Interval Partners LP Has $1.21 Million Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Interval Partners LP trimmed its position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 45.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 32,487 shares of the financial services provider's stock after selling 26,580 shares during the period. Interval Partners LP's holdings in CNO Financial Group were worth $1,209,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Jefferies Financial Group Inc. acquired a new stake in shares of CNO Financial Group during the 4th quarter worth approximately $896,000. Ethic Inc. bought a new position in CNO Financial Group in the fourth quarter valued at approximately $265,000. FJ Capital Management LLC acquired a new stake in CNO Financial Group during the 4th quarter worth $933,000. Deutsche Bank AG grew its holdings in CNO Financial Group by 36.8% during the 4th quarter. Deutsche Bank AG now owns 111,498 shares of the financial services provider's stock worth $4,149,000 after acquiring an additional 29,972 shares during the period. Finally, Corton Capital Inc. bought a new stake in shares of CNO Financial Group during the 4th quarter valued at $225,000. 95.43% of the stock is owned by institutional investors and hedge funds.

CNO Financial Group Trading Down 0.2%

Shares of CNO Financial Group stock traded down $0.06 during trading hours on Friday, hitting $38.69. The company's stock had a trading volume of 612,341 shares, compared to its average volume of 711,998. The company has a market capitalization of $3.84 billion, a PE ratio of 10.34 and a beta of 0.90. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. The stock has a 50 day moving average of $39.10 and a 200 day moving average of $38.93. CNO Financial Group, Inc. has a 12 month low of $26.36 and a 12 month high of $43.20.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its earnings results on Monday, April 28th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $975.80 million. During the same period in the prior year, the business earned $0.52 EPS. CNO Financial Group's revenue for the quarter was down 13.2% compared to the same quarter last year. Analysts predict 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 disclosed 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 represents a $0.68 dividend on an annualized basis and a dividend yield of 1.76%. This is a positive change from CNO Financial Group's previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, June 10th. CNO Financial Group's dividend payout ratio (DPR) is presently 23.78%.

Analyst Ratings Changes

Several research analysts have recently issued reports on CNO shares. Piper Sandler raised their price target on CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. BMO Capital Markets began coverage on CNO Financial Group in a report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 target price on the stock. Royal Bank of Canada upped their price target on CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Finally, Keefe, Bruyette & Woods increased their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a research report 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 stock. Based on data from MarketBeat, CNO Financial Group currently has an average rating of "Hold" and a consensus price target of $41.00.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, General Counsel Matthew J. Zimpfer sold 40,800 shares of CNO Financial Group stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $40.10, for a total value of $1,636,080.00. Following the sale, the general counsel now owns 204,143 shares of the company's stock, valued at $8,186,134.30. This trade represents a 16.66% 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 the company's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $40.02, for a total value of $1,020,510.00. Following the transaction, the insider now directly owns 169,342 shares of the company's stock, valued at $6,777,066.84. This represents a 13.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 159,512 shares of company stock valued at $6,497,710. 3.00% of the stock is owned by corporate insiders.

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.