Jane Street Group LLC Cuts Stake in CNO Financial Group, Inc. (NYSE:CNO)

Jane Street Group LLC lowered its stake in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 55.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,540 shares of the financial services provider's stock after selling 76,565 shares during the period. Jane Street Group LLC owned 0.06% of CNO Financial Group worth $2,253,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CNO. Schonfeld Strategic Advisors LLC purchased a new position in shares of CNO Financial Group during the 4th quarter valued at $803,000. Tudor Investment Corp ET AL bought a new stake in CNO Financial Group in the fourth quarter worth $391,000. Quarry LP lifted its stake in CNO Financial Group by 137.8% in the fourth quarter. Quarry LP now owns 1,334 shares of the financial services provider's stock worth $50,000 after purchasing an additional 773 shares during the last quarter. Aquatic Capital Management LLC lifted its stake in CNO Financial Group by 99.6% in the fourth quarter. Aquatic Capital Management LLC now owns 25,149 shares of the financial services provider's stock worth $936,000 after purchasing an additional 12,549 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in CNO Financial Group during the 4th quarter valued at about $279,000. Hedge funds and other institutional investors own 95.43% of the company's stock.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $40.10, for a total value of $1,636,080.00. Following the completion of the sale, the general counsel now directly owns 204,143 shares in the company, valued at $8,186,134.30. This trade represents a 16.66% 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, insider Scott L. Goldberg sold 25,500 shares of CNO Financial Group stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $40.11, for a total transaction of $1,022,805.00. Following the sale, the insider now owns 169,342 shares of the company's stock, valued at $6,792,307.62. The trade was 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 ninety days. 3.00% of the stock is owned by company insiders.

CNO Financial Group Trading Up 0.3%

CNO Financial Group stock traded up $0.11 during midday trading on Monday, reaching $38.78. The stock had a trading volume of 499,102 shares, compared to its average volume of 712,617. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61. CNO Financial Group, Inc. has a 52-week low of $26.36 and a 52-week high of $43.20. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 10.37 and a beta of 0.90. The company has a fifty day moving average of $39.09 and a 200 day moving average of $39.02.

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

CNO Financial Group Increases Dividend

The firm 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. This represents a $0.68 annualized dividend and a yield of 1.75%. This is a positive change from CNO Financial Group's previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, June 10th. CNO Financial Group's dividend payout ratio (DPR) is presently 23.78%.

Analysts Set New Price Targets

CNO has been the topic of several research analyst reports. BMO Capital Markets initiated coverage on shares of CNO Financial Group in a research report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 price target on the stock. 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 research note on Wednesday, April 2nd. Keefe, Bruyette & Woods increased their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a report on Wednesday, February 12th. Finally, Royal Bank of Canada raised their target price on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $41.00.

CNO Financial Group 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.