Signaturefd LLC Sells 499 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Signaturefd LLC trimmed its position in CNO Financial Group, Inc. (NYSE:CNO) by 20.7% during the fourth quarter, Holdings Channel reports. The firm owned 1,914 shares of the financial services provider’s stock after selling 499 shares during the quarter. Signaturefd LLC’s holdings in CNO Financial Group were worth $71,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. raised its stake in CNO Financial Group by 6.0% in the third quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider’s stock valued at $66,676,000 after buying an additional 107,589 shares during the period. FMR LLC raised its stake in CNO Financial Group by 28.8% in the 3rd 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. Allianz Asset Management GmbH lifted its holdings in CNO Financial Group by 1.3% during the 4th quarter. Allianz Asset Management GmbH now owns 848,407 shares of the financial services provider’s stock valued at $31,569,000 after purchasing an additional 10,846 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in 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 worth $24,945,000 after purchasing an additional 181,711 shares during the period. Finally, Barclays PLC increased its holdings in shares of CNO Financial Group by 113.7% in the third quarter. Barclays PLC now owns 219,141 shares of the financial services provider’s stock valued at $7,691,000 after purchasing an additional 116,617 shares during the last quarter. 95.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on CNO. Jefferies Financial Group raised their target price on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods boosted their price objective on 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 increased their target price on CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Piper Sandler restated an “overweight” rating and issued a $46.00 price target (up from $44.00) on shares of CNO Financial Group in a research note on Monday, February 10th. Finally, BMO Capital Markets initiated coverage on CNO Financial Group in a research report on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $40.50.

CNO Financial Group Stock Up 3.0 %

NYSE CNO opened at $42.23 on Tuesday. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 11.29 and a beta of 1.02. The company has a 50 day moving average of $40.15 and a 200-day moving average of $37.83. CNO Financial Group, Inc. has a 1-year low of $24.92 and a 1-year high of $42.41.

CNO Financial Group (NYSE:CNO) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.25. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. On average, equities 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 announced 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 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Monday, March 10th. CNO Financial Group’s dividend payout ratio is currently 17.11%.

Insider Activity

In other news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $41.49, for a total transaction of $1,692,792.00. Following the completion of the transaction, the general counsel now owns 244,943 shares of the company’s stock, valued at approximately $10,162,685.07. The trade was a 14.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott L. Goldberg sold 25,500 shares of the company’s stock in a transaction on 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 sale, the insider now 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 132,600 shares of company stock worth $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.