Mutual of America Capital Management LLC Sells 4,821 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Mutual of America Capital Management LLC cut its position in CNO Financial Group, Inc. (NYSE:CNO) by 7.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor 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’s holdings in CNO Financial Group were worth $2,006,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CNO. CWM LLC increased its stake in shares of CNO Financial Group by 64.1% in the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 447 shares during the last quarter. Quarry LP increased its position in CNO Financial Group by 123.2% during the 2nd quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 935 shares in the last quarter. EntryPoint Capital LLC bought a new position in CNO Financial Group in the 1st quarter valued at approximately $52,000. GAMMA Investing LLC boosted its position in CNO Financial Group by 141.8% in the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock valued at $70,000 after buying an additional 1,164 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of CNO Financial Group by 25.4% during the second quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock worth $66,000 after buying an additional 483 shares during the last quarter. Institutional investors own 95.43% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CNO. Piper Sandler boosted their price objective on CNO Financial Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada upped their price target on shares of CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, Evercore ISI increased their price objective on CNO Financial Group from $27.00 to $29.00 and gave the company an “underperform” rating in a report on Wednesday, July 31st. One equities 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 company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $34.50.

Insider Buying and Selling at CNO Financial Group

In other news, CIO Eric R. Johnson sold 3,978 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $39.09, for a total transaction of $155,500.02. Following the completion of the sale, the executive now directly owns 631,844 shares of the company’s stock, valued at $24,698,781.96. The trade was a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeremy David Williams sold 4,783 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $40.09, for a total transaction of $191,750.47. Following the completion of the transaction, the insider now directly owns 62,121 shares in the company, valued at approximately $2,490,430.89. The trade was a 7.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,560 shares of company stock worth $720,550. 3.00% of the stock is owned by corporate insiders.

CNO Financial Group Price Performance

Shares of CNO opened at $39.91 on Monday. The firm has a market cap of $4.12 billion, a PE ratio of 16.09 and a beta of 1.01. CNO Financial Group, Inc. has a 52-week low of $24.92 and a 52-week high of $40.29. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. The business’s 50 day moving average price is $36.06 and its two-hundred day moving average price is $32.21.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $945.44 million. During the same quarter in the prior year, the firm earned $0.88 EPS. The business’s revenue was up 19.2% on a year-over-year basis. On average, equities analysts anticipate that CNO Financial Group, Inc. will post 3.73 EPS for the current year.

CNO Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.60%. The ex-dividend date is Tuesday, December 10th. CNO Financial Group’s 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.