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

Ontario Teachers Pension Plan Board purchased a new position in CNO Financial Group, Inc. (NYSE:CNO) in the third quarter, Holdings Channel.com reports. The fund purchased 6,469 shares of the financial services provider’s stock, valued at approximately $227,000.

Other large investors have also added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new stake in shares of CNO Financial Group in the 1st quarter worth about $52,000. Price T Rowe Associates Inc. MD lifted its holdings in CNO Financial Group by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 80,995 shares of the financial services provider’s stock worth $2,226,000 after buying an additional 4,304 shares during the period. Bayesian Capital Management LP bought a new stake in CNO Financial Group during the 1st quarter valued at approximately $203,000. EMC Capital Management grew its holdings in shares of CNO Financial Group by 23.2% during the 1st quarter. EMC Capital Management now owns 29,605 shares of the financial services provider’s stock worth $814,000 after acquiring an additional 5,579 shares during the period. Finally, First Financial Bank Trust Division bought a new position in shares of CNO Financial Group in the 2nd quarter worth approximately $343,000. Institutional investors own 95.43% of the company’s stock.

Insiders Place Their Bets

In related news, CIO Eric R. Johnson sold 3,978 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $39.09, for a total transaction of $155,500.02. Following the sale, the executive now directly owns 631,844 shares of the company’s stock, valued at $24,698,781.96. This trade represents a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeremy David Williams sold 4,783 shares of CNO Financial Group stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $40.09, for a total value of $191,750.47. Following the completion of the sale, the insider now owns 62,121 shares of the company’s stock, valued at $2,490,430.89. The trade was a 7.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,560 shares of company stock valued at $720,550. Corporate insiders own 3.00% of the company’s stock.

CNO Financial Group Price Performance

Shares of NYSE:CNO opened at $39.91 on Friday. The company has a market capitalization of $4.12 billion, a PE ratio of 16.09 and a beta of 1.01. The business has a fifty day moving average price of $35.93 and a 200-day moving average price of $32.07. CNO Financial Group, Inc. has a 1-year low of $24.92 and a 1-year high of $40.29. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) 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 business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $945.44 million. During the same period in the previous year, the company earned $0.88 earnings per share. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. As a group, equities analysts expect that CNO Financial Group, Inc. will post 3.73 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.64 annualized dividend and a yield of 1.60%. CNO Financial Group’s dividend payout ratio is 25.81%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CNO. Royal Bank of Canada upped their price target 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. Piper Sandler increased their price target on shares of CNO Financial Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Evercore ISI boosted their price objective on shares of CNO Financial Group from $27.00 to $29.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $34.50.

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.