Mirae Asset Global Investments Co. Ltd. Sells 1,687 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Mirae Asset Global Investments Co. Ltd. decreased its position in CNO Financial Group, Inc. (NYSE:CNO) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,424 shares of the financial services provider’s stock after selling 1,687 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in CNO Financial Group were worth $2,076,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. New York State Teachers Retirement System grew its stake in shares of CNO Financial Group by 6.8% in the 4th quarter. New York State Teachers Retirement System now owns 166,380 shares of the financial services provider’s stock worth $4,642,000 after acquiring an additional 10,523 shares in the last quarter. Denali Advisors LLC boosted its holdings in shares of CNO Financial Group by 41.9% in the 4th quarter. Denali Advisors LLC now owns 14,900 shares of the financial services provider’s stock worth $416,000 after buying an additional 4,400 shares during the last quarter. Uncommon Cents Investing LLC boosted its holdings in shares of CNO Financial Group by 35.5% in the 4th quarter. Uncommon Cents Investing LLC now owns 16,890 shares of the financial services provider’s stock worth $471,000 after buying an additional 4,425 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of CNO Financial Group by 97.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 587,569 shares of the financial services provider’s stock worth $16,393,000 after buying an additional 290,585 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of CNO Financial Group by 63.8% in the 4th quarter. Pacer Advisors Inc. now owns 20,537 shares of the financial services provider’s stock worth $573,000 after buying an additional 7,997 shares during the last quarter. Institutional investors own 95.43% of the company’s stock.

CNO Financial Group Price Performance

NYSE CNO opened at $26.19 on Friday. The company has a market cap of $2.85 billion, a PE ratio of 10.87 and a beta of 1.03. CNO Financial Group, Inc. has a 52 week low of $19.95 and a 52 week high of $28.39. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. The firm’s 50-day simple moving average is $26.66 and its two-hundred day simple moving average is $26.16.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $0.85 by $0.33. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $934.05 million. CNO Financial Group had a net margin of 6.67% and a return on equity of 17.51%. Research analysts predict that CNO Financial Group, Inc. will post 3.14 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date was Thursday, March 7th. CNO Financial Group’s payout ratio is 24.90%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Piper Sandler raised shares of CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 price target on the stock in a report on Tuesday. Evercore ISI boosted their price target on shares of CNO Financial Group from $26.00 to $27.00 and gave the stock an “underperform” rating in a report on Wednesday, February 28th. Royal Bank of Canada boosted their price target on shares of CNO Financial Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Finally, StockNews.com downgraded shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Friday, April 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $27.50.

Insider Transactions at CNO Financial Group

In other news, CEO Gary C. Bhojwani sold 16,837 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $27.00, for a total value of $454,599.00. Following the sale, the chief executive officer now directly owns 406,808 shares of the company’s stock, valued at $10,983,816. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Yvonne K. Franzese sold 7,214 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $27.43, for a total value of $197,880.02. Following the sale, the executive vice president now directly owns 46,632 shares of the company’s stock, valued at $1,279,115.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gary C. Bhojwani sold 16,837 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $27.00, for a total transaction of $454,599.00. Following the completion of the transaction, the chief executive officer now owns 406,808 shares in the company, valued at $10,983,816. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 152,590 shares of company stock valued at $4,116,255. 3.00% of the stock is currently owned by corporate insiders.

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.