CNO Financial Group, Inc. (NYSE:CNO) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC lessened its position in CNO Financial Group, Inc. (NYSE:CNO) by 7.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,820 shares of the financial services provider’s stock after selling 1,283 shares during the quarter. Gotham Asset Management LLC’s holdings in CNO Financial Group were worth $589,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its stake in CNO Financial Group by 368.2% during the fourth 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 period. Smartleaf Asset Management LLC increased its stake in 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 buying an additional 417 shares during the period. Principal Securities Inc. increased its stake in CNO Financial Group by 51.6% during the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock worth $36,000 after buying an additional 325 shares during the period. Quarry LP lifted its holdings in CNO Financial Group by 137.8% during the 4th quarter. Quarry LP now owns 1,334 shares of the financial services provider’s stock worth $50,000 after buying an additional 773 shares in the last quarter. Finally, Headlands Technologies LLC boosted its position in CNO Financial Group by 193.2% in the 4th quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider’s stock valued at $50,000 after buying an additional 881 shares during the period. Institutional investors and hedge funds own 95.43% of the company’s stock.

CNO Financial Group Stock Down 0.2%

CNO Financial Group stock opened at $38.69 on Monday. The stock has a market cap of $3.84 billion, a PE ratio of 10.34 and a beta of 0.90. 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’s fifty day moving average is $39.09 and its two-hundred day moving average is $39.02. CNO Financial Group, Inc. has a 1-year low of $26.36 and a 1-year high of $43.20.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Monday, April 28th. The financial services provider reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $975.80 million. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. The business’s quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter last year, the company earned $0.52 EPS. On average, sell-side analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.68 dividend on an annualized basis and a yield of 1.76%. This is a boost from CNO Financial Group’s previous quarterly dividend of $0.16. CNO Financial Group’s dividend payout ratio (DPR) is presently 23.78%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CNO. Piper Sandler upped their price objective on CNO Financial Group from $46.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 2nd. 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 report on Wednesday, February 12th. Royal Bank of Canada lifted their price objective 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. Finally, BMO Capital Markets initiated 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. One research 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. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $41.00.

Insider Transactions at CNO Financial Group

In other news, insider Yvonne K. Franzese sold 2,013 shares of the business’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $42.18, for a total value of $84,908.34. Following the completion of the sale, the insider now directly owns 26,994 shares of the company’s stock, valued at approximately $1,138,606.92. The trade was a 6.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeremy David Williams sold 3,393 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $41.77, for a total value of $141,725.61. Following the transaction, the insider now owns 56,599 shares in the company, valued at $2,364,140.23. This represents a 5.66% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 159,512 shares of company stock worth $6,497,710. 3.00% of the stock is currently owned by insiders.

CNO Financial Group 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.