Susquehanna Fundamental Investments LLC Buys Shares of 7,500 CNO Financial Group, Inc. (NYSE:CNO)

Susquehanna Fundamental Investments LLC purchased a new position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,500 shares of the financial services provider's stock, valued at approximately $279,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its position in shares of 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 worth $30,000 after acquiring an additional 626 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings 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 purchasing an additional 417 shares during the last quarter. Principal Securities Inc. grew its position in shares of CNO Financial Group by 51.6% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 325 shares in the last quarter. Headlands Technologies LLC grew its position in shares of CNO Financial Group by 193.2% during the fourth quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock valued at $50,000 after purchasing an additional 881 shares in the last quarter. Finally, Sound Income Strategies LLC bought a new stake in shares of CNO Financial Group in the fourth quarter worth about $54,000. 95.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Royal Bank of Canada increased 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. BMO Capital Markets began coverage on CNO Financial Group in a research report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 target price for the company. Piper Sandler boosted their price target on shares of CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods increased their price objective 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 issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, CNO Financial Group presently has an average rating of "Hold" and an average price target of $41.00.

Insider Activity

In other CNO Financial Group news, insider Jeremy David Williams sold 3,393 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were 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 of the company's stock, valued at $2,364,140.23. The trade was a 5.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Yvonne K. Franzese sold 2,097 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now directly owns 30,321 shares in the company, valued at approximately $1,290,461.76. This trade represents a 6.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 159,512 shares of company stock valued at $6,497,710. 3.00% of the stock is currently owned by insiders.

CNO Financial Group Trading Up 0.1 %

CNO traded up $0.03 during trading on Friday, reaching $37.72. The company had a trading volume of 738,298 shares, compared to its average volume of 711,766. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61. The business has a 50 day simple moving average of $39.18 and a 200-day simple moving average of $38.85. The stock has a market cap of $3.74 billion, a P/E ratio of 10.09 and a beta of 0.90. 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 released its earnings results on Monday, April 28th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $975.80 million. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. The business's revenue was down 13.2% on a year-over-year basis. During the same quarter last year, the business earned $0.52 EPS. On average, equities analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Increases Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend 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%.

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.