Uncommon Cents Investing LLC Purchases 615 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Uncommon Cents Investing LLC grew its position in CNO Financial Group, Inc. (NYSE:CNO) by 3.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,505 shares of the financial services provider’s stock after purchasing an additional 615 shares during the quarter. Uncommon Cents Investing LLC’s holdings in CNO Financial Group were worth $481,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Denali Advisors LLC grew its holdings in CNO Financial Group by 87.9% in the 1st quarter. Denali Advisors LLC now owns 28,000 shares of the financial services provider’s stock valued at $769,000 after buying an additional 13,100 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of CNO Financial Group by 1,862.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 315,597 shares of the financial services provider’s stock valued at $8,673,000 after acquiring an additional 299,516 shares during the period. AlphaMark Advisors LLC acquired a new position in shares of CNO Financial Group in the first quarter valued at about $300,000. Quadrature Capital Ltd bought a new position in CNO Financial Group during the fourth quarter worth about $524,000. Finally, Congress Asset Management Co. MA increased its position in CNO Financial Group by 43.7% during the fourth quarter. Congress Asset Management Co. MA now owns 157,126 shares of the financial services provider’s stock worth $4,384,000 after acquiring an additional 47,762 shares during the period. Institutional investors own 95.43% of the company’s stock.

Insider Transactions at CNO Financial Group

In related news, insider Michael E. Mead sold 5,013 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $28.85, for a total value of $144,625.05. Following the sale, the insider now directly owns 36,522 shares of the company’s stock, valued at $1,053,659.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Michael E. Mead sold 7,690 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $28.30, for a total transaction of $217,627.00. Following the completion of the transaction, the insider now directly owns 41,535 shares in the company, valued at $1,175,440.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael E. Mead sold 5,013 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $28.85, for a total value of $144,625.05. Following the completion of the transaction, the insider now owns 36,522 shares of the company’s stock, valued at $1,053,659.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,199 shares of company stock valued at $1,051,145. Corporate insiders own 3.21% of the company’s stock.

CNO Financial Group Price Performance

CNO Financial Group stock traded down $0.25 during trading hours on Thursday, reaching $27.88. 278,161 shares of the stock were exchanged, compared to its average volume of 744,967. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.41. CNO Financial Group, Inc. has a twelve month low of $22.27 and a twelve month high of $29.09. The company has a market cap of $3.02 billion, a P/E ratio of 8.13 and a beta of 1.04. The stock has a 50 day moving average of $27.72 and a two-hundred day moving average of $27.23.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Monday, April 29th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.12). CNO Financial Group had a return on equity of 16.77% and a net margin of 9.07%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $935.76 million. During the same quarter in the prior year, the business posted $0.51 EPS. The business’s revenue was up 15.0% on a year-over-year basis. Equities analysts expect that CNO Financial Group, Inc. will post 3.08 EPS for the current fiscal year.

CNO Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were paid a $0.16 dividend. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.15. The ex-dividend date was Monday, June 10th. This represents a $0.64 annualized dividend and a dividend yield of 2.30%. CNO Financial Group’s dividend payout ratio (DPR) is presently 18.66%.

Analyst Ratings Changes

A number of brokerages have issued reports on CNO. StockNews.com lowered shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Piper Sandler increased their price target on CNO Financial Group from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, June 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CNO Financial Group has a consensus rating of “Hold” and an average price target of $28.00.

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.