Mutual of America Capital Management LLC Has $1.94 Million Stock Position 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 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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 owned 0.06% of CNO Financial Group worth $1,936,000 as of its most recent SEC filing.

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

CNO Financial Group Price Performance

Shares of CNO opened at $26.19 on Friday. CNO Financial Group, Inc. has a 1 year low of $19.95 and a 1 year high of $28.39. 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 $2.85 billion, a price-to-earnings ratio of 10.87 and a beta of 1.03. The business has a 50-day moving average of $26.66 and a 200-day moving average of $26.18.

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, topping analysts’ consensus estimates of $0.85 by $0.33. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate 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, equities research analysts anticipate that CNO Financial Group, Inc. will post 3.14 earnings per share for the current year.

CNO Financial Group Announces Dividend

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

Insiders Place Their Bets

In other CNO Financial Group news, EVP Matthew J. Zimpfer sold 3,220 shares of CNO Financial Group stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $26.76, for a total value of $86,167.20. Following the completion of the sale, the executive vice president now directly owns 278,997 shares in the company, valued at $7,465,959.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other CNO Financial Group news, EVP Matthew J. Zimpfer sold 3,220 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $26.76, for a total value of $86,167.20. Following the completion of the sale, the executive vice president now owns 278,997 shares of the company’s stock, valued at $7,465,959.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott L. Goldberg sold 7,325 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $26.65, for a total value of $195,211.25. Following the completion of the sale, the insider now directly owns 178,295 shares of the company’s stock, valued at approximately $4,751,561.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 152,590 shares of company stock worth $4,116,255. 3.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Evercore ISI increased their target price on CNO Financial Group from $26.00 to $27.00 and gave the company an “underperform” rating in a research report on Wednesday, February 28th. StockNews.com downgraded CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. 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 research report on Tuesday, April 16th. Finally, Royal Bank of Canada raised their price objective on CNO Financial Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $27.50.

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.