Mutual of America Capital Management LLC Has $2.01 Million Stake in CNO Financial Group, Inc. (NYSE:CNO)

Mutual of America Capital Management LLC reduced its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 7.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,163 shares of the financial services provider’s stock after selling 4,821 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of CNO Financial Group worth $2,006,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CNO. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of CNO Financial Group during the second quarter valued at $852,000. DekaBank Deutsche Girozentrale lifted its position in CNO Financial Group by 680.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 34,584 shares of the financial services provider’s stock valued at $949,000 after purchasing an additional 30,150 shares during the period. Interval Partners LP bought a new position in shares of CNO Financial Group in the 2nd quarter valued at about $2,360,000. Allspring Global Investments Holdings LLC grew its position in shares of CNO Financial Group by 97.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 622,348 shares of the financial services provider’s stock worth $17,251,000 after buying an additional 306,751 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of CNO Financial Group by 455.1% during the second quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider’s stock worth $21,546,000 after buying an additional 637,254 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CNO shares. Piper Sandler increased their price target on CNO Financial Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. 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 research note on Wednesday, July 31st. Finally, Royal Bank of Canada upped their price target on CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $34.50.

Insider Buying and Selling

In related news, insider Jeremy David Williams sold 4,783 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $40.09, for a total transaction of $191,750.47. Following the sale, the insider now owns 62,121 shares in the company, valued at approximately $2,490,430.89. This represents a 7.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeanne L. Linnenbringer sold 5,435 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 37,663 shares of the company’s stock, valued at approximately $1,290,334.38. This represents a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,560 shares of company stock worth $720,550. 3.00% of the stock is owned by corporate insiders.

CNO Financial Group Stock Up 1.3 %

Shares of CNO Financial Group stock opened at $39.91 on Monday. CNO Financial Group, Inc. has a 1 year low of $24.92 and a 1 year high of $40.29. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market capitalization of $4.12 billion, a P/E ratio of 16.09 and a beta of 1.01. The business has a 50-day moving average of $36.06 and a two-hundred day moving average of $32.21.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.29. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $945.44 million. During the same quarter in the prior year, the company earned $0.88 earnings per share. The business’s quarterly revenue was up 19.2% compared to the same quarter last year. As a group, equities analysts predict that CNO Financial Group, Inc. will post 3.73 EPS for the current year.

CNO Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.60%. CNO Financial Group’s dividend payout ratio is currently 25.81%.

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.