LSV Asset Management Has $145.32 Million Stock Position in CNO Financial Group, Inc. (NYSE:CNO)

LSV Asset Management decreased its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 6.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,905,369 shares of the financial services provider’s stock after selling 284,600 shares during the quarter. LSV Asset Management owned about 3.78% of CNO Financial Group worth $145,319,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Securities Inc. boosted its position 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 worth $36,000 after purchasing an additional 325 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of CNO Financial Group by 58.7% during the 4th quarter. Pacer Advisors Inc. now owns 24,580 shares of the financial services provider’s stock valued at $915,000 after buying an additional 9,096 shares during the last quarter. Blue Trust Inc. lifted its position in shares of CNO Financial Group by 7.4% during the 4th quarter. Blue Trust Inc. now owns 6,737 shares of the financial services provider’s stock valued at $236,000 after buying an additional 464 shares during the last quarter. KBC Group NV lifted its position in shares of CNO Financial Group by 49.0% during the 4th quarter. KBC Group NV now owns 4,990 shares of the financial services provider’s stock valued at $186,000 after buying an additional 1,641 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of CNO Financial Group during the 4th quarter valued at $903,000. Institutional investors own 95.43% of the company’s stock.

Insider Activity at CNO Financial Group

In other news, insider Jeremy David Williams sold 3,393 shares of CNO Financial Group stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $41.77, for a total transaction of $141,725.61. Following the completion of the sale, the insider now owns 56,599 shares in the company, 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 Securities & Exchange Commission, which is available through this link. Also, insider Yvonne K. Franzese sold 2,097 shares of CNO Financial Group stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $42.56, for a total transaction of $89,248.32. Following the sale, the insider now owns 30,321 shares of the company’s stock, valued at approximately $1,290,461.76. This represents a 6.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 159,512 shares of company stock worth $6,497,710. 3.00% of the stock is owned by insiders.

CNO Financial Group Stock Performance

Shares of CNO opened at $39.52 on Thursday. The company’s fifty day moving average is $40.36 and its 200-day moving average is $38.37. CNO Financial Group, Inc. has a 12 month low of $24.92 and a 12 month high of $43.20. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 10.57 and a beta of 0.90. 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 (NYSE:CNO) last posted its earnings results 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 expect that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a $0.16 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.62%. CNO Financial Group’s payout ratio is presently 17.11%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CNO. 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 price target on the stock. Piper Sandler lifted their price target on CNO Financial Group from $46.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, April 2nd. Royal Bank of Canada boosted their price target on CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Finally, Keefe, Bruyette & Woods boosted their price target on CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, CNO Financial Group has a consensus rating of “Hold” and an average price target of $41.00.

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.