Dimensional Fund Advisors LP Sells 42,652 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Dimensional Fund Advisors LP trimmed its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,651,861 shares of the financial services provider's stock after selling 42,652 shares during the quarter. Dimensional Fund Advisors LP owned about 3.54% of CNO Financial Group worth $135,886,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. American Century Companies Inc. raised its position in shares of CNO Financial Group by 11.7% in the fourth quarter. American Century Companies Inc. now owns 2,687,861 shares of the financial services provider's stock valued at $100,015,000 after buying an additional 282,611 shares in the last quarter. Principal Financial Group Inc. raised its holdings in CNO Financial Group by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider's stock valued at $66,676,000 after acquiring an additional 107,589 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of CNO Financial Group by 41.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,274,370 shares of the financial services provider's stock valued at $47,419,000 after acquiring an additional 372,701 shares during the period. Invesco Ltd. lifted its position in shares of CNO Financial Group by 21.6% during the 4th quarter. Invesco Ltd. now owns 899,226 shares of the financial services provider's stock valued at $33,460,000 after acquiring an additional 159,603 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in shares of CNO Financial Group by 1.3% during the 4th quarter. Allianz Asset Management GmbH now owns 848,407 shares of the financial services provider's stock worth $31,569,000 after purchasing an additional 10,846 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. 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. Royal Bank of Canada upped their price target on shares of 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 boosted their price target on CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. Finally, BMO Capital Markets initiated coverage on CNO Financial Group in a research note on Thursday, January 23rd. They set a "market perform" rating and a $38.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $41.00.

CNO Financial Group Trading Down 1.0 %

NYSE CNO traded down $0.38 on Thursday, hitting $37.56. The company's stock had a trading volume of 195,622 shares, compared to its average volume of 708,050. The company's 50-day moving average is $39.64 and its 200 day moving average is $38.74. The firm has a market cap of $3.77 billion, a PE ratio of 10.06 and a beta of 0.90. CNO Financial Group, Inc. has a 1-year low of $26.29 and a 1-year high of $43.20. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.79 earnings per share for the quarter, meeting analysts' consensus estimates of $0.79. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $975.80 million. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. During the same period in the prior year, the business posted $0.52 earnings per share. CNO Financial Group's quarterly revenue was down 13.2% on a year-over-year basis. As a group, analysts predict that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Monday, March 10th. CNO Financial Group's payout ratio is presently 22.38%.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, insider Scott L. Goldberg sold 25,500 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $40.02, for a total transaction of $1,020,510.00. Following the transaction, the insider now directly owns 169,342 shares in the company, valued at approximately $6,777,066.84. This represents a 13.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of CNO Financial Group stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $41.49, for a total transaction 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 $10,162,685.07. This represents a 14.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 159,512 shares of company stock worth $6,497,710 over the last ninety days. Insiders own 3.38% of the company's stock.

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.