Charles Schwab Investment Management Inc. Has $44.21 Million Stock Position in CNO Financial Group, Inc. (NYSE:CNO)

Charles Schwab Investment Management Inc. trimmed its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,188,133 shares of the financial services provider’s stock after selling 10,053 shares during the period. Charles Schwab Investment Management Inc. owned 1.15% of CNO Financial Group worth $44,210,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CNO. GAMMA Investing LLC increased its holdings in shares of CNO Financial Group by 15.3% during the 4th quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider’s stock worth $85,000 after acquiring an additional 304 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of CNO Financial Group by 51.6% in 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of 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 purchasing an additional 376 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of CNO Financial Group by 95.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 417 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of CNO Financial Group by 7.4% in 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 during the last quarter. 95.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on CNO. Keefe, Bruyette & Woods upped their target price on CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. Royal Bank of Canada upped their price objective on CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, February 10th. BMO Capital Markets began coverage on CNO Financial Group in a report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price objective on the stock. Jefferies Financial Group upped 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. Finally, Piper Sandler reiterated an “overweight” rating and issued a $46.00 price objective (up previously from $44.00) on shares of CNO Financial Group in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, CNO Financial Group presently has a consensus rating of “Hold” and an average target price of $40.50.

Insiders Place Their Bets

In other news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $41.49, for a total value of $1,692,792.00. Following the completion of the sale, the general counsel now owns 244,943 shares of the company’s stock, valued at approximately $10,162,685.07. This represents a 14.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Scott L. Goldberg sold 25,500 shares of CNO Financial Group stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 169,342 shares in the company, 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. Over the last quarter, insiders have sold 138,584 shares of company stock valued at $5,597,404. 3.00% of the stock is currently owned by insiders.

CNO Financial Group Price Performance

Shares of CNO stock opened at $40.10 on Friday. The business has a fifty day simple moving average of $39.56 and a 200 day simple moving average of $37.46. The company has a market cap of $4.04 billion, a P/E ratio of 10.72 and a beta of 1.02. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61. CNO Financial Group, Inc. has a twelve month low of $24.92 and a twelve month high of $42.41.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.31 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%. On average, sell-side analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

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

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.