Uncommon Cents Investing LLC Has $471,000 Stock Position in CNO Financial Group, Inc. (NYSE:CNO)

Uncommon Cents Investing LLC lifted its stake in CNO Financial Group, Inc. (NYSE:CNO) by 35.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,890 shares of the financial services provider’s stock after acquiring an additional 4,425 shares during the quarter. Uncommon Cents Investing LLC’s holdings in CNO Financial Group were worth $471,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP acquired a new position in CNO Financial Group during the first quarter worth approximately $26,000. Ronald Blue Trust Inc. increased its position in CNO Financial Group by 95.8% during the third quarter. Ronald Blue Trust Inc. now owns 1,915 shares of the financial services provider’s stock worth $45,000 after buying an additional 937 shares during the last quarter. Castleview Partners LLC acquired a new position in CNO Financial Group during the first quarter worth approximately $63,000. Assetmark Inc. increased its position in CNO Financial Group by 18.0% during the third quarter. Assetmark Inc. now owns 4,166 shares of the financial services provider’s stock worth $99,000 after buying an additional 634 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in CNO Financial Group by 23.2% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,438 shares of the financial services provider’s stock worth $105,000 after buying an additional 835 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.

CNO Financial Group Price Performance

Shares of CNO stock traded up $0.08 during trading on Thursday, hitting $27.48. The company had a trading volume of 898,602 shares, compared to its average volume of 752,653. 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 firm has a market capitalization of $3.00 billion, a P/E ratio of 11.41 and a beta of 1.03. The stock’s 50-day moving average price is $26.98 and its 200 day moving average price is $25.87. CNO Financial Group, Inc. has a one year low of $19.95 and a one year high of $28.39.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.33. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $934.05 million. CNO Financial Group had a return on equity of 17.51% and a net margin of 6.67%. Equities analysts expect that CNO Financial Group, Inc. will post 3.17 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Thursday, March 7th. CNO Financial Group’s dividend payout ratio (DPR) is currently 24.90%.

Insider Activity at CNO Financial Group

In related news, CEO Gary C. Bhojwani sold 16,837 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $27.00, for a total value of $454,599.00. Following the completion of the sale, the chief executive officer now directly owns 406,808 shares in the company, valued at $10,983,816. The sale was disclosed in a filing with the SEC, which is available at this link. In other CNO Financial Group news, CEO Gary C. Bhojwani sold 16,837 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $27.00, for a total transaction of $454,599.00. Following the completion of the sale, the chief executive officer now directly owns 406,808 shares in the company, valued at $10,983,816. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary C. Bhojwani sold 9,434 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $26.87, for a total value of $253,491.58. Following the sale, the chief executive officer now owns 332,694 shares of the company’s stock, valued at $8,939,487.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 98,040 shares of company stock worth $2,622,223. Company insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

CNO has been the subject of a number of research analyst reports. Royal Bank of Canada boosted their price objective on CNO Financial Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. StockNews.com cut CNO Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Evercore ISI boosted their price objective on CNO Financial Group from $26.00 to $27.00 and gave the stock an “underperform” rating in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.80.

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.