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

FJ Capital Management LLC reduced its stake in CNO Financial Group, Inc. (NYSE:CNO) by 24.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 large investors have also recently bought and sold shares of the company. Optiver Holding B.V. raised its holdings in CNO Financial Group by 90.1% in the 3rd quarter. Optiver Holding B.V. now owns 637 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 302 shares during the period. Smartleaf Asset Management LLC raised its holdings in CNO Financial Group by 353.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 743 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 579 shares during the period. Richardson Financial Services Inc. bought a new position in CNO Financial Group in the 4th quarter valued at about $37,000. EverSource Wealth Advisors LLC raised its holdings in CNO Financial Group by 123.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,176 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 649 shares during the period. Finally, Osaic Holdings Inc. raised its holdings in CNO Financial Group by 39.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,194 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 336 shares during the period. 95.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

CNO Financial Group Stock Up 0.7%

Shares of CNO opened at $50.33 on Friday. CNO Financial Group, Inc. has a 12 month low of $35.24 and a 12 month high of $50.71. The firm’s 50 day moving average is $45.40 and its 200-day moving average is $43.07. The stock has a market capitalization of $4.70 billion, a PE ratio of 20.21 and a beta of 0.81. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.61.

CNO Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.18 per share. This is a boost 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%. The ex-dividend date of this dividend is Wednesday, June 10th. CNO Financial Group’s payout ratio is 28.92%.

Insider Activity at CNO Financial Group

In other news, insider Scott L. Goldberg sold 11,060 shares of the firm’s stock in a transaction that occurred 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 approximately $8,574,524.28. This trade represents a 4.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Rocco F. Tarasi III sold 5,750 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $50.00, for a total transaction of $287,500.00. Following the sale, the chief marketing officer owned 79,191 shares in the company, valued at $3,959,550. This represents a 6.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 20,118 shares of company stock worth $891,660 over the last ninety days. Insiders own 3.44% of the company’s stock.

CNO Financial Group Profile

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.