Rhumbline Advisers Sells 15,528 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Rhumbline Advisers reduced its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 3.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 405,195 shares of the financial services provider's stock after selling 15,528 shares during the quarter. Rhumbline Advisers owned approximately 0.41% of CNO Financial Group worth $16,876,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Principal Securities Inc. grew its stake 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 acquiring an additional 325 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of CNO Financial Group during the 4th quarter worth approximately $903,000. Allianz Asset Management GmbH grew its stake 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 acquiring an additional 10,846 shares in the last quarter. JPMorgan Chase & Co. grew its stake 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 worth $47,419,000 after acquiring an additional 372,701 shares in the last quarter. Finally, Congress Asset Management Co. grew its stake in shares of CNO Financial Group by 5.9% during the 4th quarter. Congress Asset Management Co. now owns 157,004 shares of the financial services provider's stock worth $5,842,000 after acquiring an additional 8,689 shares in the last quarter. 95.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CNO shares. Piper Sandler raised their target price on shares of CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. Royal Bank of Canada raised their target price on shares of 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, Keefe, Bruyette & Woods raised their target price on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, CNO Financial Group currently has a consensus rating of "Hold" and a consensus price target of $41.00.

Insider Buying and Selling at CNO Financial Group

In other news, insider Yvonne K. Franzese sold 8,109 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $42.00, for a total value of $340,578.00. Following the completion of the sale, the insider now owns 38,540 shares of the company's stock, valued at approximately $1,618,680. The trade was a 17.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeremy David Williams sold 11,300 shares of the business's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $41.51, for a total transaction of $469,063.00. Following the completion of the sale, the insider now directly owns 65,299 shares of the company's stock, valued at approximately $2,710,561.49. The trade was a 14.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,912 shares of company stock valued at $1,125,523 in the last quarter. 3.00% of the stock is currently owned by insiders.

CNO Financial Group Price Performance

NYSE:CNO opened at $38.64 on Friday. The firm has a fifty day simple moving average of $38.12 and a 200 day simple moving average of $38.96. CNO Financial Group, Inc. has a 1-year low of $26.36 and a 1-year high of $43.20. The stock has a market capitalization of $3.83 billion, a PE ratio of 10.33 and a beta of 0.89. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.79 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $975.80 million. During the same quarter last year, the firm posted $0.52 EPS. The company's quarterly revenue was down 13.2% on a year-over-year basis. On average, research analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Increases Dividend

The firm also recently declared 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. This is an increase from CNO Financial Group's previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, June 10th. This represents a $0.68 annualized dividend and a yield of 1.76%. CNO Financial Group's dividend payout ratio (DPR) is currently 23.78%.

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.

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