SG Americas Securities LLC Invests $806,000 in CNO Financial Group, Inc. (NYSE:CNO)

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

Several other hedge funds also recently made changes to their positions in CNO. Jones Financial Companies Lllp grew its position in shares of CNO Financial Group by 368.2% in the 4th 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 grew its position in shares of CNO Financial Group by 95.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock worth $32,000 after acquiring an additional 417 shares in the last quarter. Principal Securities Inc. grew its position in shares of CNO Financial Group by 51.6% in 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 in the last quarter. UMB Bank n.a. grew its position in shares of CNO Financial Group by 89.7% in the 1st quarter. UMB Bank n.a. now owns 1,009 shares of the financial services provider's stock worth $42,000 after acquiring an additional 477 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in shares of CNO Financial Group by 148.6% in the 1st quarter. Versant Capital Management Inc now owns 1,099 shares of the financial services provider's stock worth $46,000 after acquiring an additional 657 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

Insiders Place Their Bets

In other CNO Financial Group news, insider Yvonne K. Franzese sold 2,097 shares of the business's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $42.56, for a total transaction of $89,248.32. Following the completion of the transaction, the insider now owns 30,321 shares in the company, valued at approximately $1,290,461.76. The trade was a 6.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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. This represents a 5.66% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,803 shares of company stock worth $784,945. 3.38% of the stock is owned by company insiders.

CNO Financial Group Stock Performance

NYSE:CNO traded up $0.67 during midday trading on Monday, reaching $38.18. 667,155 shares of the company traded hands, compared to its average volume of 704,645. CNO Financial Group, Inc. has a twelve month low of $27.24 and a twelve month high of $43.20. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 13.35 and a beta of 0.89. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.18 and a quick ratio of 0.18. The company has a fifty day moving average price of $38.01 and a 200 day moving average price of $38.78.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $975.80 million. During the same quarter in the previous year, the firm posted $0.52 EPS. The business's revenue for the quarter was down 13.2% compared to the same quarter last year. On average, analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Tuesday, June 10th. This is a positive change from CNO Financial Group's previous quarterly dividend of $0.16. CNO Financial Group's payout ratio is 23.78%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler boosted their price objective on CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a research 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $41.00.

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.