Caxton Associates LP Sells 7,649 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Caxton Associates LP decreased its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 31.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,612 shares of the financial services provider's stock after selling 7,649 shares during the period. Caxton Associates LP's holdings in CNO Financial Group were worth $618,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CNO. GAMMA Investing LLC increased its position in shares of CNO Financial Group by 15.3% in the 4th quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider's stock worth $85,000 after purchasing an additional 304 shares during the last quarter. Principal Securities Inc. boosted its position in CNO Financial Group by 51.6% during the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock worth $36,000 after acquiring an additional 325 shares during the period. Mariner LLC increased its stake in shares of CNO Financial Group by 6.7% in the fourth quarter. Mariner LLC now owns 6,116 shares of the financial services provider's stock worth $228,000 after acquiring an additional 385 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of CNO Financial Group by 5.3% in the 4th quarter. HighTower Advisors LLC now owns 7,873 shares of the financial services provider's stock valued at $293,000 after buying an additional 394 shares in the last quarter. Finally, Corient Private Wealth LLC increased its position in CNO Financial Group by 2.6% during the fourth quarter. Corient Private Wealth LLC now owns 15,634 shares of the financial services provider's stock worth $582,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

CNO Financial Group Price Performance

CNO Financial Group stock traded up $0.74 during mid-day trading on Monday, hitting $38.53. 141,077 shares of the company were exchanged, compared to its average volume of 709,531. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $3.82 billion, a PE ratio of 10.30 and a beta of 0.90. CNO Financial Group, Inc. has a 1-year low of $26.36 and a 1-year high of $43.20. The business has a fifty day moving average of $39.18 and a 200 day moving average of $38.88.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its earnings results on Monday, April 28th. The financial services provider reported $0.79 earnings per share (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 company had revenue of $1 billion for the quarter, compared to the consensus estimate of $975.80 million. During the same period in the prior year, the company posted $0.52 EPS. The company's revenue was down 13.2% compared to the same quarter last year. As a group, sell-side analysts expect that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.68 dividend on an annualized basis and a yield of 1.76%. This is a boost from CNO Financial Group's previous quarterly dividend of $0.16. CNO Financial Group's payout ratio is currently 23.78%.

Insider Transactions at CNO Financial Group

In related news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $41.49, for a total value of $1,692,792.00. Following the completion of the transaction, the general counsel now directly owns 244,943 shares of the company's stock, valued at approximately $10,162,685.07. This represents a 14.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Scott L. Goldberg sold 25,500 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $40.02, for a total value of $1,020,510.00. Following the completion of the sale, the insider now owns 169,342 shares in the company, valued at approximately $6,777,066.84. This trade represents a 13.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 159,512 shares of company stock valued at $6,497,710 over the last three months. 3.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CNO has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on 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 upped their price target on CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. BMO Capital Markets began coverage on shares of CNO Financial Group in a research note on Thursday, January 23rd. They set a "market perform" rating and a $38.00 target price for the company. Finally, Royal Bank of Canada increased their target price on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $41.00.

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.