CNO Financial Group Inc (CNO) Stake Boosted by Texas Permanent School Fund

Texas Permanent School Fund raised its holdings in shares of CNO Financial Group Inc (NYSE:CNO) by 1.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 109,123 shares of the financial services provider’s stock after purchasing an additional 1,379 shares during the period. Texas Permanent School Fund’s holdings in CNO Financial Group were worth $1,766,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can increased its position in shares of CNO Financial Group by 12.3% in the 4th quarter. Great West Life Assurance Co. Can now owns 102,164 shares of the financial services provider’s stock valued at $1,409,000 after acquiring an additional 11,180 shares during the period. Morgan Stanley increased its position in shares of CNO Financial Group by 2.3% in the 3rd quarter. Morgan Stanley now owns 802,952 shares of the financial services provider’s stock valued at $17,039,000 after acquiring an additional 18,269 shares during the period. First Citizens Bank & Trust Co. increased its position in shares of CNO Financial Group by 31.4% in the 1st quarter. First Citizens Bank & Trust Co. now owns 21,261 shares of the financial services provider’s stock valued at $344,000 after acquiring an additional 5,081 shares during the period. D. E. Shaw & Co. Inc. increased its position in shares of CNO Financial Group by 172.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 570,992 shares of the financial services provider’s stock valued at $8,496,000 after acquiring an additional 361,385 shares during the period. Finally, Campbell & CO Investment Adviser LLC increased its position in shares of CNO Financial Group by 55.1% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 27,950 shares of the financial services provider’s stock valued at $461,000 after acquiring an additional 9,934 shares during the period. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

In other CNO Financial Group news, EVP Matthew J. Zimpfer sold 15,112 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $16.51, for a total value of $249,499.12. Following the sale, the executive vice president now directly owns 149,504 shares of the company’s stock, valued at $2,468,311.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Erik M. Helding sold 11,845 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $16.08, for a total transaction of $190,467.60. Following the completion of the sale, the chief financial officer now directly owns 78,445 shares in the company, valued at $1,261,395.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,012 shares of company stock worth $700,860. 1.50% of the stock is owned by corporate insiders.

Shares of NYSE CNO traded down $0.19 during mid-day trading on Wednesday, hitting $16.59. The stock had a trading volume of 2,069 shares, compared to its average volume of 1,053,009. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.25 and a quick ratio of 0.25. CNO Financial Group Inc has a twelve month low of $13.64 and a twelve month high of $22.54. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 9.05 and a beta of 1.29.

CNO Financial Group (NYSE:CNO) last released its earnings results on Monday, April 29th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). CNO Financial Group had a negative net margin of 8.03% and a positive return on equity of 7.75%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $951.93 million. During the same period in the previous year, the company earned $0.39 earnings per share. CNO Financial Group’s revenue was up 1.5% on a year-over-year basis. Research analysts expect that CNO Financial Group Inc will post 2.02 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.65%. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, June 7th. CNO Financial Group’s dividend payout ratio is presently 21.86%.

Several research firms recently issued reports on CNO. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $21.00 target price on shares of CNO Financial Group in a research report on Thursday, February 14th. ValuEngine downgraded CNO Financial Group from a “sell” rating to a “strong sell” rating in a research report on Monday, February 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. CNO Financial Group currently has a consensus rating of “Hold” and an average target price of $21.00.

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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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