Sterling Capital Management LLC Trims Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Sterling Capital Management LLC trimmed its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 38.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,598 shares of the financial services provider's stock after selling 13,722 shares during the period. Sterling Capital Management LLC's holdings in CNO Financial Group were worth $804,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Jones Financial Companies Lllp increased its position in CNO Financial Group by 368.2% in the 4th quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock worth $30,000 after purchasing an additional 626 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in CNO Financial Group by 95.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock worth $32,000 after buying an additional 417 shares during the last quarter. Principal Securities Inc. raised its position in CNO Financial Group by 51.6% during the fourth 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 in the last quarter. Headlands Technologies LLC lifted its stake in CNO Financial Group by 193.2% in the fourth quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock valued at $50,000 after acquiring an additional 881 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new stake in CNO Financial Group in the fourth quarter worth approximately $54,000. 95.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CNO. BMO Capital Markets assumed coverage on CNO Financial Group in a research report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 target price for the company. Piper Sandler increased their target price on shares of CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Royal Bank of Canada increased their target price on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock a "market perform" rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $41.00.

CNO Financial Group Price Performance

NYSE:CNO traded down $1.37 during mid-day trading on Monday, reaching $36.91. The stock had a trading volume of 170,952 shares, compared to its average volume of 684,131. The stock has a 50-day simple moving average of $40.01 and a two-hundred day simple moving average of $38.55. 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, Inc. has a 12 month low of $25.75 and a 12 month high of $43.20. The stock has a market capitalization of $3.70 billion, a PE ratio of 9.87 and a beta of 0.90.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 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%. On average, equities analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.73%. The ex-dividend date was Monday, March 10th. CNO Financial Group's payout ratio is presently 17.11%.

Insider Transactions at CNO Financial Group

In related news, General Counsel Matthew J. Zimpfer sold 40,800 shares of CNO Financial Group stock in a transaction 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 completion of the sale, the general counsel now owns 244,943 shares of the company's stock, valued at approximately $10,162,685.07. This trade represents a 14.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Yvonne K. Franzese sold 8,109 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $42.00, for a total transaction of $340,578.00. Following the transaction, the insider now owns 38,540 shares in the company, valued at approximately $1,618,680. The trade was a 17.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 159,512 shares of company stock worth $6,497,710. Company insiders own 3.00% of the company's stock.

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.