Hotchkis & Wiley Capital Management LLC Sells 155,820 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Hotchkis & Wiley Capital Management LLC decreased its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 13.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,046,621 shares of the financial services provider’s stock after selling 155,820 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 1.01% of CNO Financial Group worth $36,736,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of CNO Financial Group during the 2nd quarter worth approximately $852,000. DekaBank Deutsche Girozentrale increased its position in CNO Financial Group by 680.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 34,584 shares of the financial services provider’s stock worth $949,000 after purchasing an additional 30,150 shares during the last quarter. Interval Partners LP acquired a new stake in CNO Financial Group during the second quarter worth about $2,360,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of CNO Financial Group by 97.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 622,348 shares of the financial services provider’s stock worth $17,251,000 after buying an additional 306,751 shares during the period. Finally, Victory Capital Management Inc. grew its position in CNO Financial Group by 455.1% in the second quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider’s stock worth $21,546,000 after acquiring an additional 637,254 shares in the last quarter. 95.43% of the stock is owned by hedge funds and other institutional investors.

CNO Financial Group Stock Down 1.3 %

CNO opened at $39.40 on Tuesday. The company has a market capitalization of $4.07 billion, a PE ratio of 15.89 and a beta of 1.02. The business has a 50-day moving average of $36.60 and a 200-day moving average of $32.64. CNO Financial Group, Inc. has a fifty-two week low of $24.92 and a fifty-two week high of $40.91. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.82 by $0.29. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $945.44 million. During the same quarter last year, the company posted $0.88 EPS. The firm’s revenue was up 19.2% compared to the same quarter last year. Equities research analysts forecast that CNO Financial Group, Inc. will post 3.73 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Tuesday, December 10th. CNO Financial Group’s payout ratio is presently 25.81%.

Insider Activity at CNO Financial Group

In related news, insider Jeremy David Williams sold 4,783 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $40.09, for a total value of $191,750.47. Following the sale, the insider now directly owns 62,121 shares of the company’s stock, valued at $2,490,430.89. This represents a 7.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeanne L. Linnenbringer sold 5,435 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $34.26, for a total transaction of $186,203.10. Following the sale, the insider now owns 37,663 shares of the company’s stock, valued at $1,290,334.38. The trade was a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,196 shares of company stock valued at $533,454. Insiders own 3.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Piper Sandler lifted their price target on shares of CNO Financial Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada raised their price target on shares of CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $34.50.

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.