Mutual of America Capital Management LLC Trims Stake in CNO Financial Group, Inc. (NYSE:CNO)

Mutual of America Capital Management LLC trimmed its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,381 shares of the financial services provider’s stock after selling 4,131 shares during the quarter. Mutual of America Capital Management LLC’s holdings in CNO Financial Group were worth $1,936,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CNO. Quarry LP purchased a new position in CNO Financial Group during the first quarter worth about $26,000. Ronald Blue Trust Inc. grew its position in CNO Financial Group by 95.8% during the third quarter. Ronald Blue Trust Inc. now owns 1,915 shares of the financial services provider’s stock worth $45,000 after buying an additional 937 shares in the last quarter. Castleview Partners LLC purchased a new position in CNO Financial Group during the first quarter worth about $63,000. Assetmark Inc. boosted its holdings in shares of CNO Financial Group by 18.0% in the 3rd quarter. Assetmark Inc. now owns 4,166 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 634 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of CNO Financial Group by 23.2% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,438 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 835 shares in the last quarter. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CNO Financial Group

In other CNO Financial Group news, insider Karen Detoro sold 2,778 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $27.10, for a total transaction of $75,283.80. Following the completion of the transaction, the insider now owns 69,605 shares of the company’s stock, valued at approximately $1,886,295.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other CNO Financial Group news, CEO Gary C. Bhojwani sold 18,692 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was 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 of the company’s stock, valued at approximately $8,641,335.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Karen Detoro sold 2,778 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $27.10, for a total value of $75,283.80. Following the transaction, the insider now directly owns 69,605 shares of the company’s stock, valued at approximately $1,886,295.50. The disclosure for this sale can be found here. Insiders sold 152,590 shares of company stock valued at $4,116,255 in the last 90 days. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CNO shares. Royal Bank of Canada upped their price objective on CNO Financial Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Piper Sandler upgraded CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 price objective for the company in a report on Tuesday, April 16th. Evercore ISI upped their price objective on CNO Financial Group from $26.00 to $27.00 and gave the stock an “underperform” rating in a report on Wednesday, February 28th. Finally, StockNews.com cut CNO Financial Group from a “buy” rating to a “hold” rating in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $27.50.

CNO Financial Group Trading Up 1.9 %

Shares of CNO stock opened at $26.19 on Friday. The stock has a market capitalization of $2.85 billion, a PE ratio of 10.87 and a beta of 1.03. CNO Financial Group, Inc. has a 1-year low of $19.95 and a 1-year high of $28.39. The business has a 50-day moving average of $26.66 and a 200 day moving average of $26.18. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Tuesday, February 6th. The financial services provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.33. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $934.05 million. CNO Financial Group had a return on equity of 17.51% and a net margin of 6.67%. As a group, sell-side analysts anticipate that CNO Financial Group, Inc. will post 3.14 earnings per share for the current year.

CNO Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Thursday, March 7th. CNO Financial Group’s dividend payout ratio is presently 24.90%.

CNO Financial Group 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.