10,000 Shares in CNO Financial Group, Inc. (NYSE:CNO) Acquired by Sapient Capital LLC

Sapient Capital LLC purchased a new position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,000 shares of the financial services provider's stock, valued at approximately $416,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CNO. Allspring Global Investments Holdings LLC grew its position in CNO Financial Group by 37.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 671,636 shares of the financial services provider's stock worth $24,945,000 after purchasing an additional 181,711 shares during the last quarter. Congress Asset Management Co. lifted its holdings in shares of CNO Financial Group by 5.9% during the 4th quarter. Congress Asset Management Co. now owns 157,004 shares of the financial services provider's stock worth $5,842,000 after acquiring an additional 8,689 shares during the period. Principal Securities Inc. lifted its holdings in shares of 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. Atria Wealth Solutions Inc. bought a new position in shares of CNO Financial Group during the 4th quarter worth about $214,000. Finally, Handelsbanken Fonder AB lifted its holdings in shares of CNO Financial Group by 13.7% during the 4th quarter. Handelsbanken Fonder AB now owns 25,755 shares of the financial services provider's stock worth $958,000 after acquiring an additional 3,100 shares during the period. 95.43% of the stock is currently owned by institutional investors and hedge funds.

CNO Financial Group Price Performance

Shares of NYSE:CNO traded up $0.25 during midday trading on Monday, reaching $37.13. 723,541 shares of the company's stock were exchanged, compared to its average volume of 699,253. The company's 50 day simple moving average is $38.09 and its two-hundred day simple moving average is $38.85. The firm has a market capitalization of $3.68 billion, a PE ratio of 9.93 and a beta of 0.89. CNO Financial Group, Inc. has a 12 month low of $26.59 and a 12 month high of $43.20. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $975.80 million. During the same period last year, the firm posted $0.52 EPS. The firm's quarterly revenue was down 13.2% on a year-over-year basis. Equities research analysts expect that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Increases Dividend

The company also recently declared 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 is an increase from CNO Financial Group's previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 1.83%. The ex-dividend date is Tuesday, June 10th. CNO Financial Group's dividend payout ratio (DPR) is currently 23.78%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their price objective on shares of CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. One equities research 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's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $41.00.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, insider Jeremy David Williams sold 11,300 shares of the firm's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $41.51, for a total value of $469,063.00. Following the completion of the sale, the insider now owns 65,299 shares in the company, valued at approximately $2,710,561.49. This trade represents a 14.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Yvonne K. Franzese sold 8,109 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $42.00, for a total transaction of $340,578.00. Following the completion of the sale, the insider now owns 38,540 shares of the company's stock, valued at $1,618,680. The trade was a 17.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,912 shares of company stock valued at $1,125,523 in the last ninety days. Insiders own 3.00% of the company's stock.

About CNO Financial Group

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.