Victory Capital Management Inc. Cuts Position in CNO Financial Group, Inc. (NYSE:CNO)

Victory Capital Management Inc. decreased its position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 5.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 731,105 shares of the financial services provider's stock after selling 43,241 shares during the period. Victory Capital Management Inc. owned approximately 0.71% of CNO Financial Group worth $27,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in CNO Financial Group by 15.3% during the 4th quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider's stock worth $85,000 after purchasing an additional 304 shares during the period. Principal Securities Inc. lifted its holdings in CNO Financial Group by 51.6% in 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in CNO Financial Group by 1.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,647 shares of the financial services provider's stock worth $795,000 after purchasing an additional 376 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of CNO Financial Group by 95.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock worth $32,000 after purchasing an additional 417 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of CNO Financial Group by 7.4% during the 4th quarter. Blue Trust Inc. now owns 6,737 shares of the financial services provider's stock valued at $236,000 after purchasing an additional 464 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

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Analysts Set New Price Targets

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

Insider Buying and Selling at CNO Financial Group

In related news, insider Scott L. Goldberg sold 25,500 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $40.11, for a total value of $1,022,805.00. Following the sale, the insider now owns 169,342 shares in the company, valued at approximately $6,792,307.62. The trade was a 13.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the stock in a transaction dated 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 transaction, the general counsel now directly owns 244,943 shares in the company, valued at approximately $10,162,685.07. The trade was a 14.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 138,584 shares of company stock valued at $5,597,404 over the last 90 days. 3.00% of the stock is owned by insiders.

CNO Financial Group Trading Up 3.4 %

NYSE:CNO traded up $1.31 on Friday, hitting $40.10. The stock had a trading volume of 499,298 shares, compared to its average volume of 648,752. The company has a fifty day moving average price of $39.56 and a two-hundred day moving average price of $37.46. CNO Financial Group, Inc. has a 1-year low of $24.92 and a 1-year high of $42.41. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 10.72 and a beta of 1.02.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, topping the consensus estimate 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 fiscal year.

CNO Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a $0.16 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.64 annualized dividend and a yield of 1.60%. CNO Financial Group's dividend payout ratio (DPR) is currently 17.11%.

CNO Financial Group Company 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.