Russell Investments Group Ltd. Has $6.63 Million Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Russell Investments Group Ltd. lowered its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 22.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 237,541 shares of the financial services provider’s stock after selling 69,361 shares during the quarter. Russell Investments Group Ltd.’s holdings in CNO Financial Group were worth $6,628,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Daiwa Securities Group Inc. bought a new stake in CNO Financial Group in the 4th quarter valued at about $50,000. Assetmark Inc. boosted its holdings in CNO Financial Group by 18.0% in the third quarter. Assetmark Inc. now owns 4,166 shares of the financial services provider’s stock worth $99,000 after acquiring an additional 634 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in CNO Financial Group by 23.2% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,438 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 835 shares during the period. Everhart Financial Group Inc. increased its holdings in shares of CNO Financial Group by 8.8% during the fourth quarter. Everhart Financial Group Inc. now owns 11,874 shares of the financial services provider’s stock valued at $331,000 after acquiring an additional 963 shares in the last quarter. Finally, Great Lakes Advisors LLC raised its position in shares of CNO Financial Group by 17.2% during the third quarter. Great Lakes Advisors LLC now owns 15,569 shares of the financial services provider’s stock worth $369,000 after purchasing an additional 2,290 shares during the period. Institutional investors own 95.43% of the company’s stock.

CNO Financial Group Stock Performance

NYSE CNO opened at $27.64 on Thursday. The company has a fifty day moving average price of $26.67 and a 200-day moving average price of $26.47. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 8.06 and a beta of 1.03. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.18 and a quick ratio of 0.19. CNO Financial Group, Inc. has a 1 year low of $20.78 and a 1 year high of $28.39.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Monday, April 29th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.12). CNO Financial Group had a return on equity of 16.77% and a net margin of 9.07%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $935.76 million. During the same period in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. As a group, equities research analysts predict that CNO Financial Group, Inc. will post 3.1 EPS for the current fiscal year.

CNO Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.32%. This is an increase from CNO Financial Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, June 10th. CNO Financial Group’s dividend payout ratio (DPR) is presently 17.49%.

Insider Buying and Selling

In other CNO Financial Group news, CEO Gary C. Bhojwani sold 16,837 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $27.00, for a total value of $454,599.00. Following the completion of the transaction, the chief executive officer now owns 406,808 shares in the company, valued at approximately $10,983,816. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CNO Financial Group news, CEO Gary C. Bhojwani sold 16,837 shares of CNO Financial Group stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $27.00, for a total value of $454,599.00. Following the sale, the chief executive officer now owns 406,808 shares of the company’s stock, valued at $10,983,816. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gary C. Bhojwani sold 18,692 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $27.52, for a total transaction of $514,403.84. Following the completion of the transaction, the chief executive officer now owns 314,002 shares in the company, valued at $8,641,335.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,590 shares of company stock worth $4,116,255. 3.21% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CNO has been the topic of a number of recent research reports. Royal Bank of Canada increased their target price on CNO Financial Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. StockNews.com cut shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Evercore ISI upped their target price on shares of CNO Financial Group from $26.00 to $27.00 and gave the stock an “underperform” rating in a report on Wednesday, February 28th. Finally, Piper Sandler raised shares of CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 price target on the stock in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, CNO Financial Group currently has a consensus rating of “Hold” and a consensus target price of $27.50.

About CNO Financial Group

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.