Pzena Investment Management LLC Sells 79,253 Shares of CNO Financial Group, Inc. $CNO

Pzena Investment Management LLC decreased its position in CNO Financial Group, Inc. (NYSE:CNO) by 3.1% during the fourth quarter, Holdings Channel reports. The fund owned 2,462,868 shares of the financial services provider’s stock after selling 79,253 shares during the period. Pzena Investment Management LLC’s holdings in CNO Financial Group were worth $104,598,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Optiver Holding B.V. lifted its holdings in CNO Financial Group by 90.1% in the third quarter. Optiver Holding B.V. now owns 637 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 302 shares during the period. Smartleaf Asset Management LLC lifted its holdings in CNO Financial Group by 353.0% in the third quarter. Smartleaf Asset Management LLC now owns 743 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 579 shares during the period. Richardson Financial Services Inc. bought a new position in CNO Financial Group in the fourth quarter valued at about $37,000. EverSource Wealth Advisors LLC lifted its holdings in CNO Financial Group by 123.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,176 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 649 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in CNO Financial Group by 39.2% in the second quarter. Osaic Holdings Inc. now owns 1,194 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 336 shares during the period. Institutional investors own 95.43% of the company’s stock.

CNO Financial Group Stock Up 0.3%

NYSE CNO opened at $47.37 on Friday. The stock’s 50-day moving average price is $43.08 and its 200-day moving average price is $42.30. 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 19.02 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 27.31%.

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.

Wall Street Analysts Forecast Growth

CNO has been the topic of a number of recent research reports. 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. Wall Street Zen downgraded CNO Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings reissued a “buy (b)” rating on shares of CNO Financial Group in a report on Monday, April 20th. Finally, 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. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, CNO Financial Group currently has an average rating of “Hold” and an average price target of $47.50.

CNO Financial Group Company 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.