Vestcor Inc Takes $579,000 Position in CNO Financial Group, Inc. (NYSE:CNO)

Vestcor Inc acquired a new stake in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,500 shares of the financial services provider's stock, valued at approximately $579,000.

A number of other institutional investors also recently added to or reduced their stakes in CNO. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of CNO Financial Group during the second quarter valued at about $852,000. DekaBank Deutsche Girozentrale lifted its position in CNO Financial Group by 680.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 34,584 shares of the financial services provider's stock valued at $949,000 after acquiring an additional 30,150 shares during the last quarter. Interval Partners LP acquired a new stake in CNO Financial Group in the second quarter valued at approximately $2,360,000. BNP Paribas Financial Markets grew its holdings in CNO Financial Group by 69.8% in the third quarter. BNP Paribas Financial Markets now owns 39,946 shares of the financial services provider's stock worth $1,402,000 after purchasing an additional 16,420 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of CNO Financial Group by 97.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 622,348 shares of the financial services provider's stock worth $17,251,000 after purchasing an additional 306,751 shares in the last quarter. Institutional investors own 95.43% of the company's stock.

CNO Financial Group Stock Performance

CNO traded down $0.11 on Friday, reaching $38.00. 444,454 shares of the stock were exchanged, compared to its average volume of 732,179. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. The company's 50-day moving average price is $37.41 and its 200 day moving average price is $33.28. The firm has a market capitalization of $3.92 billion, a PE ratio of 15.32 and a beta of 1.02. CNO Financial Group, Inc. has a fifty-two week low of $24.92 and a fifty-two week high of $40.91.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its earnings results on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.29. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $945.44 million. During the same quarter in the previous year, the company posted $0.88 earnings per share. The company's revenue was up 19.2% compared to the same quarter last year. As a group, sell-side analysts forecast that CNO Financial Group, Inc. will post 3.73 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.68%. 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 related news, CIO Eric R. Johnson sold 3,978 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $39.09, for a total value of $155,500.02. Following the completion of the transaction, the executive now directly owns 631,844 shares in the company, valued at $24,698,781.96. The trade was a 0.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeremy David Williams sold 4,783 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $40.09, for a total transaction of $191,750.47. Following the sale, the insider now owns 62,121 shares in the company, valued at approximately $2,490,430.89. This represents a 7.15 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Royal Bank of Canada raised their price objective on CNO Financial Group from $38.00 to $40.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. Jefferies Financial Group increased their price target on CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a research note on Tuesday. Finally, Piper Sandler boosted their price target on CNO Financial Group from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $35.80.

CNO Financial Group 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.