CNO Financial Group, Inc. (NYSE:CNO) Stake Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in CNO Financial Group, Inc. (NYSE:CNO) by 10.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 140,221 shares of the financial services provider’s stock after buying an additional 13,092 shares during the quarter. Teacher Retirement System of Texas’ holdings in CNO Financial Group were worth $5,218,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC lifted its position in CNO Financial Group by 52.5% in the 3rd quarter. Intech Investment Management LLC now owns 25,621 shares of the financial services provider’s stock valued at $899,000 after purchasing an additional 8,815 shares during the last quarter. Citigroup Inc. raised its holdings in shares of CNO Financial Group by 78.0% during the third quarter. Citigroup Inc. now owns 129,925 shares of the financial services provider’s stock valued at $4,560,000 after buying an additional 56,932 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of CNO Financial Group by 53.1% during the third quarter. Cerity Partners LLC now owns 12,040 shares of the financial services provider’s stock valued at $423,000 after buying an additional 4,178 shares during the last quarter. Algert Global LLC boosted its position in shares of CNO Financial Group by 55.0% during the third quarter. Algert Global LLC now owns 148,401 shares of the financial services provider’s stock worth $5,209,000 after buying an additional 52,659 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in CNO Financial Group in the 3rd quarter worth approximately $227,000. Institutional investors and hedge funds own 95.43% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CNO. Jefferies Financial Group boosted their price target on CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Royal Bank of Canada lifted 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 note on Monday, February 10th. Piper Sandler reiterated an “overweight” rating and issued a $46.00 target price (up previously from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. Keefe, Bruyette & Woods boosted their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 12th. Finally, BMO Capital Markets began 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 objective for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, CNO Financial Group currently has a consensus rating of “Hold” and an average price target of $40.50.

Insider Activity

In other news, insider Scott L. Goldberg sold 25,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $40.11, for a total transaction of $1,022,805.00. Following the sale, the insider now owns 169,342 shares in the company, valued at $6,792,307.62. The trade was a 13.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $41.49, for a total transaction of $1,692,792.00. Following the completion of the transaction, the general counsel now directly owns 244,943 shares of the company’s stock, valued at $10,162,685.07. This represents a 14.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 132,600 shares of company stock valued at $5,372,187 over the last three months. Insiders own 3.00% of the company’s stock.

CNO Financial Group Stock Performance

NYSE:CNO opened at $41.07 on Monday. The company has a 50-day moving average of $40.04 and a 200-day moving average of $37.78. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 10.98 and a beta of 1.02. 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 $24.92 and a twelve month high of $42.41.

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

CNO Financial Group Dividend Announcement

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

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.