Victory Capital Management Inc. Has $27.20 Million Stock Position in CNO Financial Group, Inc. (NYSE:CNO)

Victory Capital Management Inc. decreased its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 731,105 shares of the financial services provider's stock after selling 43,241 shares during the quarter. Victory Capital Management Inc. owned approximately 0.71% of CNO Financial Group worth $27,204,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Jones Financial Companies Lllp increased its position in shares of CNO Financial Group by 368.2% during 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 in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of CNO Financial Group by 95.2% during the fourth 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 in the last quarter. QRG Capital Management Inc. boosted its stake in shares of CNO Financial Group by 4.0% in the 4th quarter. QRG Capital Management Inc. now owns 80,391 shares of the financial services provider's stock valued at $2,991,000 after purchasing an additional 3,064 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of CNO Financial Group during the 4th quarter worth approximately $903,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of CNO Financial Group during the fourth quarter worth approximately $509,000. 95.43% of the stock is currently owned by institutional investors.

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CNO Financial Group Stock Down 0.9 %

NYSE CNO traded down $0.36 during trading hours on Thursday, hitting $38.75. 425,527 shares of the company traded hands, compared to its average volume of 649,498. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 10.36 and a beta of 1.02. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. CNO Financial Group, Inc. has a twelve month low of $24.92 and a twelve month high of $42.41. The business's 50-day moving average is $39.53 and its 200-day moving average is $37.45.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. Sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Monday, March 10th. CNO Financial Group's payout ratio is 17.11%.

Insider Buying and Selling at CNO Financial Group

In related news, CMO Rocco F. Tarasi III sold 4,500 shares of the firm's stock in a transaction dated Wednesday, December 18th. The shares were 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. This trade represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott L. Goldberg sold 25,500 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $40.02, for a total transaction of $1,020,510.00. Following the completion of the sale, the insider now directly owns 169,342 shares of the company's stock, valued at $6,777,066.84. This represents a 13.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 138,584 shares of company stock valued at $5,597,404 in the last three months. 3.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on CNO. Piper Sandler reaffirmed an "overweight" rating and set a $46.00 target price (up previously from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. Keefe, Bruyette & Woods increased their target price 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. Royal Bank of Canada lifted their price target on CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. BMO Capital Markets started coverage on CNO Financial Group in a research report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 price objective for the company. Finally, Jefferies Financial Group lifted their target price 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 equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $40.50.

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.