Millennium Management LLC Sells 395,253 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Millennium Management LLC lowered its position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 56.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 305,364 shares of the financial services provider's stock after selling 395,253 shares during the quarter. Millennium Management LLC owned 0.30% of CNO Financial Group worth $11,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of CNO Financial Group by 113.7% during the third quarter. Barclays PLC now owns 219,141 shares of the financial services provider's stock valued at $7,691,000 after acquiring an additional 116,617 shares in the last quarter. Sound Income Strategies LLC bought a new position in shares of CNO Financial Group in the fourth quarter worth about $54,000. DGS Capital Management LLC raised its stake in CNO Financial Group by 11.8% during the 4th quarter. DGS Capital Management LLC now owns 8,170 shares of the financial services provider's stock valued at $304,000 after purchasing an additional 863 shares during the period. Blue Trust Inc. increased its stake in CNO Financial Group by 7.4% in the 4th quarter. Blue Trust Inc. now owns 6,737 shares of the financial services provider's stock worth $236,000 after acquiring an additional 464 shares during the last quarter. Finally, KBC Group NV increased its stake in CNO Financial Group by 49.0% in the 4th quarter. KBC Group NV now owns 4,990 shares of the financial services provider's stock worth $186,000 after acquiring an additional 1,641 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CNO shares. Piper Sandler raised their price objective 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 upped their price objective 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. Finally, Royal Bank of Canada increased their price target on CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $41.00.

Insider Transactions at CNO Financial Group

In related news, insider Jeremy David Williams sold 3,393 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $41.77, for a total value of $141,725.61. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Scott L. Goldberg sold 25,500 shares of CNO Financial Group stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $40.02, for a total transaction of $1,020,510.00. Following the sale, the insider now directly owns 169,342 shares in the company, valued at $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. In the last three months, insiders sold 77,912 shares of company stock valued at $3,168,838. Company insiders own 3.00% of the company's stock.

CNO Financial Group Stock Performance

Shares of CNO traded up $1.03 during mid-day trading on Tuesday, hitting $38.17. The stock had a trading volume of 612,760 shares, compared to its average volume of 714,155. 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's fifty day simple moving average is $38.81 and its two-hundred day simple moving average is $39.04. CNO Financial Group, Inc. has a fifty-two week low of $26.36 and a fifty-two week high of $43.20. The company has a market cap of $3.78 billion, a PE ratio of 10.21 and a beta of 0.90.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its earnings results on Monday, April 28th. The financial services provider reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $975.80 million. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. The business's revenue for the quarter was down 13.2% on a year-over-year basis. During the same period last year, the company posted $0.52 earnings per share. On average, equities 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. Stockholders 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 dividend yield of 1.78%. The ex-dividend date of this dividend is Tuesday, June 10th. This is a positive change from CNO Financial Group's previous quarterly dividend of $0.16. CNO Financial Group's dividend payout ratio (DPR) is presently 23.78%.

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.