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

Lingohr Asset Management GmbH trimmed its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 53.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its stake in shares of CNO Financial Group by 58.7% in the fourth quarter. Pacer Advisors Inc. now owns 24,580 shares of the financial services provider’s stock valued at $915,000 after buying an additional 9,096 shares in the last quarter. Principal Securities Inc. lifted its position in shares of 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 purchasing an additional 325 shares in the last quarter. Blue Trust Inc. lifted its position in shares of CNO Financial Group by 7.4% during the fourth quarter. Blue Trust Inc. now owns 6,737 shares of the financial services provider’s stock valued at $236,000 after purchasing an additional 464 shares in the last quarter. KBC Group NV lifted its position in shares of CNO Financial Group by 49.0% during the fourth quarter. KBC Group NV now owns 4,990 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 1,641 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of CNO Financial Group during the fourth quarter valued at about $903,000. 95.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on CNO shares. Jefferies Financial Group raised their price objective 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. Keefe, Bruyette & Woods raised their price objective 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. Royal Bank of Canada raised their price objective 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. Piper Sandler restated an “overweight” rating and set a $46.00 price objective (up previously from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. Finally, BMO Capital Markets started coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $40.50.

CNO Financial Group Stock Performance

NYSE CNO opened at $41.28 on Thursday. The company’s 50 day moving average is $39.86 and its 200-day moving average is $37.67. CNO Financial Group, Inc. has a 12-month low of $24.92 and a 12-month high of $42.41. 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 firm has a market cap of $4.16 billion, a P/E ratio of 11.04 and a beta of 1.02.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts predict that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Dividend Announcement

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

Insider Transactions at CNO Financial Group

In other news, insider Scott L. Goldberg sold 25,500 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $40.02, for a total value of $1,020,510.00. Following the sale, the insider now directly owns 169,342 shares of the company’s stock, valued at approximately $6,777,066.84. This represents a 13.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $40.10, for a total transaction of $1,636,080.00. Following the completion of the sale, the general counsel now directly owns 204,143 shares in the company, valued at $8,186,134.30. This represents a 16.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 132,600 shares of company stock valued at $5,372,187. 3.00% of the stock is currently owned by corporate 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.