Harbor Capital Advisors Inc. Has $1.70 Million Stake in CNO Financial Group, Inc. (NYSE:CNO)

Harbor Capital Advisors Inc. boosted its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 26.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,824 shares of the financial services provider's stock after buying an additional 8,465 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in CNO Financial Group were worth $1,700,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake in shares of CNO Financial Group by 368.2% during the 4th quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock worth $30,000 after acquiring an additional 626 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in CNO Financial Group by 95.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock worth $32,000 after purchasing an additional 417 shares during the period. Principal Securities Inc. boosted its position in CNO Financial Group by 51.6% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock worth $36,000 after purchasing an additional 325 shares during the period. UMB Bank n.a. grew its holdings in CNO Financial Group by 89.7% during the first 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 during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of CNO Financial Group by 148.6% in the first 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 during the period. 95.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Yvonne K. Franzese sold 2,013 shares of the company's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $42.18, for a total value of $84,908.34. Following the completion of the transaction, the insider now directly owns 26,994 shares in the company, valued at approximately $1,138,606.92. This represents a 6.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeremy David Williams sold 3,393 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $41.77, for a total transaction of $141,725.61. Following the completion of the sale, the insider now directly owns 56,599 shares in the company, valued at $2,364,140.23. This trade represents a 5.66% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,912 shares of company stock worth $1,125,523. 3.00% of the stock is currently owned by company insiders.

CNO Financial Group Stock Performance

NYSE:CNO traded down $0.86 during trading hours on Friday, hitting $36.80. 622,231 shares of the company traded hands, compared to its average volume of 701,265. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61. CNO Financial Group, Inc. has a twelve month low of $26.36 and a twelve month high of $43.20. The firm has a 50-day moving average of $38.04 and a 200 day moving average of $38.91. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 9.84 and a beta of 0.89.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings data 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 9.08% and a return on equity of 17.20%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $975.80 million. During the same quarter in the previous year, the firm posted $0.52 EPS. The business's revenue was down 13.2% compared to the same quarter last year. On average, 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 will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be issued a $0.17 dividend. This is a boost from CNO Financial Group's previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, June 10th. This represents a $0.68 annualized dividend and a yield of 1.85%. CNO Financial Group's dividend payout ratio is 23.78%.

Wall Street Analyst Weigh In

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

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.