Sei Investments Co. Purchases 30,916 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Sei Investments Co. boosted its position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 22.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 168,252 shares of the financial services provider's stock after purchasing an additional 30,916 shares during the quarter. Sei Investments Co. owned 0.16% of CNO Financial Group worth $6,261,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its holdings in shares of 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 period. Smartleaf Asset Management LLC grew its stake in CNO Financial Group by 95.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 417 shares during the period. Principal Securities Inc. increased its holdings in shares of CNO Financial Group by 51.6% in the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock worth $36,000 after acquiring an additional 325 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in shares of CNO Financial Group during the fourth quarter worth about $54,000. Finally, GAMMA Investing LLC lifted its holdings in shares of CNO Financial Group by 15.3% during the 4th quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider's stock valued at $85,000 after purchasing an additional 304 shares in the last quarter. Institutional investors own 95.43% of the company's stock.

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Insider Buying and Selling

In other CNO Financial Group news, insider Jeremy David Williams sold 3,393 shares of the company'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 approximately $2,364,140.23. This represents a 5.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Yvonne K. Franzese sold 2,013 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $42.18, for a total transaction of $84,908.34. Following the sale, the insider now owns 26,994 shares of the company's stock, valued at $1,138,606.92. This trade represents a 6.94 % decrease in their position. 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 ninety days. 3.00% of the stock is owned by insiders.

CNO Financial Group Stock Performance

NYSE CNO traded down $2.80 during trading on Thursday, reaching $39.57. 657,189 shares of the company's stock were exchanged, compared to its average volume of 707,112. 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 has a 50 day moving average price of $40.63 and a 200-day moving average price of $38.26. The stock has a market capitalization of $3.97 billion, a P/E ratio of 10.58 and a beta of 1.02. CNO Financial Group, Inc. has a fifty-two week low of $24.92 and a fifty-two week high of $43.20.

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

CNO Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders 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 1.62%. The ex-dividend date was Monday, March 10th. CNO Financial Group's dividend payout ratio is presently 17.11%.

Analysts Set New Price Targets

Several analysts have commented on CNO shares. BMO Capital Markets initiated coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 target price on the stock. Piper Sandler boosted their price objective 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. Royal Bank of Canada upped their target price on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Jefferies Financial Group lifted their price target on CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a research note on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods increased their price objective on CNO Financial Group from $42.00 to $44.00 and gave the stock a "market perform" rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $41.00.

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.