DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Decreases Stake in CNO Financial Group, Inc. (NYSE:CNO)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main trimmed its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 24.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,241 shares of the financial services provider's stock after selling 16,546 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in CNO Financial Group were worth $1,907,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of CNO. Jones Financial Companies Lllp boosted its holdings 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 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% 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 in the last quarter. Principal Securities Inc. boosted its holdings in shares of 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 in the last quarter. Headlands Technologies LLC boosted its holdings 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 worth $50,000 after buying an additional 881 shares in the last quarter. Finally, Quarry LP boosted its holdings in shares of 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. 95.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CNO shares. BMO Capital Markets initiated coverage on CNO Financial Group in a report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 price target on the stock. Piper Sandler lifted 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. 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 report on Wednesday, February 12th. Finally, Royal Bank of Canada boosted 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 report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $41.00.

Insider Buying and Selling at CNO Financial Group

In other CNO Financial Group news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $40.10, for a total transaction of $1,636,080.00. Following the transaction, the general counsel now directly owns 204,143 shares in the company, valued at approximately $8,186,134.30. This trade represents a 16.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott L. Goldberg sold 25,500 shares of CNO Financial Group stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $40.02, for a total value of $1,020,510.00. Following the sale, the insider now owns 169,342 shares in the company, valued at $6,777,066.84. The trade was a 13.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 159,512 shares of company stock worth $6,497,710. Corporate insiders own 3.00% of the company's stock.

CNO Financial Group Stock Down 0.4%

NYSE:CNO traded down $0.17 during trading hours on Wednesday, hitting $38.49. 652,736 shares of the company traded hands, compared to its average volume of 712,156. 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 firm's 50-day simple moving average is $39.12 and its 200-day simple moving average is $38.91. CNO Financial Group, Inc. has a one year low of $26.36 and a one year high of $43.20. The company has a market cap of $3.82 billion, a PE ratio of 10.29 and a beta of 0.90.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.79 earnings per share for the quarter, meeting the consensus estimate 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 period last year, the business earned $0.52 EPS. The business's revenue was down 13.2% on a year-over-year basis. Equities analysts predict that CNO Financial Group, Inc. will post 3.83 earnings per share for the current 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 paid a dividend of $0.17 per share. The ex-dividend date is Tuesday, June 10th. This is a boost from CNO Financial Group's previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 1.77%. CNO Financial Group's dividend payout ratio (DPR) is 23.78%.

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.