Mercer Global Advisors Inc. ADV Has $1.18 Million Position in CNO Financial Group, Inc. (NYSE:CNO)

Mercer Global Advisors Inc. ADV boosted its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO – Get Rating) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,773 shares of the financial services provider’s stock after buying an additional 1,548 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in CNO Financial Group were worth $1,183,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Raymond James & Associates boosted its stake in CNO Financial Group by 79.4% during the fourth quarter. Raymond James & Associates now owns 97,109 shares of the financial services provider’s stock worth $2,219,000 after buying an additional 42,976 shares in the last quarter. UBS Group AG boosted its stake in shares of CNO Financial Group by 596.2% in the 4th quarter. UBS Group AG now owns 21,520 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 18,429 shares in the last quarter. Swiss National Bank boosted its stake in shares of CNO Financial Group by 0.5% in the 4th quarter. Swiss National Bank now owns 276,200 shares of the financial services provider’s stock valued at $6,311,000 after purchasing an additional 1,400 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of CNO Financial Group by 2.5% in the 4th quarter. Arizona State Retirement System now owns 32,280 shares of the financial services provider’s stock valued at $738,000 after purchasing an additional 787 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of CNO Financial Group by 42.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 126,462 shares of the financial services provider’s stock valued at $2,890,000 after purchasing an additional 37,666 shares in the last quarter. Institutional investors and hedge funds own 96.15% of the company’s stock.

CNO Financial Group Stock Performance

CNO Financial Group stock opened at $22.44 on Friday. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 9.23 and a beta of 1.12. CNO Financial Group, Inc. has a 12-month low of $16.56 and a 12-month high of $26.35. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.47. The stock has a 50-day simple moving average of $21.77 and a 200 day simple moving average of $22.96.

CNO Financial Group (NYSE:CNO – Get Rating) last announced its quarterly earnings data on Monday, May 1st. The financial services provider reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.14). The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $926.00 million. CNO Financial Group had a return on equity of 16.21% and a net margin of 7.59%. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 earnings per share. On average, research analysts anticipate that CNO Financial Group, Inc. will post 2.78 earnings per share for the current fiscal year.

CNO Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 9th will be issued a dividend of $0.15 per share. This is a boost from CNO Financial Group’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 2.67%. The ex-dividend date is Thursday, June 8th. CNO Financial Group’s payout ratio is currently 23.05%.

Wall Street Analyst Weigh In

CNO has been the topic of several recent analyst reports. Royal Bank of Canada boosted their target price on shares of CNO Financial Group from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, February 9th. StockNews.com initiated coverage on shares of CNO Financial Group in a research note on Thursday. They issued a “hold” rating on the stock. Piper Sandler reduced their target price on shares of CNO Financial Group from $28.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 5th. Jefferies Financial Group lifted their price target on CNO Financial Group from $23.00 to $25.00 and gave the company a “hold” rating in a report on Tuesday, February 21st. Finally, Morgan Stanley cut their price target on CNO Financial Group from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, April 12th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, CNO Financial Group presently has an average rating of “Hold” and an average price target of $25.25.

Insiders Place Their Bets

In other CNO Financial Group news, EVP Matthew J. Zimpfer sold 3,308 shares of the business’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $25.85, for a total transaction of $85,511.80. Following the completion of the sale, the executive vice president now directly owns 258,163 shares of the company’s stock, valued at approximately $6,673,513.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Matthew J. Zimpfer sold 4,188 shares of the company’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $26.03, for a total value of $109,013.64. Following the completion of the sale, the executive vice president now directly owns 261,471 shares of the company’s stock, valued at approximately $6,806,090.13. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Matthew J. Zimpfer sold 3,308 shares of the company’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $25.85, for a total value of $85,511.80. Following the completion of the sale, the executive vice president now directly owns 258,163 shares of the company’s stock, valued at $6,673,513.55. The disclosure for this sale can be found here. In the last three months, insiders sold 11,144 shares of company stock valued at $276,605. 3.00% of the stock is currently owned by insiders.

About CNO Financial Group

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CNO Financial Group, Inc is an insurance holding company, which engages in developing, marketing, and administering health insurance, annuity, individual life insurance and other insurance products. It operates through the following segments: Bankers Life, Washington National, and Colonial Penn. The Bankers Life segment markets and distributes medicare supplement insurance, interest-sensitive life insurance, traditional life insurance, fixed annuities and long-term care insurance products to the middle-income senior market through a dedicated field force of career agents and sales managers supported by a network of community-based sales offices.