CNO Financial Group, Inc. (NYSE:CNO) Shares Purchased by Huber Capital Management LLC

Huber Capital Management LLC increased its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 3.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 209,306 shares of the financial services provider’s stock after buying an additional 7,116 shares during the period. CNO Financial Group comprises 1.3% of Huber Capital Management LLC’s portfolio, making the stock its 24th largest holding. Huber Capital Management LLC owned 0.19% of CNO Financial Group worth $5,802,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC boosted its stake in shares of CNO Financial Group by 64.1% during the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 447 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in CNO Financial Group during the first quarter worth $52,000. Blue Trust Inc. grew its holdings in CNO Financial Group by 25.4% in the second quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 483 shares during the last quarter. Covestor Ltd increased its position in shares of CNO Financial Group by 18.9% in the first quarter. Covestor Ltd now owns 3,598 shares of the financial services provider’s stock valued at $99,000 after buying an additional 571 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake 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 worth $116,000 after buying an additional 2,699 shares during the last quarter. 95.43% of the stock is currently owned by institutional investors and hedge funds.

CNO Financial Group Price Performance

CNO Financial Group stock opened at $35.34 on Friday. The stock has a market capitalization of $3.83 billion, a P/E ratio of 10.30 and a beta of 1.01. CNO Financial Group, Inc. has a 12-month low of $22.27 and a 12-month high of $35.56. 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 firm’s 50-day moving average is $32.64 and its two-hundred day moving average is $29.16.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Monday, July 29th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.07 billion for 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 revenue was up 4.2% compared to the same quarter last year. Equities analysts predict that CNO Financial Group, Inc. will post 3.43 earnings per share for the current year.

CNO Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.64 annualized dividend and a yield of 1.81%. CNO Financial Group’s payout ratio is currently 18.66%.

Insider Buying and Selling

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

Analyst Ratings Changes

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

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.