Sterling Capital Management LLC Has $804,000 Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Sterling Capital Management LLC reduced its position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 38.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,598 shares of the financial services provider's stock after selling 13,722 shares during the quarter. Sterling Capital Management LLC's holdings in CNO Financial Group were worth $804,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in shares of CNO Financial Group by 368.2% in the 4th quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 626 shares during the period. Smartleaf Asset Management LLC increased its position in CNO Financial Group by 95.2% during the fourth 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 during the last quarter. Principal Securities Inc. raised its stake in CNO Financial Group by 51.6% in the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock valued at $36,000 after buying an additional 325 shares during the period. Headlands Technologies LLC lifted its position in shares of CNO Financial Group by 193.2% in the fourth quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock valued at $50,000 after buying an additional 881 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new position in shares of CNO Financial Group during the 4th quarter worth approximately $54,000. 95.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Scott L. Goldberg sold 25,500 shares of the stock in a transaction 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 sale, the insider now directly owns 169,342 shares of the company's stock, valued at approximately $6,792,307.62. This represents a 13.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Yvonne K. Franzese sold 2,097 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $42.56, for a total value of $89,248.32. Following the completion of the transaction, the insider now owns 30,321 shares in the company, valued at $1,290,461.76. The trade was a 6.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,512 shares of company stock worth $6,497,710 in the last 90 days. Company insiders own 3.00% of the company's stock.

CNO Financial Group Stock Performance

Shares of CNO Financial Group stock traded up $1.49 during trading on Tuesday, reaching $38.65. The company's stock had a trading volume of 454,817 shares, compared to its average volume of 707,822. 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 business's 50-day moving average price is $39.88 and its 200-day moving average price is $38.57. CNO Financial Group, Inc. has a 52 week low of $25.75 and a 52 week high of $43.20. The firm has a market cap of $3.88 billion, a PE ratio of 10.33 and a beta of 0.90.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. Equities analysts forecast that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Monday, March 10th. CNO Financial Group's dividend payout ratio is currently 17.11%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CNO. Keefe, Bruyette & Woods increased their price target on 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. BMO Capital Markets started coverage on shares of CNO Financial Group in a research report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 price objective on the stock. Piper Sandler lifted their target price on shares of CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. Finally, Royal Bank of Canada increased their price target 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. One 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, the company currently has a consensus rating of "Hold" and an average price target of $41.00.

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.