Mackenzie Financial Corp Reduces Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Mackenzie Financial Corp decreased its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,916 shares of the financial services provider’s stock after selling 2,333 shares during the quarter. Mackenzie Financial Corp’s holdings in CNO Financial Group were worth $723,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Assetmark Inc. grew its holdings in shares of CNO Financial Group by 18.0% during the third quarter. Assetmark Inc. now owns 4,166 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 634 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of CNO Financial Group by 23.2% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,438 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 835 shares during the last quarter. Denali Advisors LLC grew its holdings in shares of CNO Financial Group by 517.6% during the third quarter. Denali Advisors LLC now owns 10,500 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 8,800 shares during the last quarter. Everhart Financial Group Inc. grew its holdings in shares of CNO Financial Group by 12.6% during the third quarter. Everhart Financial Group Inc. now owns 10,911 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 1,225 shares during the last quarter. Finally, Uncommon Cents Investing LLC grew its holdings in shares of CNO Financial Group by 8.0% during the third quarter. Uncommon Cents Investing LLC now owns 12,465 shares of the financial services provider’s stock worth $296,000 after purchasing an additional 925 shares during the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Insider Buying and Selling at CNO Financial Group

In other CNO Financial Group news, insider Karen Detoro sold 1,282 shares of CNO Financial Group stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $27.00, for a total value of $34,614.00. Following the sale, the insider now owns 79,057 shares of the company’s stock, valued at approximately $2,134,539. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Karen Detoro sold 1,282 shares of CNO Financial Group stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $27.00, for a total transaction of $34,614.00. Following the completion of the sale, the insider now directly owns 79,057 shares in the company, valued at approximately $2,134,539. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Scott L. Goldberg sold 7,325 shares of CNO Financial Group stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $26.65, for a total transaction of $195,211.25. Following the sale, the insider now owns 178,295 shares of the company’s stock, valued at $4,751,561.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,590 shares of company stock valued at $4,116,255. 3.00% of the stock is owned by corporate insiders.

CNO Financial Group Price Performance

Shares of CNO opened at $26.44 on Friday. CNO Financial Group, Inc. has a twelve month low of $19.95 and a twelve month high of $28.39. The stock’s 50 day moving average is $26.65 and its two-hundred day moving average is $26.25. The firm has a market capitalization of $2.88 billion, a PE ratio of 10.97 and a beta of 1.03. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50.

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

CNO Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Thursday, March 7th. CNO Financial Group’s dividend payout ratio is presently 24.90%.

Analyst Ratings Changes

CNO has been the topic of a number of research reports. StockNews.com lowered CNO Financial Group from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Evercore ISI raised their price target on CNO Financial Group from $26.00 to $27.00 and gave the stock an “underperform” rating in a report on Wednesday, February 28th. Piper Sandler raised 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, April 16th. Finally, Royal Bank of Canada raised their price target on CNO Financial Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, CNO Financial Group presently has an average rating of “Hold” and an average price target of $27.50.

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.