CNO Financial Group, Inc. (NYSE:CNO) Position Lessened by Cerity Partners LLC

Cerity Partners LLC lowered its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 14.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,354 shares of the financial services provider’s stock after selling 1,686 shares during the quarter. Cerity Partners LLC’s holdings in CNO Financial Group were worth $373,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in shares of CNO Financial Group by 368.2% during the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 626 shares during the period. Smartleaf Asset Management LLC lifted its position in CNO Financial Group by 95.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 417 shares during the last quarter. Principal Securities Inc. boosted its stake in CNO Financial Group by 51.6% during the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 325 shares during the period. Headlands Technologies LLC grew its position in CNO Financial Group by 193.2% in the 4th quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 881 shares during the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in shares of CNO Financial Group in the fourth quarter valued at approximately $54,000. 95.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CNO has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price objective on CNO Financial Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. Royal Bank of Canada increased 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. Piper Sandler lifted their price objective on shares of CNO Financial Group from $46.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, April 2nd. Finally, BMO Capital Markets began coverage on shares of CNO Financial Group in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $41.00.

Insiders Place Their Bets

In other news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $41.49, for a total transaction of $1,692,792.00. Following the sale, the general counsel now owns 244,943 shares in the company, valued at $10,162,685.07. The trade was a 14.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeremy David Williams sold 3,393 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $41.77, for a total transaction of $141,725.61. Following the completion of the transaction, the insider now directly owns 56,599 shares of the company’s stock, valued at $2,364,140.23. This represents a 5.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, 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 Up 4.0 %

CNO opened at $38.65 on Wednesday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. The company has a market capitalization of $3.88 billion, a PE ratio of 10.33 and a beta of 0.90. The stock’s fifty day moving average is $39.88 and its 200-day moving average is $38.57. CNO Financial Group, Inc. has a one year low of $25.75 and a one year high of $43.20.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. On average, equities analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Monday, March 10th. CNO Financial Group’s payout ratio is 17.11%.

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.