Cornercap Investment Counsel Inc. Sells 9,025 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Cornercap Investment Counsel Inc. cut its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 46.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,364 shares of the financial services provider’s stock after selling 9,025 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in CNO Financial Group were worth $386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of CNO Financial Group during the fourth quarter valued at approximately $13,975,000. JPMorgan Chase & Co. boosted its position in CNO Financial Group by 41.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,274,370 shares of the financial services provider’s stock valued at $47,419,000 after buying an additional 372,701 shares during the period. American Century Companies Inc. grew its holdings in CNO Financial Group by 11.7% in the 4th quarter. American Century Companies Inc. now owns 2,687,861 shares of the financial services provider’s stock worth $100,015,000 after acquiring an additional 282,611 shares during the last quarter. FMR LLC increased its position in shares of CNO Financial Group by 28.8% in the third quarter. FMR LLC now owns 1,040,619 shares of the financial services provider’s stock valued at $36,526,000 after acquiring an additional 232,631 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of CNO Financial Group by 37.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 671,636 shares of the financial services provider’s stock valued at $24,945,000 after acquiring an additional 181,711 shares during the last quarter. 95.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Jefferies Financial Group raised their target price on CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Piper Sandler reiterated an “overweight” rating and issued a $46.00 price objective (up from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. Royal Bank of Canada boosted their target price on CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. BMO Capital Markets assumed coverage on CNO Financial Group in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price target for the company. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of 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 given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.50.

CNO Financial Group Trading Down 1.9 %

CNO opened at $41.46 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61. CNO Financial Group, Inc. has a 52 week low of $24.92 and a 52 week high of $43.20. The stock has a market cap of $4.16 billion, a PE ratio of 11.09 and a beta of 1.02. The business has a 50 day moving average of $40.45 and a 200-day moving average of $38.06.

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

CNO Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Monday, March 10th. CNO Financial Group’s dividend payout ratio (DPR) is presently 17.11%.

Insiders Place Their Bets

In other CNO Financial Group news, insider Scott L. Goldberg sold 25,500 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $40.11, for a total value of $1,022,805.00. Following the completion of the transaction, the insider now owns 169,342 shares of the company’s stock, valued at approximately $6,792,307.62. The trade was a 13.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Yvonne K. Franzese sold 2,013 shares of the business’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $42.18, for a total transaction of $84,908.34. Following the transaction, the insider now directly owns 26,994 shares of the company’s stock, valued at $1,138,606.92. The trade was a 6.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 144,819 shares of company stock worth $5,886,922. 3.21% of the stock is currently owned by company insiders.

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.