Hillsdale Investment Management Inc. Has $3.64 Million Stake in CNO Financial Group, Inc. (NYSE:CNO)

Hillsdale Investment Management Inc. lowered its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 9.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 132,400 shares of the financial services provider’s stock after selling 13,500 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in CNO Financial Group were worth $3,638,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CNO. Norges Bank acquired a new position in shares of CNO Financial Group during the fourth quarter valued at about $26,295,000. Retirement Systems of Alabama acquired a new position in shares of CNO Financial Group during the fourth quarter valued at about $10,568,000. Allspring Global Investments Holdings LLC raised its holdings in shares of CNO Financial Group by 1,862.5% during 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 purchasing an additional 299,516 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of CNO Financial Group by 97.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 587,569 shares of the financial services provider’s stock valued at $16,393,000 after purchasing an additional 290,585 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of CNO Financial Group by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,226,375 shares of the financial services provider’s stock valued at $62,116,000 after purchasing an additional 76,514 shares during the period. Institutional investors and hedge funds own 95.43% of the company’s stock.

Insiders Place Their Bets

In other CNO Financial Group news, CMO Rocco F. Tarasi III sold 3,197 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $28.00, for a total value of $89,516.00. Following the completion of the sale, the chief marketing officer now directly owns 84,880 shares of the company’s stock, valued at approximately $2,376,640. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Michael E. Mead sold 5,013 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $28.85, for a total transaction of $144,625.05. Following the completion of the transaction, the insider now directly owns 36,522 shares of the company’s stock, valued at approximately $1,053,659.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Rocco F. Tarasi III sold 3,197 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $28.00, for a total transaction of $89,516.00. Following the transaction, the chief marketing officer now directly owns 84,880 shares of the company’s stock, valued at $2,376,640. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,421 shares of company stock valued at $975,861. Corporate insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Keefe, Bruyette & Woods boosted their target price on shares of CNO Financial Group from $30.00 to $31.00 and gave the stock a “market perform” rating in a research report on Monday, July 8th. Finally, Piper Sandler boosted their target price on shares of 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 equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $28.60.

CNO Financial Group Stock Up 2.4 %

Shares of NYSE:CNO traded up $0.71 during midday trading on Monday, hitting $30.45. 645,498 shares of the company’s stock were exchanged, compared to its average volume of 741,057. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a 50 day moving average price of $28.17 and a 200-day moving average price of $27.34. The company has a market cap of $3.30 billion, a PE ratio of 8.88 and a beta of 1.04. CNO Financial Group, Inc. has a 12 month low of $22.27 and a 12 month high of $30.70.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Monday, April 29th. The financial services provider reported $0.52 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 business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $935.76 million. During the same period in the previous year, the firm earned $0.51 earnings per share. The company’s revenue was up 15.0% on a year-over-year basis. On average, sell-side analysts anticipate that CNO Financial Group, Inc. will post 3.06 EPS for the current fiscal year.

CNO Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 10th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.10%. This is an increase from CNO Financial Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, June 10th. CNO Financial Group’s dividend payout ratio is presently 18.66%.

About CNO Financial Group

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.