Counterpoint Mutual Funds LLC Has $1.08 Million Stake in CNO Financial Group, Inc. (NYSE:CNO)

Counterpoint Mutual Funds LLC reduced its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 20.8% during the 4th quarter, HoldingsChannel reports. The firm owned 29,145 shares of the financial services provider’s stock after selling 7,662 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in CNO Financial Group were worth $1,084,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC increased its holdings in CNO Financial Group by 15.3% in the 4th quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider’s stock valued at $85,000 after buying an additional 304 shares during the period. Principal Securities Inc. boosted its position in shares of CNO Financial Group by 51.6% during the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 325 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in CNO Financial Group by 1.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,647 shares of the financial services provider’s stock valued at $795,000 after acquiring an additional 376 shares during the period. HighTower Advisors LLC lifted its stake in CNO Financial Group by 5.3% during the fourth quarter. HighTower Advisors LLC now owns 7,873 shares of the financial services provider’s stock worth $293,000 after purchasing an additional 394 shares during the period. Finally, Corient Private Wealth LLC boosted its holdings in CNO Financial Group by 2.6% during the fourth quarter. Corient Private Wealth LLC now owns 15,634 shares of the financial services provider’s stock valued at $582,000 after purchasing an additional 400 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors.

Insider Activity

In other CNO Financial Group news, CMO Rocco F. Tarasi III sold 4,500 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $37.51, for a total transaction of $168,795.00. Following the transaction, the chief marketing officer now directly owns 72,896 shares in the company, valued at approximately $2,734,328.96. This represents a 5.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Scott L. Goldberg sold 25,500 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $40.02, for a total transaction of $1,020,510.00. Following the completion of the transaction, the insider now directly owns 169,342 shares in the company, valued at $6,777,066.84. This trade represents a 13.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,100 shares of company stock valued at $5,540,982. Company insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CNO shares. Jefferies Financial Group increased their target price on CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. BMO Capital Markets started coverage on 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. 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 report on Monday, February 10th. Keefe, Bruyette & Woods lifted their price target on shares of 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 reaffirmed an “overweight” rating and set a $46.00 price objective (up from $44.00) on shares of CNO Financial Group in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $40.50.

CNO Financial Group Stock Up 3.4 %

Shares of NYSE CNO opened at $40.10 on Monday. CNO Financial Group, Inc. has a 12-month low of $24.92 and a 12-month high of $42.41. The firm’s 50-day simple moving average is $39.62 and its 200 day simple moving average is $37.55. 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 cap of $4.04 billion, a price-to-earnings ratio of 10.72 and a beta of 1.02.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share 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%. On average, research analysts expect that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a $0.16 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.60%. CNO Financial Group’s payout ratio is 17.11%.

CNO Financial Group Company 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.