FJ Capital Management LLC Sells 12,945 Shares of CNO Financial Group, Inc. $CNO

FJ Capital Management LLC trimmed its position in CNO Financial Group, Inc. (NYSE:CNO) by 24.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,063 shares of the financial services provider’s stock after selling 12,945 shares during the quarter. FJ Capital Management LLC’s holdings in CNO Financial Group were worth $1,659,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new position in CNO Financial Group in the third quarter valued at approximately $1,469,000. Lighthouse Investment Partners LLC acquired a new stake in CNO Financial Group in the third quarter valued at approximately $8,018,000. JPMorgan Chase & Co. boosted its position in CNO Financial Group by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 882,512 shares of the financial services provider’s stock valued at $34,903,000 after buying an additional 91,417 shares in the last quarter. American Century Companies Inc. boosted its position in CNO Financial Group by 3.8% in the third quarter. American Century Companies Inc. now owns 3,239,944 shares of the financial services provider’s stock valued at $128,140,000 after buying an additional 118,417 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in CNO Financial Group by 1.0% in the third quarter. Franklin Resources Inc. now owns 4,302,316 shares of the financial services provider’s stock valued at $170,157,000 after buying an additional 42,467 shares in the last quarter. 95.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CNO shares. Evercore set a $48.00 target price on shares of CNO Financial Group and gave the company an “in-line” rating in a research report on Monday, June 1st. Keefe, Bruyette & Woods raised their target price on shares of CNO Financial Group from $46.00 to $50.00 and gave the company a “market perform” rating in a research report on Tuesday, May 5th. Weiss Ratings restated a “buy (b)” rating on shares of CNO Financial Group in a research report on Monday, April 20th. Finally, Wall Street Zen lowered shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.75.

Insider Buying and Selling at CNO Financial Group

In other news, CMO Rocco F. Tarasi III sold 5,750 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $50.00, for a total transaction of $287,500.00. Following the completion of the transaction, the chief marketing officer owned 79,191 shares of the company’s stock, valued at approximately $3,959,550. This trade represents a 6.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Scott L. Goldberg sold 11,060 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $39.97, for a total transaction of $442,068.20. Following the transaction, the insider directly owned 214,524 shares of the company’s stock, valued at $8,574,524.28. The trade was a 4.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 20,118 shares of company stock valued at $891,660 in the last ninety days. Insiders own 3.44% of the company’s stock.

CNO Financial Group Stock Performance

Shares of CNO Financial Group stock opened at $50.33 on Friday. CNO Financial Group, Inc. has a fifty-two week low of $35.24 and a fifty-two week high of $50.71. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market capitalization of $4.70 billion, a P/E ratio of 20.21 and a beta of 0.81. The company’s 50 day moving average price is $45.40 and its two-hundred day moving average price is $43.07.

CNO Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This is an increase from CNO Financial Group’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 1.4%. CNO Financial Group’s payout ratio is 28.92%.

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.