Tudor Investment Corp ET AL Purchases Shares of 10,516 CNO Financial Group, Inc. (NYSE:CNO)

Tudor Investment Corp ET AL bought a new stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,516 shares of the financial services provider's stock, valued at approximately $391,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp grew its stake in 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 valued at $30,000 after buying an additional 626 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in 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 valued at $32,000 after buying an additional 417 shares during the last quarter. Principal Securities Inc. grew its stake in CNO Financial Group by 51.6% in 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 during the last quarter. Quarry LP grew its stake in CNO Financial Group by 137.8% in the 4th quarter. Quarry LP now owns 1,334 shares of the financial services provider's stock valued at $50,000 after buying an additional 773 shares during the last quarter. Finally, Headlands Technologies LLC grew its stake in CNO Financial Group by 193.2% in the 4th quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock valued at $50,000 after buying an additional 881 shares during the last quarter. 95.43% of the stock is owned by institutional investors.

Insider Transactions at CNO Financial Group

In related news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $41.49, for a total value of $1,692,792.00. Following the transaction, the general counsel now owns 244,943 shares in the company, valued at $10,162,685.07. The trade was a 14.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeremy David Williams sold 3,393 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $41.77, for a total transaction of $141,725.61. Following the completion of the transaction, the insider now owns 56,599 shares in the company, valued at approximately $2,364,140.23. The trade was a 5.66% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 159,512 shares of company stock worth $6,497,710. Company insiders own 3.00% of the company's stock.

CNO Financial Group Price Performance

Shares of NYSE:CNO traded up $0.79 during trading on Monday, hitting $38.58. 767,974 shares of the company were exchanged, compared to its average volume of 711,990. The business's 50 day moving average is $39.14 and its 200-day moving average is $38.91. The company has a market capitalization of $3.82 billion, a P/E ratio of 10.32 and a beta of 0.90. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61. CNO Financial Group, Inc. has a 1-year low of $26.36 and a 1-year high of $43.20.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its quarterly 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 company had revenue of $1 billion during the quarter, compared to the consensus estimate of $975.80 million. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. The company's revenue for the quarter was down 13.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 earnings per share. Equities analysts forecast that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders 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%. 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%.

Analyst Upgrades and Downgrades

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

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.