Versor Investments LP Sells 16,500 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Versor Investments LP trimmed its position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 64.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,019 shares of the financial services provider's stock after selling 16,500 shares during the quarter. Versor Investments LP's holdings in CNO Financial Group were worth $336,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CNO. Principal Securities Inc. increased its holdings in CNO Financial Group by 51.6% in the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock worth $36,000 after acquiring an additional 325 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in CNO Financial Group in the 4th quarter worth approximately $54,000. 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 in the last quarter. 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 in the last quarter. Finally, Connable Office Inc. purchased a new stake in CNO Financial Group in the 3rd quarter worth approximately $207,000. 95.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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Insider Activity

In related news, CMO Rocco F. Tarasi III sold 4,500 shares of the firm's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $37.51, for a total value of $168,795.00. Following the completion of the sale, the chief marketing officer now directly owns 72,896 shares in the company, valued at $2,734,328.96. This trade represents a 5.81 % 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 firm's stock in a transaction on Wednesday, February 19th. The stock was 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 represents a 14.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,584 shares of company stock worth $3,554,089. 3.00% of the stock is currently owned by insiders.

CNO Financial Group Price Performance

Shares of NYSE CNO traded down $0.99 during midday trading on Thursday, reaching $39.75. 176,714 shares of the stock traded hands, compared to its average volume of 651,841. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. The stock has a market capitalization of $4.01 billion, a PE ratio of 10.64 and a beta of 1.02. CNO Financial Group, Inc. has a one year low of $24.92 and a one year high of $42.41. The company's 50 day moving average is $39.27 and its 200 day moving average is $37.21.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its 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 research analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a dividend of $0.16 per share. The ex-dividend date is Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.61%. CNO Financial Group's dividend payout ratio is currently 17.11%.

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.