Three Seasons Wealth LLC Takes Position in CNO Financial Group, Inc. (NYSE:CNO)

Three Seasons Wealth LLC acquired a new position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,809 shares of the financial services provider's stock, valued at approximately $477,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Principal Securities Inc. boosted its stake 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 worth $36,000 after buying an additional 325 shares during the last quarter. Pacer Advisors Inc. increased its position in CNO Financial Group by 58.7% during the fourth quarter. Pacer Advisors Inc. now owns 24,580 shares of the financial services provider's stock worth $915,000 after buying an additional 9,096 shares during the last quarter. Blue Trust Inc. raised 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 period. KBC Group NV boosted its holdings in shares of CNO Financial Group by 49.0% during the 4th quarter. KBC Group NV now owns 4,990 shares of the financial services provider's stock worth $186,000 after buying an additional 1,641 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in CNO Financial Group in the 4th quarter valued at about $903,000. Institutional investors own 95.43% of the company's stock.

CNO Financial Group Price Performance

NYSE:CNO traded down $0.16 during mid-day trading on Friday, reaching $39.60. The stock had a trading volume of 451,280 shares, compared to its average volume of 706,166. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. CNO Financial Group, Inc. has a 12 month low of $25.75 and a 12 month high of $43.20. The stock has a market capitalization of $3.97 billion, a PE ratio of 10.59 and a beta of 0.90. The stock has a 50-day simple moving average of $39.76 and a two-hundred day simple moving average of $38.71.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share 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%. On average, equities analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Monday, March 10th. CNO Financial Group's payout ratio is 17.11%.

Analyst Ratings Changes

CNO has been the topic of several research reports. Piper Sandler upped their target price on CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. 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. Keefe, Bruyette & Woods boosted 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 report on Wednesday, February 12th. Finally, BMO Capital Markets assumed coverage on shares of CNO Financial Group in a research report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $41.00.

Insider Transactions 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 that occurred on Wednesday, February 19th. The shares were sold at an average price of $41.49, for a total transaction of $1,692,792.00. Following the transaction, the general counsel now directly owns 244,943 shares of the company's stock, valued at approximately $10,162,685.07. This trade represents a 14.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeremy David Williams sold 3,393 shares of the company'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 sale, the insider now directly owns 56,599 shares of the company's stock, valued at $2,364,140.23. This trade represents a 5.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 159,512 shares of company stock valued at $6,497,710 in the last quarter. Insiders own 3.00% of the company's stock.

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.