Pzena Investment Management LLC Has $160.68 Million Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Pzena Investment Management LLC lessened its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 24.0% in the third quarter, HoldingsChannel reports. The fund owned 4,577,890 shares of the financial services provider’s stock after selling 1,448,993 shares during the period. Pzena Investment Management LLC’s holdings in CNO Financial Group were worth $160,684,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CNO. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in CNO Financial Group in the 2nd quarter valued at about $852,000. State Board of Administration of Florida Retirement System grew its position in CNO Financial Group by 30.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 105,374 shares of the financial services provider’s stock worth $2,896,000 after buying an additional 24,844 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in CNO Financial Group by 680.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 34,584 shares of the financial services provider’s stock worth $949,000 after acquiring an additional 30,150 shares during the period. Interval Partners LP acquired a new position in CNO Financial Group in the 2nd quarter valued at $2,360,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of CNO Financial Group by 97.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 622,348 shares of the financial services provider’s stock valued at $17,251,000 after acquiring an additional 306,751 shares during the period. 95.43% of the stock is currently owned by institutional investors and hedge funds.

CNO Financial Group Trading Down 0.4 %

Shares of CNO Financial Group stock traded down $0.14 on Wednesday, hitting $38.82. The stock had a trading volume of 55,621 shares, compared to its average volume of 736,131. The firm has a market capitalization of $4.01 billion, a P/E ratio of 15.71 and a beta of 1.01. CNO Financial Group, Inc. has a twelve month low of $24.92 and a twelve month high of $40.29. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a 50 day moving average of $35.66 and a 200 day moving average of $31.97.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.29. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $945.44 million. During the same period last year, the company posted $0.88 EPS. The business’s quarterly revenue was up 19.2% on a year-over-year basis. Sell-side analysts expect that CNO Financial Group, Inc. will post 3.73 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.16 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.64 annualized dividend and a yield of 1.65%. CNO Financial Group’s payout ratio is 25.81%.

Wall Street Analyst Weigh In

A number of research firms recently commented on CNO. Royal Bank of Canada boosted their price target on CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Evercore ISI upped their price target on shares of CNO Financial Group from $27.00 to $29.00 and gave the stock an “underperform” rating in a report on Wednesday, July 31st. Finally, Piper Sandler increased 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 report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, CNO Financial Group presently has an average rating of “Hold” and an average price target of $34.50.

Insider Activity at CNO Financial Group

In other news, CIO Eric R. Johnson sold 3,978 shares of the stock in a transaction that occurred on 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 transaction, the executive now directly owns 631,844 shares of the company’s stock, valued at $24,698,781.96. This represents a 0.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeanne L. Linnenbringer sold 5,364 shares of CNO Financial Group stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $34.88, for a total transaction of $187,096.32. Following the completion of the sale, the insider now directly owns 44,884 shares in the company, valued at $1,565,553.92. This trade represents a 10.68 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,560 shares of company stock valued at $720,550. 3.21% of the stock is 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.