AQR Capital Management LLC Sells 177,229 Shares of CNO Financial Group, Inc. (NYSE:CNO)

AQR Capital Management LLC lowered its stake in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 11.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,434,653 shares of the financial services provider's stock after selling 177,229 shares during the period. AQR Capital Management LLC owned 1.39% of CNO Financial Group worth $53,383,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp grew its stake 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 valued at $30,000 after buying an additional 626 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of 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 acquiring an additional 417 shares during the period. Principal Securities Inc. grew its position in shares of 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 purchasing an additional 325 shares in the last quarter. Headlands Technologies LLC raised its stake in shares of CNO Financial Group by 193.2% during the 4th quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock valued at $50,000 after purchasing an additional 881 shares during the period. Finally, 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 purchasing an additional 773 shares in the last quarter. Institutional investors own 95.43% of the company's stock.

Analysts Set New Price Targets

CNO has been the topic of a number of recent analyst reports. BMO Capital Markets began coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 price target on the stock. 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 research note on Monday, February 10th. Piper Sandler boosted their price target on shares of CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods increased their price objective on 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, three have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $41.00.

Insider Buying and Selling

In other CNO Financial Group news, insider Jeremy David Williams sold 3,393 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $41.77, for a total value of $141,725.61. Following the completion of the sale, the insider now directly owns 56,599 shares of the company's stock, valued at $2,364,140.23. The trade was a 5.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Scott L. Goldberg sold 25,500 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $40.11, for a total value of $1,022,805.00. Following the transaction, the insider now directly owns 169,342 shares in the company, valued at $6,792,307.62. This trade represents a 13.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 159,512 shares of company stock worth $6,497,710 in the last quarter. 3.00% of the stock is owned by insiders.

CNO Financial Group Price Performance

CNO stock traded up $0.18 during midday trading on Tuesday, reaching $37.53. The company had a trading volume of 328,321 shares, compared to its average volume of 711,434. The firm has a 50-day moving average price of $39.47 and a 200-day moving average price of $38.81. 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 company has a market capitalization of $3.76 billion, a P/E ratio of 10.04 and a beta of 0.90. 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 - Get Free Report) last released its earnings results on Monday, April 28th. The financial services provider reported $0.79 EPS for the quarter, meeting analysts' consensus estimates of $0.79. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $975.80 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The firm's revenue was down 13.2% on a year-over-year basis. On average, research analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.81%. This is a boost from CNO Financial Group's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, June 10th. CNO Financial Group's dividend payout ratio (DPR) is currently 22.38%.

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.