Paradice Investment Management LLC Has $20.19 Million Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Paradice Investment Management LLC decreased its holdings in CNO Financial Group, Inc. (NYSE:CNOFree Report) by 69.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 723,531 shares of the financial services provider’s stock after selling 1,609,581 shares during the quarter. CNO Financial Group accounts for about 2.5% of Paradice Investment Management LLC’s portfolio, making the stock its 22nd largest holding. Paradice Investment Management LLC owned approximately 0.65% of CNO Financial Group worth $20,187,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Daiwa Securities Group Inc. acquired a new stake in shares of CNO Financial Group in the fourth quarter valued at approximately $50,000. Assetmark Inc. raised its position in shares of CNO Financial Group by 18.0% in the third quarter. Assetmark Inc. now owns 4,166 shares of the financial services provider’s stock valued at $99,000 after buying an additional 634 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of CNO Financial Group by 23.2% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,438 shares of the financial services provider’s stock valued at $105,000 after buying an additional 835 shares in the last quarter. Versor Investments LP acquired a new stake in shares of CNO Financial Group in the fourth quarter valued at approximately $269,000. Finally, Everhart Financial Group Inc. raised its position in shares of CNO Financial Group by 8.8% in the fourth quarter. Everhart Financial Group Inc. now owns 11,874 shares of the financial services provider’s stock valued at $331,000 after buying an additional 963 shares in the last quarter. Institutional investors own 95.43% of the company’s stock.

CNO Financial Group Price Performance

CNO traded up $0.09 during trading on Friday, hitting $28.90. 646,951 shares of the stock traded hands, compared to its average volume of 709,653. CNO Financial Group, Inc. has a twelve month low of $21.52 and a twelve month high of $29.00. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 8.43 and a beta of 1.03. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.18 and a quick ratio of 0.18. The business has a 50 day moving average price of $26.90 and a 200 day moving average price of $26.72.

CNO Financial Group (NYSE:CNOGet Free Report) last posted its earnings results on Monday, April 29th. The financial services provider reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.12). The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $935.76 million. CNO Financial Group had a return on equity of 16.77% and a net margin of 9.07%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 EPS. Equities research analysts forecast that CNO Financial Group, Inc. will post 3.08 earnings per share for the current fiscal year.

CNO Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Monday, June 10th. This is a boost from CNO Financial Group’s previous quarterly dividend of $0.15. CNO Financial Group’s payout ratio is presently 17.49%.

Insiders Place Their Bets

In other CNO Financial Group news, CMO Rocco F. Tarasi III sold 3,500 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $28.50, for a total transaction of $99,750.00. Following the sale, the chief marketing officer now owns 81,380 shares of the company’s stock, valued at $2,319,330. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CMO Rocco F. Tarasi III sold 3,500 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $28.50, for a total value of $99,750.00. Following the sale, the chief marketing officer now owns 81,380 shares of the company’s stock, valued at $2,319,330. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Gary C. Bhojwani sold 20,200 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $27.31, for a total transaction of $551,662.00. Following the completion of the sale, the chief executive officer now directly owns 293,802 shares in the company, valued at approximately $8,023,732.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 174,308 shares of company stock valued at $4,729,864. 3.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Piper Sandler upgraded shares of CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 price target for the company in a research report on Tuesday, April 16th. StockNews.com downgraded shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Royal Bank of Canada boosted their price objective on shares of CNO Financial Group from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Finally, Evercore ISI boosted their price objective on shares of CNO Financial Group from $26.00 to $27.00 and gave the company an “underperform” rating in a research report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.50.

Get Our Latest Stock Report on CNO Financial Group

CNO Financial Group Profile

(Free Report)

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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Institutional Ownership by Quarter for CNO Financial Group (NYSE:CNO)

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