Ontario Teachers Pension Plan Board Takes $227,000 Position in CNO Financial Group, Inc. (NYSE:CNO)

Ontario Teachers Pension Plan Board purchased a new position in CNO Financial Group, Inc. (NYSE:CNO) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,469 shares of the financial services provider’s stock, valued at approximately $227,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC raised its stake in shares of CNO Financial Group by 64.1% in the second quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock valued at $32,000 after buying an additional 447 shares during the period. Quarry LP lifted its holdings in CNO Financial Group by 123.2% during the second quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 935 shares during the last quarter. EntryPoint Capital LLC bought a new position in CNO Financial Group during the first quarter worth about $52,000. Blue Trust Inc. raised its position in shares of CNO Financial Group by 25.4% in the second quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 483 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of CNO Financial Group by 141.8% in the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,164 shares during the period. 95.43% of the stock is owned by institutional investors.

CNO Financial Group Trading Up 1.3 %

Shares of CNO stock opened at $39.91 on Friday. CNO Financial Group, Inc. has a 52-week low of $24.92 and a 52-week high of $40.29. The business’s fifty day moving average is $35.93 and its 200 day moving average is $32.07. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. The company has a market capitalization of $4.12 billion, a PE ratio of 16.09 and a beta of 1.01.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.29. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $945.44 million. During the same period in the prior year, the business earned $0.88 earnings per share. CNO Financial Group’s revenue for the quarter was up 19.2% compared to the same quarter last year. On average, equities research analysts anticipate that CNO Financial Group, Inc. will post 3.73 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.60%. The ex-dividend date is Tuesday, December 10th. CNO Financial Group’s dividend payout ratio (DPR) is currently 25.81%.

Insider Transactions at CNO Financial Group

In other news, insider Jeremy David Williams sold 4,783 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $40.09, for a total transaction of $191,750.47. Following the transaction, the insider now directly owns 62,121 shares of the company’s stock, valued at approximately $2,490,430.89. This trade represents a 7.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeanne L. Linnenbringer sold 5,435 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $34.26, for a total value of $186,203.10. Following the completion of the sale, the insider now directly owns 37,663 shares of the company’s stock, valued at approximately $1,290,334.38. This trade represents a 12.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 19,560 shares of company stock worth $720,550. 3.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on CNO. Piper Sandler lifted their price objective on shares of CNO Financial Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Evercore ISI lifted their price target on CNO Financial Group from $27.00 to $29.00 and gave the company an “underperform” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada raised their target price on CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $34.50.

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.