CNO Financial Group, Inc. (NYSE:CNO) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC trimmed its position in CNO Financial Group, Inc. (NYSE:CNO) by 3.6% during the second quarter, Holdings Channel.com reports. The firm owned 335,613 shares of the financial services provider’s stock after selling 12,582 shares during the period. Brandywine Global Investment Management LLC’s holdings in CNO Financial Group were worth $7,927,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CNO. Teacher Retirement System of Texas raised its stake in CNO Financial Group by 22.2% during the 1st quarter. Teacher Retirement System of Texas now owns 16,106 shares of the financial services provider’s stock worth $391,000 after acquiring an additional 2,929 shares in the last quarter. Acadian Asset Management LLC acquired a new position in CNO Financial Group during the first quarter worth about $208,000. Mercer Global Advisors Inc. ADV raised its position in CNO Financial Group by 40.7% during the first quarter. Mercer Global Advisors Inc. ADV now owns 35,570 shares of the financial services provider’s stock worth $864,000 after acquiring an additional 10,286 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in CNO Financial Group by 5.4% during the first quarter. CIBC Private Wealth Group LLC now owns 155,759 shares of the financial services provider’s stock worth $3,783,000 after acquiring an additional 7,916 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in CNO Financial Group by 3.9% during the first quarter. Geode Capital Management LLC now owns 2,161,496 shares of the financial services provider’s stock worth $52,502,000 after acquiring an additional 80,512 shares during the last quarter. Hedge funds and other institutional investors own 97.08% of the company’s stock.

CNO Financial Group stock opened at $25.44 on Thursday. CNO Financial Group, Inc. has a 1 year low of $17.05 and a 1 year high of $27.89. The firm has a 50 day moving average price of $23.92 and a 200 day moving average price of $24.52. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 7.55 and a beta of 1.41. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.22 and a current ratio of 0.22.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Tuesday, July 27th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.10. CNO Financial Group had a net margin of 11.19% and a return on equity of 6.87%. The company had revenue of $1.07 billion during the quarter. Sell-side analysts predict that CNO Financial Group, Inc. will post 2.37 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 24th. Shareholders of record on Friday, September 10th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 9th. This represents a $0.52 annualized dividend and a yield of 2.04%. CNO Financial Group’s dividend payout ratio is currently 20.55%.

A number of equities analysts have recently weighed in on CNO shares. Piper Sandler raised shares of CNO Financial Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $25.00 to $27.00 in a research report on Friday, September 10th. Zacks Investment Research raised shares of CNO Financial Group from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Tuesday, August 3rd.

CNO Financial Group Profile

CNO Financial Group, Inc is an insurance holding company, which engages in developing, marketing, and administering health insurance, annuity, individual life insurance and other insurance products. It operates through the following segments: Bankers Life, Washington National, and Colonial Penn. The Bankers Life segment markets and distributes medicare supplement insurance, interest-sensitive life insurance, traditional life insurance, fixed annuities and long-term care insurance products to the middle-income senior market through a dedicated field force of career agents and sales managers supported by a network of community-based sales offices.

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

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