Mutual of America Capital Management LLC Sells 3,200 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Mutual of America Capital Management LLC decreased its position in CNO Financial Group, Inc. (NYSE:CNO) by 4.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,984 shares of the financial services provider’s stock after selling 3,200 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.06% of CNO Financial Group worth $1,718,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC lifted its stake in shares of CNO Financial Group by 64.1% in the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 447 shares during the period. EntryPoint Capital LLC bought a new position in CNO Financial Group in the first quarter worth approximately $52,000. Blue Trust Inc. boosted its stake in shares of CNO Financial Group by 25.4% during the 2nd quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 483 shares during the last quarter. Covestor Ltd grew its position in shares of CNO Financial Group by 18.9% during the 1st quarter. Covestor Ltd now owns 3,598 shares of the financial services provider’s stock valued at $99,000 after acquiring an additional 571 shares during the period. Finally, Fifth Third Bancorp grew its position in shares of CNO Financial Group by 183.5% during the 2nd quarter. Fifth Third Bancorp now owns 4,170 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 2,699 shares during the period. 95.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods lifted their target price on CNO Financial Group from $30.00 to $31.00 and gave the company a “market perform” rating in a research report on Monday, July 8th. Evercore ISI lifted their price objective on CNO Financial Group from $27.00 to $29.00 and gave the company an “underperform” rating in a research report on Wednesday, July 31st. Royal Bank of Canada boosted their price objective on CNO Financial Group from $30.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Piper Sandler restated an “overweight” rating and set a $37.00 target price on shares of CNO Financial Group in a research note on Friday, September 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $33.75.

Insider Activity

In related news, insider Jeanne L. Linnenbringer sold 5,435 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $34.26, for a total transaction of $186,203.10. Following the sale, the insider now owns 37,663 shares in the company, valued at approximately $1,290,334.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Jeanne L. Linnenbringer sold 5,364 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $34.88, for a total value of $187,096.32. Following the sale, the insider now directly owns 44,884 shares in the company, valued at $1,565,553.92. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeanne L. Linnenbringer sold 5,435 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $34.26, for a total value of $186,203.10. Following the transaction, the insider now owns 37,663 shares of the company’s stock, valued at approximately $1,290,334.38. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

CNO Financial Group Stock Down 0.4 %

Shares of CNO opened at $34.53 on Thursday. The business’s 50 day simple moving average is $32.93 and its 200-day simple moving average is $29.34. CNO Financial Group, Inc. has a 1 year low of $22.27 and a 1 year high of $35.63. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.19 and a quick ratio of 0.19. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 10.07 and a beta of 1.01.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Monday, July 29th. The financial services provider reported $1.05 EPS for the quarter, beating the consensus estimate of $0.72 by $0.33. CNO Financial Group had a net margin of 9.96% and a return on equity of 18.30%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $929.99 million. During the same quarter last year, the business earned $0.54 earnings per share. CNO Financial Group’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts expect that CNO Financial Group, Inc. will post 3.43 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.85%. CNO Financial Group’s dividend payout ratio (DPR) is presently 18.66%.

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.