CNO Financial Group Inc (NYSE:CNO) Stake Increased by California State Teachers Retirement System

California State Teachers Retirement System grew its position in shares of CNO Financial Group Inc (NYSE:CNO) by 2.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 267,370 shares of the financial services provider’s stock after purchasing an additional 7,184 shares during the quarter. California State Teachers Retirement System owned 0.16% of CNO Financial Group worth $3,978,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of CNO Financial Group by 17.0% during the 3rd quarter. BlackRock Inc. now owns 19,514,213 shares of the financial services provider’s stock worth $414,094,000 after acquiring an additional 2,839,109 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of CNO Financial Group by 1,388.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 982,214 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 916,205 shares during the period. Man Group plc grew its position in CNO Financial Group by 295.6% during the third quarter. Man Group plc now owns 958,378 shares of the financial services provider’s stock worth $20,337,000 after buying an additional 716,133 shares in the last quarter. Prudential Financial Inc. boosted its holdings in CNO Financial Group by 48.0% during the fourth quarter. Prudential Financial Inc. now owns 2,195,402 shares of the financial services provider’s stock valued at $32,668,000 after purchasing an additional 712,068 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of CNO Financial Group in the 3rd quarter worth approximately $10,972,000. Institutional investors own 96.76% of the company’s stock.

CNO traded down $0.23 during midday trading on Friday, reaching $16.93. The company had a trading volume of 750,037 shares, compared to its average volume of 912,205. CNO Financial Group Inc has a 12-month low of $13.64 and a 12-month high of $22.93. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.76. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 9.25 and a beta of 1.30.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Tuesday, February 12th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.14). CNO Financial Group had a negative net margin of 7.30% and a positive return on equity of 7.57%. The business had revenue of $778.20 million during the quarter, compared to the consensus estimate of $981.90 million. During the same period last year, the firm earned $0.51 EPS. The business’s revenue for the quarter was down 28.6% on a year-over-year basis. As a group, sell-side analysts anticipate that CNO Financial Group Inc will post 2.1 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Friday, March 8th. CNO Financial Group’s dividend payout ratio (DPR) is currently 21.86%.

In related news, insider Gerardo Monroy sold 16,055 shares of the company’s stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $16.25, for a total transaction of $260,893.75. Following the sale, the insider now owns 22,140 shares of the company’s stock, valued at approximately $359,775. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Erik M. Helding sold 11,845 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $16.08, for a total transaction of $190,467.60. Following the sale, the chief financial officer now directly owns 78,445 shares in the company, valued at approximately $1,261,395.60. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Several equities analysts have recently issued reports on CNO shares. Zacks Investment Research lowered shares of CNO Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $21.00 target price on shares of CNO Financial Group in a report on Thursday, February 14th. ValuEngine cut shares of CNO Financial Group from a “sell” rating to a “strong sell” rating in a report on Monday, February 25th. Finally, Evercore ISI raised shares of CNO Financial Group from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 9th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. CNO Financial Group currently has a consensus rating of “Hold” and a consensus target price of $21.50.

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CNO Financial Group Company Profile

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments.

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Institutional Ownership by Quarter for CNO Financial Group (NYSE:CNO)

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