DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Cuts Position in CNO Financial Group, Inc. (NYSE:CNO)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main trimmed its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 24.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 51,241 shares of the financial services provider’s stock after selling 16,546 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in CNO Financial Group were worth $1,907,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. boosted its holdings in CNO Financial Group by 3.1% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,285,783 shares of the financial services provider’s stock worth $159,474,000 after acquiring an additional 130,342 shares in the last quarter. American Century Companies Inc. grew its position in CNO Financial Group by 11.7% during the 4th quarter. American Century Companies Inc. now owns 2,687,861 shares of the financial services provider’s stock valued at $100,015,000 after purchasing an additional 282,611 shares during the last quarter. Principal Financial Group Inc. increased its stake in CNO Financial Group by 6.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider’s stock valued at $66,676,000 after purchasing an additional 107,589 shares in the last quarter. JPMorgan Chase & Co. increased its stake 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 purchasing an additional 372,701 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in CNO Financial Group by 236.9% in the fourth quarter. Bank of America Corp DE now owns 922,411 shares of the financial services provider’s stock worth $34,323,000 after buying an additional 648,591 shares during the last quarter. 95.43% of the stock is owned by institutional investors.

Insider Activity at CNO Financial Group

In other news, insider Yvonne K. Franzese sold 2,097 shares of CNO Financial Group stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $42.56, for a total transaction of $89,248.32. Following the transaction, the insider now directly owns 30,321 shares of the company’s stock, valued at $1,290,461.76. The trade was a 6.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the stock in a transaction that occurred on 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 sale, the general counsel now directly owns 204,143 shares of the company’s stock, 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 three months, insiders have sold 159,512 shares of company stock worth $6,497,710. Corporate insiders own 3.00% of the company’s stock.

CNO Financial Group Stock Up 0.1 %

CNO stock opened at $37.72 on Friday. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 10.09 and a beta of 0.90. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. The business’s 50-day moving average is $39.18 and its two-hundred day moving average is $38.85. CNO Financial Group, Inc. has a fifty-two week low of $26.36 and a fifty-two week high of $43.20.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $975.80 million. During the same quarter last year, the firm posted $0.52 earnings per share. The firm’s revenue was down 13.2% compared to the same quarter last year. As a group, analysts forecast that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be issued a $0.17 dividend. This is a boost from CNO Financial Group’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Tuesday, June 10th. CNO Financial Group’s dividend payout ratio (DPR) is currently 23.78%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CNO. Royal Bank of Canada raised their price target on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. BMO Capital Markets initiated coverage on CNO Financial Group in a report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 target price for the company. Keefe, Bruyette & Woods upped their price target on CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. Finally, Piper Sandler lifted their price objective on CNO Financial Group from $46.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.