Russell Investments Group Ltd. Trims Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Russell Investments Group Ltd. decreased its holdings in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 39.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,772 shares of the financial services provider's stock after selling 71,517 shares during the quarter. Russell Investments Group Ltd. owned 0.10% of CNO Financial Group worth $4,010,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its position in CNO Financial Group by 368.2% during the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 626 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of CNO Financial Group by 95.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock valued at $32,000 after buying an additional 417 shares in the last quarter. 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 buying an additional 325 shares in the last quarter. Headlands Technologies LLC grew its stake in shares of CNO Financial Group by 193.2% during the 4th quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock valued at $50,000 after acquiring an additional 881 shares during the period. Finally, Sound Income Strategies LLC purchased a new stake in CNO Financial Group in the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 95.43% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on CNO shares. Piper Sandler increased their price objective on shares of 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 raised their price target on CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a report on Wednesday, February 12th. Royal Bank of Canada upped their price objective on CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Finally, BMO Capital Markets began coverage on CNO Financial Group in a report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $41.00.

Insider Buying and Selling

In related news, 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 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 trade represents a 5.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott L. Goldberg sold 25,500 shares of the business's stock in a transaction 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 transaction, the insider now owns 169,342 shares in the company, valued at $6,777,066.84. This trade represents a 13.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 159,512 shares of company stock worth $6,497,710. Corporate insiders own 3.00% of the company's stock.

CNO Financial Group Price Performance

NYSE:CNO traded down $1.14 during trading hours on Monday, reaching $37.14. The stock had a trading volume of 471,911 shares, compared to its average volume of 708,681. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. The stock has a market capitalization of $3.72 billion, a PE ratio of 9.93 and a beta of 0.90. CNO Financial Group, Inc. has a 52 week low of $25.75 and a 52 week high of $43.20. The company has a 50 day moving average price of $39.94 and a two-hundred day moving average price of $38.57.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. As a group, sell-side analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Monday, March 10th. CNO Financial Group's payout ratio is 17.11%.

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.