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

Russell Investments Group Ltd. trimmed its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 39.9% during the 4th 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 period. Russell Investments Group Ltd. owned approximately 0.10% of CNO Financial Group worth $4,010,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp raised its position in shares of CNO Financial Group by 368.2% during 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 in the last quarter. Smartleaf Asset Management LLC lifted its stake in CNO Financial Group by 95.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock worth $32,000 after purchasing an additional 417 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of CNO Financial Group by 51.6% in the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock worth $36,000 after purchasing an additional 325 shares in the last quarter. Headlands Technologies LLC increased its position 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 purchasing an additional 881 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new position in shares of CNO Financial Group during the 4th quarter valued at about $54,000. 95.43% of the stock is owned by hedge funds and other institutional investors.

CNO Financial Group Stock Up 0.6 %

NYSE:CNO traded up $0.21 during trading hours on Friday, reaching $38.29. 602,211 shares of the company traded hands, compared to its average volume of 710,114. CNO Financial Group, Inc. has a 1 year low of $25.73 and a 1 year high of $43.20. The stock has a market capitalization of $3.84 billion, a P/E ratio of 10.24 and a beta of 0.90. The business's 50-day moving average price is $40.01 and its two-hundred day moving average price is $38.50. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, topping 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%. Analysts predict that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 1.67%. The ex-dividend date was Monday, March 10th. CNO Financial Group's dividend payout ratio is 17.11%.

Insiders Place Their Bets

In related news, insider Jeremy David Williams sold 3,393 shares of CNO Financial Group stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $41.77, for a total transaction of $141,725.61. Following the sale, the insider now owns 56,599 shares of the company's stock, valued at approximately $2,364,140.23. This trade represents a 5.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Yvonne K. Franzese sold 2,097 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $42.56, for a total transaction of $89,248.32. Following the sale, the insider now directly owns 30,321 shares of the company's stock, 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. In 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.

Analysts Set New Price Targets

Several research analysts have commented on CNO shares. Royal Bank of Canada lifted their price target 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. Piper Sandler upped their price target 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, April 2nd. Keefe, Bruyette & Woods lifted 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. Finally, BMO Capital Markets started coverage on CNO Financial Group in a report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average 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.