Hillsdale Investment Management Inc. Has $4.82 Million Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Hillsdale Investment Management Inc. grew its position in CNO Financial Group, Inc. (NYSE:CNO) by 0.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 129,600 shares of the financial services provider’s stock after buying an additional 500 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.13% of CNO Financial Group worth $4,822,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CNO. Jones Financial Companies Lllp grew its holdings in shares of CNO Financial Group by 368.2% in the 4th quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider’s stock valued at $30,000 after buying an additional 626 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of CNO Financial Group by 95.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider’s stock valued at $32,000 after buying an additional 417 shares during the period. Principal Securities Inc. grew its holdings in shares of CNO Financial Group by 51.6% in the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock valued at $36,000 after buying an additional 325 shares during the period. Sound Income Strategies LLC acquired a new position in shares of CNO Financial Group in the 4th quarter valued at $54,000. Finally, GAMMA Investing LLC grew its holdings in shares of CNO Financial Group by 15.3% in the 4th quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider’s stock valued at $85,000 after buying an additional 304 shares during the period. Institutional investors and hedge funds own 95.43% of the company’s stock.

CNO Financial Group Trading Down 0.4 %

Shares of NYSE:CNO opened at $41.07 on Friday. The company’s 50-day moving average price is $40.04 and its two-hundred day moving average price is $37.73. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. CNO Financial Group, Inc. has a one year low of $24.92 and a one year high of $42.41. The stock has a market capitalization of $4.12 billion, a PE ratio of 10.98 and a beta of 1.02.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. On average, equities analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.64 annualized dividend and a yield of 1.56%. CNO Financial Group’s dividend payout ratio (DPR) is presently 17.11%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price target for the company. Jefferies Financial Group boosted their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Royal Bank of Canada boosted their price objective on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods boosted their price objective on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $46.00 price objective (up from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, CNO Financial Group presently has a consensus rating of “Hold” and a consensus price target of $40.50.

Insiders Place Their Bets

In other news, insider Scott L. Goldberg sold 25,500 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $40.02, for a total value of $1,020,510.00. Following the sale, the insider now directly owns 169,342 shares of the company’s stock, valued at approximately $6,777,066.84. This represents a 13.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $40.10, for a total transaction of $1,636,080.00. Following the completion of the sale, the general counsel now directly owns 204,143 shares in the company, valued at approximately $8,186,134.30. The trade was a 16.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 132,600 shares of company stock valued at $5,372,187 in the last three months. 3.00% of the stock is currently owned by corporate insiders.

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.