Sterling Capital Management LLC Sells 13,722 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Sterling Capital Management LLC decreased its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 38.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,598 shares of the financial services provider’s stock after selling 13,722 shares during the quarter. Sterling Capital Management LLC’s holdings in CNO Financial Group were worth $804,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new stake in CNO Financial Group in the 4th quarter valued at $13,975,000. JPMorgan Chase & Co. lifted its stake in shares of CNO Financial Group by 41.3% in the fourth 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 in the last quarter. American Century Companies Inc. grew its holdings in shares of CNO Financial Group by 11.7% during the fourth quarter. American Century Companies Inc. now owns 2,687,861 shares of the financial services provider’s stock valued at $100,015,000 after buying an additional 282,611 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings 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 during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of CNO Financial Group by 21.6% in the 4th quarter. Invesco Ltd. now owns 899,226 shares of the financial services provider’s stock worth $33,460,000 after acquiring an additional 159,603 shares during the last quarter. Institutional investors own 95.43% of the company’s stock.

Insider Activity at CNO Financial Group

In related news, 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 transaction of $1,636,080.00. Following the completion of the transaction, the general counsel now directly owns 204,143 shares in the company, valued at $8,186,134.30. The trade was a 16.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott L. Goldberg sold 25,500 shares of the business’s 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 transaction, the insider now directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 159,512 shares of company stock valued at $6,497,710. Corporate insiders own 3.00% of the company’s stock.

CNO Financial Group Stock Down 0.1 %

CNO Financial Group stock opened at $38.14 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 company has a market capitalization of $3.82 billion, a P/E ratio of 10.20 and a beta of 0.90. The firm has a 50 day moving average price of $40.12 and a 200-day moving average price of $38.45. CNO Financial Group, Inc. has a twelve month low of $25.08 and a twelve month high of $43.20.

CNO Financial Group (NYSE:CNO) last released 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 net margin of 9.08% and a return on equity of 17.20%. As a group, equities analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.64 annualized dividend and a yield of 1.68%. CNO Financial Group’s dividend payout ratio is currently 17.11%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CNO. Piper Sandler raised their target price on CNO Financial Group from $46.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods raised their price objective on CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a research note on Wednesday, February 12th. Royal Bank of Canada upped their target price on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Finally, BMO Capital Markets started coverage on shares of CNO Financial Group in a research report on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price target on the stock. One 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 MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $41.00.

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.