Cornercap Investment Counsel Inc. reduced its position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 56.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,389 shares of the financial services provider's stock after selling 25,455 shares during the period. Cornercap Investment Counsel Inc.'s holdings in CNO Financial Group were worth $681,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its holdings in shares of CNO Financial Group by 300.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,199,040 shares of the financial services provider's stock worth $42,086,000 after acquiring an additional 899,990 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of CNO Financial Group by 455.1% during the 2nd quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider's stock worth $21,546,000 after acquiring an additional 637,254 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of CNO Financial Group by 19.4% during the 2nd quarter. American Century Companies Inc. now owns 2,117,416 shares of the financial services provider's stock worth $58,695,000 after acquiring an additional 343,819 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in CNO Financial Group by 97.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 622,348 shares of the financial services provider's stock worth $17,251,000 after purchasing an additional 306,751 shares during the last quarter. Finally, Denali Advisors LLC lifted its stake in CNO Financial Group by 725.0% in the second quarter. Denali Advisors LLC now owns 231,000 shares of the financial services provider's stock worth $6,403,000 after purchasing an additional 203,000 shares during the last quarter. 95.43% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have weighed in on CNO shares. Piper Sandler boosted their price target on shares of CNO Financial Group from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 2nd. Evercore ISI boosted their price target on shares of CNO Financial Group from $27.00 to $29.00 and gave the stock an "underperform" rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada boosted their price target on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $34.50.
Check Out Our Latest Research Report on CNO
Shares of NYSE:CNO opened at $38.96 on Friday. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 15.71 and a beta of 1.01. The company has a 50-day moving average price of $35.40 and a 200-day moving average price of $31.73. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. CNO Financial Group, Inc. has a 12 month low of $24.92 and a 12 month high of $40.29.
CNO Financial Group (NYSE:CNO - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.82 by $0.29. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $945.44 million. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The company's quarterly revenue was up 19.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 earnings per share. As a group, equities analysts anticipate that CNO Financial Group, Inc. will post 3.63 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Tuesday, December 10th. CNO Financial Group's dividend payout ratio is currently 25.81%.
In related news, insider Jeanne L. Linnenbringer sold 5,364 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $34.88, for a total transaction of $187,096.32. Following the transaction, the insider now owns 44,884 shares in the company, valued at $1,565,553.92. The trade was a 10.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeremy David Williams sold 4,783 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $40.09, for a total transaction of $191,750.47. Following the transaction, the insider now owns 62,121 shares in the company, valued at $2,490,430.89. This represents a 7.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,582 shares of company stock worth $565,050 over the last 90 days. 3.00% of the stock is owned by company insiders.
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.
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