LSV Asset Management lowered its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO – Free Report) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,071,849 shares of the financial services provider’s stock after selling 77,800 shares during the period. LSV Asset Management’s holdings in CNO Financial Group were worth $130,461,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Optiver Holding B.V. grew its position in shares of CNO Financial Group by 90.1% during the third quarter. Optiver Holding B.V. now owns 637 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 302 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of CNO Financial Group by 353.0% during the third quarter. Smartleaf Asset Management LLC now owns 743 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 579 shares in the last quarter. Richardson Financial Services Inc. purchased a new stake in shares of CNO Financial Group during the fourth quarter worth about $37,000. EverSource Wealth Advisors LLC grew its position in shares of CNO Financial Group by 123.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,176 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 649 shares in the last quarter. Finally, Osaic Holdings Inc. grew its position in shares of CNO Financial Group by 39.2% during the second quarter. Osaic Holdings Inc. now owns 1,194 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 336 shares in the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of CNO Financial Group in a research report on Monday, April 20th. Wall Street Zen cut CNO Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Evercore restated an “underperform” rating and set a $43.00 price target on shares of CNO Financial Group in a report on Wednesday, February 18th. Finally, Keefe, Bruyette & Woods raised their price target on CNO Financial Group from $46.00 to $50.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $47.50.
CNO Financial Group Stock Performance
NYSE CNO opened at $47.34 on Friday. The stock has a market capitalization of $4.42 billion, a PE ratio of 19.01 and a beta of 0.82. The business has a 50 day simple moving average of $43.22 and a two-hundred day simple moving average of $42.33. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.17 and a quick ratio of 0.17. CNO Financial Group, Inc. has a 1-year low of $35.24 and a 1-year high of $47.95.
CNO Financial Group Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $0.18 per share. The ex-dividend date is Wednesday, June 10th. This represents a $0.72 annualized dividend and a yield of 1.5%. This is a boost from CNO Financial Group’s previous quarterly dividend of $0.17. CNO Financial Group’s dividend payout ratio (DPR) is 28.92%.
Insiders Place Their Bets
In other CNO Financial Group news, insider Scott L. Goldberg sold 11,060 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $39.97, for a total transaction of $442,068.20. Following the completion of the transaction, the insider owned 214,524 shares in the company, valued at $8,574,524.28. This trade represents a 4.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.44% of the stock is owned by corporate insiders.
CNO Financial Group Company Profile
CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.
Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.
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