Paradice Investment Management LLC Sells 27,723 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Paradice Investment Management LLC trimmed its stake in CNO Financial Group, Inc. (NYSE:CNO) by 8.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 293,903 shares of the financial services provider’s stock after selling 27,723 shares during the period. CNO Financial Group accounts for 2.2% of Paradice Investment Management LLC’s portfolio, making the stock its 21st largest position. Paradice Investment Management LLC owned 0.28% of CNO Financial Group worth $10,936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. raised its position in shares of CNO Financial Group by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider’s stock worth $66,676,000 after acquiring an additional 107,589 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of CNO Financial Group by 300.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,199,040 shares of the financial services provider’s stock worth $42,086,000 after acquiring an additional 899,990 shares in the last quarter. FMR LLC raised its position in shares of CNO Financial Group by 28.8% in the 3rd quarter. FMR LLC now owns 1,040,619 shares of the financial services provider’s stock worth $36,526,000 after acquiring an additional 232,631 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of CNO Financial Group by 37.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 671,636 shares of the financial services provider’s stock worth $24,945,000 after acquiring an additional 181,711 shares in the last quarter. Finally, Easterly Investment Partners LLC raised its position in shares of CNO Financial Group by 3.8% in the 3rd quarter. Easterly Investment Partners LLC now owns 609,624 shares of the financial services provider’s stock worth $21,398,000 after acquiring an additional 22,453 shares in the last quarter. 95.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CNO has been the subject of several recent research reports. BMO Capital Markets initiated coverage on CNO Financial Group in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price target for the company. Piper Sandler reaffirmed an “overweight” rating and set a $46.00 target price (up from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. Jefferies Financial Group upped their target price on CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Royal Bank of Canada upped their target price on CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Finally, Keefe, Bruyette & Woods upped their target price on CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $40.50.

Insider Transactions at CNO Financial Group

In other news, CMO Rocco F. Tarasi III sold 1,484 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $38.02, for a total value of $56,421.68. Following the sale, the chief marketing officer now owns 79,896 shares in the company, valued at $3,037,645.92. This represents a 1.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.00% of the company’s stock.

CNO Financial Group Stock Down 0.2 %

CNO Financial Group stock opened at $41.42 on Tuesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. The business’s 50-day simple moving average is $38.49 and its two-hundred day simple moving average is $36.51. The company has a market cap of $4.27 billion, a PE ratio of 11.07 and a beta of 1.04. CNO Financial Group, Inc. has a fifty-two week low of $24.92 and a fifty-two week high of $42.02.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.25. CNO Financial Group had a return on equity of 17.21% and a net margin of 9.08%. Equities analysts anticipate that CNO Financial Group, Inc. will post 3.79 EPS for the current year.

CNO Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.55%. CNO Financial Group’s payout ratio is 17.11%.

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.