Northern Trust Corp Trims Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Northern Trust Corp lowered its position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,883,722 shares of the financial services provider's stock after selling 64,899 shares during the quarter. Northern Trust Corp owned 1.83% of CNO Financial Group worth $70,093,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Fuller & Thaler Asset Management Inc. lifted its stake in shares of CNO Financial Group by 3.1% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,285,783 shares of the financial services provider's stock valued at $159,474,000 after buying an additional 130,342 shares in the last quarter. American Century Companies Inc. lifted 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 acquiring an additional 282,611 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of CNO Financial Group by 6.0% in the third quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider's stock worth $66,676,000 after acquiring an additional 107,589 shares during the period. JPMorgan Chase & Co. grew its position in shares of CNO Financial Group by 41.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,274,370 shares of the financial services provider's stock worth $47,419,000 after purchasing an additional 372,701 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in CNO Financial Group by 21.6% in the 4th quarter. Invesco Ltd. now owns 899,226 shares of the financial services provider's stock worth $33,460,000 after purchasing an additional 159,603 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors.

CNO Financial Group Stock Performance

CNO Financial Group stock opened at $37.34 on Tuesday. 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, Inc. has a twelve month low of $26.36 and a twelve month high of $43.20. The company's 50-day moving average price is $39.47 and its 200-day moving average price is $38.81. The company has a market cap of $3.74 billion, a PE ratio of 9.98 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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.79. The business had revenue of $1 billion for 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%. The company's quarterly revenue was down 13.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 earnings per share. On average, equities research analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS 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. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.82%. This is a positive change from CNO Financial Group's previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, June 10th. CNO Financial Group's payout ratio is presently 22.38%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a report on Wednesday, February 12th. 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 report on Wednesday, April 2nd. Royal Bank of Canada increased their price objective on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Finally, BMO Capital Markets assumed coverage on CNO Financial Group in a report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 target price on the stock. 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $41.00.

Insider Buying and Selling at CNO Financial Group

In other news, insider Scott L. Goldberg sold 25,500 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $40.11, for a total transaction of $1,022,805.00. Following the transaction, the insider now owns 169,342 shares of the company's stock, valued at approximately $6,792,307.62. This represents a 13.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Yvonne K. Franzese sold 8,109 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $42.00, for a total value of $340,578.00. Following the sale, the insider now directly owns 38,540 shares of the company's stock, valued at $1,618,680. This represents a 17.38 % decrease in their ownership of the stock. 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 quarter. Insiders own 3.00% 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.

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