Three Seasons Wealth LLC Purchases New Position in CNO Financial Group, Inc. (NYSE:CNO)

Three Seasons Wealth LLC acquired a new position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,809 shares of the financial services provider's stock, valued at approximately $477,000.

A number of other hedge funds have also recently made changes to their positions in the business. Jones Financial Companies Lllp increased its stake in shares of CNO Financial Group by 368.2% in the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock worth $30,000 after buying an additional 626 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of CNO Financial Group by 95.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock worth $32,000 after buying an additional 417 shares during the period. Principal Securities Inc. increased its stake in shares of CNO Financial Group by 51.6% in the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock worth $36,000 after buying an additional 325 shares during the period. Headlands Technologies LLC increased its stake in shares of CNO Financial Group by 193.2% in the fourth quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock worth $50,000 after buying an additional 881 shares during the period. Finally, Sound Income Strategies LLC purchased a new position in shares of CNO Financial Group in the fourth quarter worth $54,000. 95.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. BMO Capital Markets assumed coverage on shares of CNO Financial Group in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 target price on the stock. Keefe, Bruyette & Woods lifted their target price on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 12th. Piper Sandler boosted their price objective on shares of CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. Finally, Royal Bank of Canada boosted their price objective on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $41.00.

CNO Financial Group Trading Down 1.7 %

CNO Financial Group stock traded down $0.63 during mid-day trading on Wednesday, reaching $37.38. 321,130 shares of the company traded hands, compared to its average volume of 707,813. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. The firm's 50 day moving average price is $39.68 and its 200 day moving average price is $38.74. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 9.99 and a beta of 0.90. CNO Financial Group, Inc. has a 52-week low of $25.75 and a 52-week high of $43.20.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its earnings results on Monday, April 28th. The financial services provider reported $0.79 EPS for the quarter, meeting analysts' consensus estimates of $0.79. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. The firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $975.80 million. During the same quarter in the previous year, the business posted $0.52 EPS. The company's quarterly revenue was down 13.2% on a year-over-year basis. On average, analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Monday, March 10th. CNO Financial Group's dividend payout ratio (DPR) is presently 22.38%.

Insider Activity

In related news, insider Jeremy David Williams sold 3,393 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $41.77, for a total transaction of $141,725.61. Following the completion of the sale, the insider now owns 56,599 shares of the company's stock, valued at $2,364,140.23. This trade represents a 5.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $41.49, for a total transaction of $1,692,792.00. Following the sale, the general counsel now directly owns 244,943 shares of the company's stock, valued at $10,162,685.07. This trade represents a 14.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 159,512 shares of company stock worth $6,497,710. Corporate insiders own 3.38% of the company's stock.

CNO Financial Group Company Profile

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.