Dimensional Fund Advisors LP Sells 47,230 Shares of CNO Financial Group, Inc. $CNO

Dimensional Fund Advisors LP cut its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,395,729 shares of the financial services provider’s stock after selling 47,230 shares during the quarter. Dimensional Fund Advisors LP’s holdings in CNO Financial Group were worth $139,424,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CNO. Louisiana State Employees Retirement System acquired a new stake in CNO Financial Group during the 1st quarter valued at $1,125,000. Hsbc Holdings PLC increased its holdings in shares of CNO Financial Group by 102.1% in the fourth quarter. Hsbc Holdings PLC now owns 45,025 shares of the financial services provider’s stock valued at $1,914,000 after purchasing an additional 22,749 shares during the last quarter. SG Americas Securities LLC raised its position in shares of CNO Financial Group by 83.4% in the fourth quarter. SG Americas Securities LLC now owns 35,381 shares of the financial services provider’s stock valued at $1,503,000 after purchasing an additional 16,092 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of CNO Financial Group in the fourth quarter valued at about $5,871,000. Finally, Fifth Third Bancorp lifted its stake in shares of CNO Financial Group by 3,633.6% during the 1st quarter. Fifth Third Bancorp now owns 70,490 shares of the financial services provider’s stock worth $2,894,000 after buying an additional 68,602 shares during the last quarter. Institutional investors own 95.43% of the company’s stock.

Analysts Set New Price Targets

CNO has been the subject of several research analyst reports. Jefferies Financial Group downgraded shares of CNO Financial Group from a “buy” rating to a “hold” rating and lifted their target price for the stock from $53.00 to $55.00 in a report on Friday, July 10th. Keefe, Bruyette & Woods raised their price objective on shares of CNO Financial Group from $50.00 to $53.00 and gave the stock a “market perform” rating in a research report on Monday, July 13th. Weiss Ratings restated a “buy (b)” rating on shares of CNO Financial Group in a report on Friday, July 17th. Finally, Evercore set a $48.00 target price on CNO Financial Group and gave the company an “in-line” rating in a research report on Monday, June 1st. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, CNO Financial Group currently has a consensus rating of “Hold” and a consensus target price of $51.50.

CNO Financial Group Stock Down 0.1%

CNO opened at $53.16 on Monday. The stock has a fifty day moving average of $50.35 and a 200-day moving average of $45.26. The company has a market capitalization of $4.96 billion, a P/E ratio of 21.35 and a beta of 0.81. CNO Financial Group, Inc. has a fifty-two week low of $35.24 and a fifty-two week high of $54.09. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.17 and a current ratio of 0.17.

CNO Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were issued a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. This is an increase from CNO Financial Group’s previous quarterly dividend of $0.17. CNO Financial Group’s payout ratio is presently 28.92%.

Insider Buying and Selling

In other news, CMO Rocco F. Tarasi III sold 5,750 shares of CNO Financial Group stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $50.00, for a total value of $287,500.00. Following the completion of the sale, the chief marketing officer directly owned 79,191 shares in the company, valued at approximately $3,959,550. The trade was a 6.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gary C. Bhojwani sold 86,048 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $51.48, for a total value of $4,429,751.04. Following the completion of the sale, the chief executive officer owned 174,264 shares of the company’s stock, valued at approximately $8,971,110.72. This trade represents a 33.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 95,106 shares of company stock worth $4,879,343. Company insiders own 3.44% of the company’s stock.

About CNO Financial Group

CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.