LSV Asset Management Sells 77,800 Shares of CNO Financial Group, Inc. $CNO

LSV Asset Management decreased its position in CNO Financial Group, Inc. (NYSE:CNO) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,071,849 shares of the financial services provider’s stock after selling 77,800 shares during the quarter. LSV Asset Management owned approximately 3.22% of CNO Financial Group worth $130,461,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. FourThought Financial Partners LLC bought a new position in CNO Financial Group in the fourth quarter valued at about $202,000. ProShare Advisors LLC lifted its holdings in CNO Financial Group by 4.0% in the fourth quarter. ProShare Advisors LLC now owns 21,419 shares of the financial services provider’s stock valued at $910,000 after acquiring an additional 833 shares during the period. Thrivent Financial for Lutherans lifted its holdings in CNO Financial Group by 12.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 61,132 shares of the financial services provider’s stock valued at $2,597,000 after acquiring an additional 6,590 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in CNO Financial Group in the fourth quarter valued at about $450,000. Finally, Versor Investments LP bought a new position in CNO Financial Group in the fourth quarter valued at about $454,000. Institutional investors own 95.43% of the company’s stock.

CNO Financial Group Stock Down 0.1%

NYSE CNO opened at $47.34 on Friday. The stock’s 50-day moving average price is $43.22 and its 200-day moving average price is $42.33. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.61. CNO Financial Group, Inc. has a 52 week low of $35.24 and a 52 week high of $47.95. The company has a market capitalization of $4.42 billion, a P/E ratio of 19.01 and a beta of 0.82.

CNO Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.5%. This is an increase from CNO Financial Group’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, June 10th. CNO Financial Group’s dividend payout ratio is 28.92%.

Insider Activity at CNO Financial Group

In other news, insider Scott L. Goldberg sold 11,060 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $39.97, for a total value of $442,068.20. Following the transaction, the insider owned 214,524 shares of the company’s stock, valued at $8,574,524.28. This trade represents a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.44% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on CNO. Wall Street Zen downgraded CNO Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Evercore reissued an “underperform” rating and issued a $43.00 target price on shares of CNO Financial Group in a report on Wednesday, February 18th. Weiss Ratings reissued a “buy (b)” rating on shares of CNO Financial Group in a report on Monday, April 20th. Finally, Keefe, Bruyette & Woods increased their target price on CNO Financial Group from $46.00 to $50.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $47.50.

CNO Financial Group Profile

CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.