24,078 Shares in CNO Financial Group, Inc. (NYSE:CNO) Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 24,078 shares of the financial services provider's stock, valued at approximately $896,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Barclays PLC raised its holdings in CNO Financial Group by 113.7% during the third quarter. Barclays PLC now owns 219,141 shares of the financial services provider's stock worth $7,691,000 after purchasing an additional 116,617 shares during the last quarter. Uncommon Cents Investing LLC raised its stake in shares of CNO Financial Group by 3.1% during the 4th quarter. Uncommon Cents Investing LLC now owns 21,235 shares of the financial services provider's stock worth $790,000 after buying an additional 640 shares during the last quarter. Sound Income Strategies LLC acquired a new position in shares of CNO Financial Group during the 4th quarter worth $54,000. DGS Capital Management LLC boosted its position in shares of CNO Financial Group by 11.8% in the 4th quarter. DGS Capital Management LLC now owns 8,170 shares of the financial services provider's stock worth $304,000 after buying an additional 863 shares in the last quarter. Finally, Blue Trust Inc. grew 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 valued at $236,000 after acquiring an additional 464 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on CNO. Piper Sandler increased their price target on shares of CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. BMO Capital Markets initiated coverage on CNO Financial Group in a research report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 price target for the company. 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 report on Monday, February 10th. Finally, Keefe, Bruyette & Woods increased their price objective on CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, CNO Financial Group has a consensus rating of "Hold" and a consensus price target of $41.00.

CNO Financial Group Trading Up 0.3%

CNO stock traded up $0.11 during trading on Monday, reaching $38.78. 499,102 shares of the stock traded hands, compared to its average volume of 712,617. The firm has a market capitalization of $3.84 billion, a PE ratio of 10.37 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 business's 50 day moving average price is $39.09 and its 200-day moving average price is $39.02. 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 issued 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. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $975.80 million. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. The company's revenue for the quarter was down 13.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS. As a group, sell-side analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be given a $0.17 dividend. This is an increase from CNO Financial Group's previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, June 10th. This represents a $0.68 annualized dividend and a dividend yield of 1.75%. CNO Financial Group's dividend payout ratio is presently 23.78%.

Insiders Place Their Bets

In other CNO Financial Group news, insider Scott L. Goldberg sold 25,500 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $40.11, for a total transaction of $1,022,805.00. Following the transaction, the insider now directly owns 169,342 shares in the company, valued at $6,792,307.62. This represents a 13.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeremy David Williams sold 3,393 shares of the firm's 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 transaction, the insider now directly owns 56,599 shares of the company's stock, valued at approximately $2,364,140.23. This represents a 5.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 159,512 shares of company stock worth $6,497,710 in the last 90 days. 3.00% of the stock is owned by company insiders.

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.