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

Mutual of America Capital Management LLC decreased its position in CNO Financial Group, Inc. (NYSE:CNO) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,520 shares of the financial services provider’s stock after selling 2,643 shares during the quarter. Mutual of America Capital Management LLC owned 0.05% of CNO Financial Group worth $2,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of CNO. QRG Capital Management Inc. lifted its holdings in shares of CNO Financial Group by 4.0% in the 4th quarter. QRG Capital Management Inc. now owns 80,391 shares of the financial services provider’s stock worth $2,991,000 after acquiring an additional 3,064 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in CNO Financial Group in the 4th quarter worth $903,000. Y Intercept Hong Kong Ltd bought a new stake in CNO Financial Group in the fourth quarter worth $509,000. Allianz Asset Management GmbH boosted its position in CNO Financial Group by 1.3% during the fourth quarter. Allianz Asset Management GmbH now owns 848,407 shares of the financial services provider’s stock valued at $31,569,000 after buying an additional 10,846 shares during the period. Finally, Handelsbanken Fonder AB grew its stake in shares of CNO Financial Group by 13.7% during the fourth quarter. Handelsbanken Fonder AB now owns 25,755 shares of the financial services provider’s stock valued at $958,000 after buying an additional 3,100 shares during the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

CNO Financial Group Price Performance

Shares of CNO Financial Group stock opened at $39.65 on Friday. The company has a market cap of $4.00 billion, a PE ratio of 10.60 and a beta of 1.02. The business has a 50 day moving average of $39.38 and a 200 day moving average of $37.25. CNO Financial Group, Inc. has a 52 week low of $24.92 and a 52 week high of $42.41. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. As a group, equities research analysts forecast that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a $0.16 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.64 annualized dividend and a yield of 1.61%. CNO Financial Group’s dividend payout ratio (DPR) is presently 17.11%.

Analyst Upgrades and Downgrades

CNO has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their target price on CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a research note on Wednesday, February 12th. Jefferies Financial Group boosted their price objective on CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Royal Bank of Canada raised their target price on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. BMO Capital Markets assumed coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price target for the company. Finally, Piper Sandler reissued an “overweight” rating and set a $46.00 price target (up previously from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $40.50.

Insider Activity

In related news, CMO Rocco F. Tarasi III sold 4,500 shares of CNO Financial Group stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $37.51, for a total value of $168,795.00. Following the completion of the sale, the chief marketing officer now owns 72,896 shares of the company’s stock, valued at $2,734,328.96. The trade was a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $41.49, for a total value of $1,692,792.00. Following the completion of the transaction, the general counsel now directly owns 244,943 shares in the company, valued at approximately $10,162,685.07. This represents a 14.28 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 138,584 shares of company stock worth $5,597,404. Insiders own 3.00% of the company’s stock.

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.