Mutual of America Capital Management LLC Has $2.76 Million Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

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Mutual of America Capital Management LLC lessened its holdings in shares of CNO Financial Group, Inc. (NYSE:CNOGet Rating) by 0.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 109,804 shares of the financial services provider’s stock after selling 557 shares during the period. Mutual of America Capital Management LLC’s holdings in CNO Financial Group were worth $2,755,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Strs Ohio lifted its position in shares of CNO Financial Group by 83.3% during the 4th quarter. Strs Ohio now owns 1,100 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 500 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new position in CNO Financial Group in the 4th quarter valued at approximately $39,000. Sageworth Trust Co of South Dakota acquired a new position in CNO Financial Group in the 4th quarter valued at approximately $51,000. Eaton Vance Management acquired a new position in CNO Financial Group in the 4th quarter valued at approximately $71,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in CNO Financial Group in the 1st quarter valued at approximately $173,000. Institutional investors and hedge funds own 96.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CNO. StockNews.com began coverage on CNO Financial Group in a report on Thursday, March 31st. They issued a “hold” rating for the company. Piper Sandler cut their price target on CNO Financial Group from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, July 8th. Finally, Morgan Stanley cut their price target on CNO Financial Group from $27.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday, July 6th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, CNO Financial Group currently has a consensus rating of “Hold” and an average price target of $22.33.

Insider Buying and Selling

In related news, Director Frederick James Sievert sold 3,000 shares of the stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $21.56, for a total transaction of $64,680.00. Following the sale, the director now directly owns 62,421 shares in the company, valued at approximately $1,345,796.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is owned by corporate insiders.

CNO Financial Group Trading Up 1.2 %

Shares of CNO opened at $18.63 on Thursday. CNO Financial Group, Inc. has a 1 year low of $16.56 and a 1 year high of $26.74. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.75. The stock has a 50 day simple moving average of $18.65 and a 200-day simple moving average of $22.36. The stock has a market cap of $2.16 billion, a PE ratio of 5.81 and a beta of 1.21.

CNO Financial Group (NYSE:CNOGet Rating) last issued its earnings results on Monday, May 2nd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.15). CNO Financial Group had a return on equity of 7.00% and a net margin of 10.25%. The company had revenue of $842.90 million during the quarter, compared to analyst estimates of $915.85 million. During the same period in the previous year, the company posted $0.55 earnings per share. On average, sell-side analysts predict that CNO Financial Group, Inc. will post 1.92 EPS for the current fiscal year.

CNO Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 10th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, June 9th. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a yield of 3.01%. CNO Financial Group’s dividend payout ratio is 17.45%.

CNO Financial Group Profile

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CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products 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.

Further Reading

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