Universal Beteiligungs und Servicegesellschaft mbH Cuts Stake in CNO Financial Group, Inc. (NYSE:CNO)

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 11.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 361,200 shares of the financial services provider's stock after selling 44,424 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.36% of CNO Financial Group worth $15,044,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. UMB Bank n.a. increased its holdings in shares of CNO Financial Group by 89.7% in the 1st quarter. UMB Bank n.a. now owns 1,009 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 477 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of CNO Financial Group by 148.6% in the 1st quarter. Versant Capital Management Inc now owns 1,099 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 657 shares in the last quarter. Quarry LP increased its holdings in shares of CNO Financial Group by 137.8% in the 4th quarter. Quarry LP now owns 1,334 shares of the financial services provider's stock valued at $50,000 after purchasing an additional 773 shares in the last quarter. Headlands Technologies LLC grew its stake in CNO Financial Group by 193.2% in the 4th quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock valued at $50,000 after acquiring an additional 881 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in CNO Financial Group in the 1st quarter valued at about $92,000. Hedge funds and other institutional investors own 95.43% of the company's stock.

Insider Activity

In other CNO Financial Group news, insider Michael E. Mead sold 12,581 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $37.97, for a total transaction of $477,700.57. Following the sale, the insider directly owned 15,729 shares of the company's stock, valued at $597,230.13. This trade represents a 44.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.38% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Piper Sandler increased their price objective on shares of CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $41.00.

CNO Financial Group Price Performance

NYSE CNO traded down $0.36 during trading hours on Monday, reaching $37.46. The company's stock had a trading volume of 139,120 shares, compared to its average volume of 698,919. The stock has a market cap of $3.71 billion, a PE ratio of 13.12 and a beta of 0.87. CNO Financial Group, Inc. has a fifty-two week low of $30.48 and a fifty-two week high of $43.20. The company's 50-day moving average is $37.64 and its two-hundred day moving average is $38.82. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.18 and a current ratio of 0.18.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. CNO Financial Group had a net margin of 7.11% and a return on equity of 17.86%. The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $975.80 million. During the same period last year, the company earned $0.52 EPS. The firm's revenue for the quarter was down 13.2% compared to the same quarter last year. Analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were paid a dividend of $0.17 per share. This is a boost from CNO Financial Group's previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Tuesday, June 10th. CNO Financial Group's dividend payout ratio (DPR) is currently 23.78%.

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.