Charles Schwab Investment Management Inc. Has $42.06 Million Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Charles Schwab Investment Management Inc. lessened its stake in CNO Financial Group, Inc. (NYSE:CNO) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,198,186 shares of the financial services provider’s stock after selling 11,532 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.13% of CNO Financial Group worth $42,056,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CNO. Intech Investment Management LLC boosted its position in CNO Financial Group by 52.5% during the third quarter. Intech Investment Management LLC now owns 25,621 shares of the financial services provider’s stock worth $899,000 after purchasing an additional 8,815 shares during the period. Ontario Teachers Pension Plan Board bought a new position in CNO Financial Group during the 3rd quarter worth $227,000. Quest Partners LLC boosted its position in shares of CNO Financial Group by 6.9% in the third quarter. Quest Partners LLC now owns 33,325 shares of the financial services provider’s stock valued at $1,170,000 after acquiring an additional 2,158 shares during the period. Connable Office Inc. acquired a new position in shares of CNO Financial Group in the third quarter valued at about $207,000. Finally, KBC Group NV increased its position in CNO Financial Group by 26.7% during the third quarter. KBC Group NV now owns 3,349 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 706 shares during the period. 95.43% of the stock is owned by institutional investors.

CNO Financial Group Stock Performance

NYSE CNO opened at $39.40 on Tuesday. CNO Financial Group, Inc. has a fifty-two week low of $24.92 and a fifty-two week high of $40.91. The firm’s fifty day moving average price is $36.60 and its two-hundred day moving average price is $32.64. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a market cap of $4.07 billion, a PE ratio of 16.09 and a beta of 1.01.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.29. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $945.44 million. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 EPS. On average, equities analysts expect that CNO Financial Group, Inc. will post 3.73 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Tuesday, December 10th. CNO Financial Group’s dividend payout ratio is presently 25.81%.

Insiders Place Their Bets

In related news, CIO Eric R. Johnson sold 3,978 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $39.09, for a total value of $155,500.02. Following the completion of the sale, the executive now directly owns 631,844 shares of the company’s stock, valued at $24,698,781.96. The trade was a 0.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeanne L. Linnenbringer sold 5,435 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $34.26, for a total value of $186,203.10. Following the transaction, the insider now directly owns 37,663 shares in the company, valued at $1,290,334.38. The trade was a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,196 shares of company stock worth $533,454. 3.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Royal Bank of Canada increased their target price on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Piper Sandler boosted their price target on CNO Financial Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, CNO Financial Group currently has an average rating of “Hold” and an average price target 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.