Css LLC Il Makes New $637,000 Investment in CNO Financial Group, Inc. (NYSE:CNO)

Css LLC Il acquired a new position in shares of 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 institutional investor acquired 17,114 shares of the financial services provider's stock, valued at approximately $637,000.

Several other hedge funds also recently modified their holdings of the stock. Jones Financial Companies Lllp raised its holdings in CNO Financial Group by 368.2% during the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock worth $30,000 after acquiring an additional 626 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of CNO Financial Group by 95.2% during the 4th 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. Principal Securities Inc. raised its stake 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 purchasing an additional 325 shares in the last quarter. Headlands Technologies LLC boosted its holdings in shares of CNO Financial Group by 193.2% in the 4th quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock valued at $50,000 after buying an additional 881 shares during the last quarter. Finally, Quarry LP grew its stake in shares of CNO Financial Group by 137.8% in the fourth quarter. Quarry LP now owns 1,334 shares of the financial services provider's stock valued at $50,000 after buying an additional 773 shares in the last quarter. Institutional investors own 95.43% of the company's stock.

Insider Activity at CNO Financial Group

In related news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $40.10, for a total transaction of $1,636,080.00. Following the transaction, the general counsel now directly owns 204,143 shares of the company's stock, valued at approximately $8,186,134.30. This trade represents a 16.66% 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 Yvonne K. Franzese sold 8,109 shares of CNO Financial Group stock in a transaction dated Monday, March 24th. The stock was 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. This trade represents a 17.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,712 shares of company stock worth $4,804,918 in the last ninety days. 3.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods upped their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 12th. BMO Capital Markets started coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 target price on the stock. Piper Sandler lifted 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. Finally, Royal Bank of Canada boosted their price target on CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, CNO Financial Group presently has a consensus rating of "Hold" and an average target price of $41.00.

CNO Financial Group Stock Performance

NYSE CNO opened at $37.77 on Thursday. The stock has a market cap of $3.74 billion, a PE ratio of 10.10 and a beta of 0.90. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. The firm has a 50-day moving average of $39.05 and a 200-day moving average of $39.03. 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 released its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.79 earnings per share 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 for the quarter, compared to analysts' expectations of $975.80 million. During the same period in the prior year, the firm earned $0.52 EPS. The business's revenue was down 13.2% on a year-over-year basis. On average, sell-side analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current 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 a boost from CNO Financial Group's previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Tuesday, June 10th. CNO Financial Group's dividend payout ratio (DPR) is presently 23.78%.

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.

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