17,114 Shares in CNO Financial Group, Inc. (NYSE:CNO) Purchased by Css LLC Il

CSS LLC IL purchased a new stake in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 17,114 shares of the financial services provider's stock, valued at approximately $637,000.

Other institutional investors have also recently bought and sold shares of the company. Principal Securities Inc. increased its position in shares of CNO Financial Group by 51.6% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock worth $36,000 after acquiring an additional 325 shares in the last quarter. Mariner LLC boosted its stake in CNO Financial Group by 6.7% during the 4th quarter. Mariner LLC now owns 6,116 shares of the financial services provider's stock valued at $228,000 after purchasing an additional 385 shares during the last quarter. HighTower Advisors LLC increased its holdings in CNO Financial Group by 5.3% during the 4th quarter. HighTower Advisors LLC now owns 7,873 shares of the financial services provider's stock worth $293,000 after purchasing an additional 394 shares in the last quarter. Corient Private Wealth LLC increased its holdings in CNO Financial Group by 2.6% during the 4th quarter. Corient Private Wealth LLC now owns 15,634 shares of the financial services provider's stock worth $582,000 after purchasing an additional 400 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised 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 purchasing an additional 417 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CNO. Royal Bank of Canada lifted their target price on CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Piper Sandler lifted 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. Finally, Keefe, Bruyette & Woods upped 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. 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $41.00.

CNO Financial Group Stock Performance

Shares of CNO stock traded up $0.80 during trading on Tuesday, hitting $37.94. The company's stock had a trading volume of 123,158 shares, compared to its average volume of 712,232. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61. The company has a market cap of $3.76 billion, a PE ratio of 10.14 and a beta of 0.90. The business has a fifty day moving average of $38.81 and a 200-day moving average of $39.04. CNO Financial Group, Inc. has a 52 week low of $26.36 and a 52 week high of $43.20.

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 the consensus estimate of $0.79. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. The business 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 firm earned $0.52 earnings per share. The business's revenue was down 13.2% on a year-over-year basis. As a group, research analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Increases Dividend

The business 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 $0.17 dividend. This is an increase from CNO Financial Group's previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Tuesday, June 10th. CNO Financial Group's payout ratio is 23.78%.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, insider Jeremy David Williams sold 3,393 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $41.77, for a total value of $141,725.61. Following the transaction, the insider now directly owns 56,599 shares in the company, valued at $2,364,140.23. The trade was a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott L. Goldberg sold 25,500 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $40.02, for a total transaction of $1,020,510.00. Following the sale, the insider now owns 169,342 shares of the company's stock, valued at approximately $6,777,066.84. The trade was a 13.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,912 shares of company stock worth $3,168,838. 3.00% of the stock is owned by company insiders.

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.