Lingohr Asset Management GmbH Sells 14,630 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Lingohr Asset Management GmbH reduced its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 53.1% during the fourth quarter, Holdings Channel reports. The fund owned 12,919 shares of the financial services provider’s stock after selling 14,630 shares during the period. Lingohr Asset Management GmbH’s holdings in CNO Financial Group were worth $480,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CNO. Jones Financial Companies Lllp grew its position in 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 last quarter. Smartleaf Asset Management LLC grew its position in CNO Financial Group by 95.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 417 shares during the last quarter. Principal Securities Inc. grew its position in CNO Financial Group by 51.6% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 325 shares during the last quarter. Sound Income Strategies LLC bought a new position in CNO Financial Group during the fourth quarter valued at approximately $54,000. Finally, GAMMA Investing LLC grew its holdings in shares of CNO Financial Group by 15.3% in the fourth quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 304 shares during the last quarter. 95.43% of the stock is currently owned by institutional investors.

Insider Transactions at CNO Financial Group

In other news, insider Scott L. Goldberg sold 25,500 shares of CNO Financial Group stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $40.02, for a total value of $1,020,510.00. Following the completion of the transaction, the insider now owns 169,342 shares of the company’s stock, valued at $6,777,066.84. The trade was a 13.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $40.10, for a total value of $1,636,080.00. Following the completion of the transaction, the general counsel now directly owns 204,143 shares of the company’s stock, valued at approximately $8,186,134.30. This trade represents a 16.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 132,600 shares of company stock valued at $5,372,187 in the last quarter. 3.00% of the stock is owned by insiders.

CNO Financial Group Stock Performance

NYSE:CNO opened at $41.28 on Thursday. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61. The stock has a market cap of $4.16 billion, a P/E ratio of 11.04 and a beta of 1.02. The firm’s fifty day simple moving average is $39.86 and its 200 day simple moving average is $37.67. CNO Financial Group, Inc. has a twelve month low of $24.92 and a twelve month high of $42.41.

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

CNO Financial Group Dividend Announcement

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

Analysts Set New Price Targets

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

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.