Sandler reiterated an "overweight" rating and issued a $46.00 target price (up previously from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. Keefe, Bruyette & Woods increased their price target on CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. BMO Capital Markets began coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 price objective for the company. Finally, Jefferies Financial Group upped their price target on CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $40.50.

Insider Activity

In other news, insider Scott L. Goldberg sold 25,500 shares of CNO Financial Group stock in a transaction dated 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 transaction, the insider now directly owns 169,342 shares in the company, valued at $6,792,307.62. This trade represents a 13.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $40.10, for a total transaction of $1,636,080.00. Following the completion of the sale, the general counsel now owns 204,143 shares in the company, valued at $8,186,134.30. This represents a 16.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 132,600 shares of company stock worth $5,372,187 over the last quarter. 3.00% 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.