Paradice Investment Management LLC Sells 27,723 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Paradice Investment Management LLC lowered its stake in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 293,903 shares of the financial services provider's stock after selling 27,723 shares during the quarter. CNO Financial Group accounts for 2.2% of Paradice Investment Management LLC's investment portfolio, making the stock its 21st largest holding. Paradice Investment Management LLC owned 0.28% of CNO Financial Group worth $10,936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of CNO. Principal Securities Inc. increased its position in shares of CNO Financial Group by 51.6% during the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 325 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in shares of CNO Financial Group during the 4th quarter valued at $54,000. CWM LLC increased its position in shares of CNO Financial Group by 53.0% during the 3rd quarter. CWM LLC now owns 1,750 shares of the financial services provider's stock valued at $61,000 after purchasing an additional 606 shares during the last quarter. GAMMA Investing LLC increased its holdings in 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 worth $85,000 after acquiring an additional 304 shares during the last quarter. Finally, KBC Group NV increased its holdings in CNO Financial Group by 26.7% in the 3rd quarter. KBC Group NV now owns 3,349 shares of the financial services provider's stock worth $118,000 after acquiring an additional 706 shares during the last quarter. Institutional investors own 95.43% of the company's stock.

CNO Financial Group Price Performance

NYSE CNO traded down $0.81 during trading hours on Friday, hitting $39.81. The company had a trading volume of 602,124 shares, compared to its average volume of 537,160. CNO Financial Group, Inc. has a 52 week low of $24.92 and a 52 week high of $42.02. The firm has a 50 day simple moving average of $38.72 and a 200 day simple moving average of $36.69. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 10.64 and a beta of 1.04.

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

CNO Financial Group Announces Dividend

The business also recently declared 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 of this dividend is Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.61%. CNO Financial Group's dividend payout ratio (DPR) is currently 17.11%.

Insider Activity

In other news, CMO Rocco F. Tarasi III sold 4,500 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $37.51, for a total transaction of $168,795.00. Following the transaction, the chief marketing officer now directly owns 72,896 shares of the company's stock, valued at approximately $2,734,328.96. The trade was a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were 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 in the company, valued at $10,162,685.07. This trade represents a 14.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,584 shares of company stock valued at $3,554,089. Company insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CNO shares. Keefe, Bruyette & Woods lifted their price objective on CNO Financial Group from $42.00 to $44.00 and gave the stock a "market perform" rating in a report on Wednesday, February 12th. Piper Sandler reissued an "overweight" rating and issued a $46.00 price objective (up previously from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. Royal Bank of Canada lifted their price objective on CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. BMO Capital Markets started coverage on 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 lifted their price objective on CNO Financial Group from $36.00 to $41.00 and gave the stock a "hold" rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $40.50.

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.