SG Americas Securities LLC Acquires Shares of 19,361 CNO Financial Group, Inc. (NYSE:CNO)

SG Americas Securities LLC acquired a new position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 19,361 shares of the financial services provider's stock, valued at approximately $806,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CNO. Principal Securities Inc. lifted its position 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 valued at $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. Handelsbanken Fonder AB increased its position in CNO Financial Group by 13.7% in the 4th quarter. Handelsbanken Fonder AB now owns 25,755 shares of the financial services provider's stock valued at $958,000 after buying an additional 3,100 shares in the last quarter. Allianz Asset Management GmbH raised its stake in CNO Financial Group by 1.3% during the 4th quarter. Allianz Asset Management GmbH now owns 848,407 shares of the financial services provider's stock worth $31,569,000 after buying an additional 10,846 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in CNO Financial Group in the fourth quarter worth approximately $509,000. 95.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their price objective on shares of CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, CNO Financial Group has a consensus rating of "Hold" and an average target price of $41.00.

CNO Financial Group Stock Up 1.0%

Shares of NYSE:CNO traded up $0.38 during mid-day trading on Friday, hitting $37.44. 2,248,601 shares of the company traded hands, compared to its average volume of 706,711. The stock has a 50-day moving average price of $37.99 and a two-hundred day moving average price of $38.81. CNO Financial Group, Inc. has a 12-month low of $27.06 and a 12-month high of $43.20. The stock has a market cap of $3.71 billion, a P/E ratio of 13.09 and a beta of 0.89. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.59.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its quarterly earnings data 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 return on equity of 17.86% and a net margin of 7.11%. The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $975.80 million. During the same period last year, the business earned $0.52 EPS. The business's revenue was down 13.2% on a year-over-year basis. On average, equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be given a dividend of $0.17 per share. This is a positive change 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 1.82%. The ex-dividend date is Tuesday, June 10th. CNO Financial Group's dividend payout ratio (DPR) is presently 23.78%.

Insider Buying and Selling

In related news, insider Jeremy David Williams sold 3,393 shares of CNO Financial Group stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $41.77, for a total transaction of $141,725.61. Following the sale, the insider now directly owns 56,599 shares in the company, valued at approximately $2,364,140.23. This trade represents a 5.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Yvonne K. Franzese sold 2,097 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $42.56, for a total value of $89,248.32. Following the completion of the transaction, the insider now owns 30,321 shares of the company's stock, valued at $1,290,461.76. This trade represents a 6.47% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,912 shares of company stock worth $1,125,523. 3.00% of the stock is owned by 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.