CNO Financial Group, Inc. (NYSE:CNO) Stock Holdings Lessened by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 5.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 39,789 shares of the financial services provider’s stock after selling 2,305 shares during the period. Yousif Capital Management LLC’s holdings in CNO Financial Group were worth $1,481,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of CNO Financial Group by 15.3% during the fourth quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider’s stock valued at $85,000 after purchasing an additional 304 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in CNO Financial Group by 1.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,647 shares of the financial services provider’s stock valued at $795,000 after purchasing an additional 376 shares during the period. State of Alaska Department of Revenue boosted its position in CNO Financial Group by 3.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 12,290 shares of the financial services provider’s stock valued at $431,000 after purchasing an additional 415 shares during the period. Blue Trust Inc. grew its stake in CNO Financial Group by 7.4% during the 4th quarter. Blue Trust Inc. now owns 6,737 shares of the financial services provider’s stock worth $236,000 after buying an additional 464 shares during the last quarter. Finally, CWM LLC increased its position in CNO Financial Group by 53.0% in the third quarter. CWM LLC now owns 1,750 shares of the financial services provider’s stock worth $61,000 after buying an additional 606 shares during the period. Institutional investors own 95.43% of the company’s stock.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, CIO Eric R. Johnson sold 3,978 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $39.09, for a total transaction of $155,500.02. Following the completion of the sale, the executive now directly owns 631,844 shares of the company’s stock, valued at approximately $24,698,781.96. This represents a 0.63 % 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, CMO Rocco F. Tarasi III sold 4,500 shares of CNO Financial Group stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $37.51, for a total transaction of $168,795.00. Following the completion of the transaction, the chief marketing officer now directly owns 72,896 shares in the company, valued at approximately $2,734,328.96. This trade represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,962 shares of company stock valued at $380,717 over the last ninety days. Insiders own 3.00% of the company’s stock.

CNO Financial Group Stock Performance

Shares of NYSE CNO opened at $40.59 on Thursday. CNO Financial Group, Inc. has a 1 year low of $24.92 and a 1 year high of $41.54. The firm has a market cap of $4.19 billion, a P/E ratio of 10.85 and a beta of 1.04. The stock has a fifty day moving average price of $38.34 and a two-hundred day moving average price of $36.32. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19.

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, beating the consensus estimate of $1.06 by $0.25. CNO Financial Group had a return on equity of 17.21% and a net margin of 9.08%. Research analysts forecast that CNO Financial Group, Inc. will post 3.79 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors 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 1.58%. CNO Financial Group’s payout ratio is currently 17.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CNO shares. Keefe, Bruyette & Woods boosted 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. Piper Sandler reissued an “overweight” rating and set a $46.00 target price (up from $44.00) on shares of CNO Financial Group in a research note on Monday. Jefferies Financial Group raised their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a research note 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 target on the stock. Finally, Royal Bank of Canada increased their price objective on CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, CNO Financial Group has an average rating of “Hold” and a consensus target price of $40.50.

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.