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

Huber Capital Management LLC lifted its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 3.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 209,306 shares of the financial services provider’s stock after buying an additional 7,116 shares during the period. CNO Financial Group makes up about 1.3% of Huber Capital Management LLC’s portfolio, making the stock its 24th biggest holding. Huber Capital Management LLC’s holdings in CNO Financial Group were worth $5,802,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans raised its position in CNO Financial Group by 255.0% in the second quarter. Thrivent Financial for Lutherans now owns 97,336 shares of the financial services provider’s stock valued at $2,698,000 after purchasing an additional 69,921 shares during the period. Sei Investments Co. grew its stake in shares of CNO Financial Group by 12.2% in the second quarter. Sei Investments Co. now owns 133,955 shares of the financial services provider’s stock valued at $3,713,000 after buying an additional 14,591 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of CNO Financial Group during the 2nd quarter valued at about $466,000. XTX Topco Ltd lifted its position in CNO Financial Group by 179.7% during the 2nd quarter. XTX Topco Ltd now owns 30,328 shares of the financial services provider’s stock worth $841,000 after acquiring an additional 19,484 shares in the last quarter. Finally, Seven Eight Capital LP purchased a new position in CNO Financial Group in the 2nd quarter worth approximately $905,000. 95.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, insider Jeanne L. Linnenbringer sold 5,435 shares of CNO Financial Group stock in a transaction 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 $1,290,334.38. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Jeanne L. Linnenbringer sold 5,435 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $34.26, for a total transaction of $186,203.10. Following the completion of the transaction, the insider now directly owns 37,663 shares of the company’s stock, valued at $1,290,334.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeanne L. Linnenbringer sold 5,364 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $34.88, for a total value of $187,096.32. Following the sale, the insider now owns 44,884 shares in the company, valued at $1,565,553.92. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

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

CNO Financial Group Stock Down 0.2 %

Shares of NYSE:CNO opened at $35.34 on Friday. CNO Financial Group, Inc. has a 12-month low of $22.27 and a 12-month high of $35.56. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.66. The firm has a market cap of $3.83 billion, a PE ratio of 10.30 and a beta of 1.01. The company has a fifty day simple moving average of $32.64 and a 200 day simple moving average of $29.16.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Monday, July 29th. The financial services provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.72 by $0.33. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $929.99 million. CNO Financial Group had a net margin of 9.96% and a return on equity of 18.30%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.54 earnings per share. On average, equities research analysts anticipate that CNO Financial Group, Inc. will post 3.43 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be issued a $0.16 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.81%. CNO Financial Group’s dividend payout ratio (DPR) is 18.66%.

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.