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

Rhumbline Advisers lessened its holdings in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 3.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. 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 0.41% of CNO Financial Group worth $16,876,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CNO. Bank of America Corp DE boosted its holdings in shares of CNO Financial Group by 236.9% during the 4th quarter. Bank of America Corp DE now owns 922,411 shares of the financial services provider's stock valued at $34,323,000 after acquiring an additional 648,591 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of CNO Financial Group during the 4th quarter valued at $15,093,000. Balyasny Asset Management L.P. acquired a new stake in shares of CNO Financial Group during the 4th quarter valued at $14,270,000. Norges Bank acquired a new stake in shares of CNO Financial Group during the 4th quarter valued at $13,975,000. Finally, JPMorgan Chase & Co. boosted its holdings 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 in the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

Insider Transactions at CNO Financial Group

In related news, insider Jeremy David Williams sold 3,393 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Yvonne K. Franzese sold 2,097 shares of the business's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $42.56, for a total value of $89,248.32. Following the completion of the sale, the insider now directly owns 30,321 shares of the company's stock, valued at $1,290,461.76. The trade was a 6.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,912 shares of company stock valued at $1,125,523. Corporate insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on CNO shares. Piper Sandler lifted their target price on CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods lifted their target price 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $41.00.

CNO Financial Group Trading Down 1.0%

Shares of CNO stock traded down $0.39 during mid-day trading on Wednesday, hitting $37.52. The company's stock had a trading volume of 1,017,433 shares, compared to its average volume of 703,571. The company's fifty day simple moving average is $38.01 and its 200-day simple moving average is $38.93. CNO Financial Group, Inc. has a 52 week low of $26.36 and a 52 week high of $43.20. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. The company has a market cap of $3.72 billion, a PE ratio of 10.03 and a beta of 0.89.

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, hitting 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 firm had revenue of $1 billion during the quarter, compared to analyst estimates of $975.80 million. During the same period last year, the company posted $0.52 EPS. The business's quarterly revenue was down 13.2% on a year-over-year basis. As a group, equities research analysts expect that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be given a $0.17 dividend. The ex-dividend date is Tuesday, June 10th. This is a positive change from CNO Financial Group's previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 1.81%. CNO Financial Group's dividend payout ratio (DPR) is 23.78%.

About CNO Financial Group

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.