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

Hillsdale Investment Management Inc. trimmed its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 9.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,400 shares of the financial services provider’s stock after selling 13,500 shares during the quarter. Hillsdale Investment Management Inc. owned 0.12% of CNO Financial Group worth $3,638,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Blair William & Co. IL boosted its holdings in CNO Financial Group by 2.1% during the first quarter. Blair William & Co. IL now owns 19,189 shares of the financial services provider’s stock valued at $527,000 after purchasing an additional 399 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of CNO Financial Group by 30.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 105,374 shares of the financial services provider’s stock worth $2,896,000 after acquiring an additional 24,844 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of CNO Financial Group in the 1st quarter worth approximately $994,000. ProShare Advisors LLC boosted its holdings in shares of CNO Financial Group by 4.2% in the 1st quarter. ProShare Advisors LLC now owns 25,476 shares of the financial services provider’s stock worth $700,000 after acquiring an additional 1,024 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of CNO Financial Group by 11.8% in the 1st quarter. Sei Investments Co. now owns 119,364 shares of the financial services provider’s stock worth $3,280,000 after acquiring an additional 12,556 shares in the last quarter. 95.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CNO Financial Group

In other CNO Financial Group news, insider Yvonne K. Franzese sold 15,021 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $28.25, for a total transaction of $424,343.25. Following the completion of the sale, the insider now owns 31,611 shares in the company, valued at approximately $893,010.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CMO Rocco F. Tarasi III sold 3,197 shares of the business’s stock in a transaction on 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 transaction, the chief marketing officer now owns 84,880 shares of the company’s stock, valued at approximately $2,376,640. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Yvonne K. Franzese sold 15,021 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $28.25, for a total transaction of $424,343.25. Following the completion of the transaction, the insider now directly owns 31,611 shares of the company’s stock, valued at approximately $893,010.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,421 shares of company stock worth $975,861. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

CNO has been the topic of several recent analyst reports. Piper Sandler boosted their target price on CNO Financial Group from $29.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, June 28th. StockNews.com downgraded CNO Financial Group from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Finally, Keefe, Bruyette & Woods boosted their target price on CNO Financial Group from $30.00 to $31.00 and gave the stock a “market perform” rating in a report on Monday, July 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $28.60.

CNO Financial Group Trading Up 2.4 %

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

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

CNO Financial Group Increases Dividend

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

CNO Financial Group Company 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.