State of New Jersey Common Pension Fund D Sells 37,534 Shares of CNO Financial Group, Inc. (NYSE:CNO)

State of New Jersey Common Pension Fund D reduced its stake in CNO Financial Group, Inc. (NYSE:CNO) by 35.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,361 shares of the financial services provider’s stock after selling 37,534 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.06% of CNO Financial Group worth $1,867,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. CWM LLC grew its stake in shares of CNO Financial Group by 64.1% in the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 447 shares during the period. EntryPoint Capital LLC bought a new stake in shares of CNO Financial Group in the 1st quarter valued at approximately $52,000. Blue Trust Inc. grew its stake in shares of CNO Financial Group by 25.4% in the 2nd quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 483 shares during the period. Covestor Ltd boosted its holdings in shares of CNO Financial Group by 18.9% in the 1st quarter. Covestor Ltd now owns 3,598 shares of the financial services provider’s stock worth $99,000 after acquiring an additional 571 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of CNO Financial Group by 183.5% in the 2nd quarter. Fifth Third Bancorp now owns 4,170 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 2,699 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other CNO Financial Group news, insider Jeanne L. Linnenbringer sold 5,364 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $34.88, for a total transaction of $187,096.32. Following the completion of the transaction, the insider now owns 44,884 shares in the company, valued at approximately $1,565,553.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Jeanne L. Linnenbringer sold 5,364 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $34.88, for a total value of $187,096.32. Following the completion of the transaction, the insider now owns 44,884 shares in the company, valued at approximately $1,565,553.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeanne L. Linnenbringer sold 5,435 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $34.26, for a total value of $186,203.10. Following the completion of the transaction, the insider now owns 37,663 shares of the company’s stock, valued at approximately $1,290,334.38. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

CNO has been the topic of several recent analyst reports. Keefe, Bruyette & Woods boosted their target price on CNO Financial Group from $30.00 to $31.00 and gave the stock a “market perform” rating in a report on Monday, July 8th. Piper Sandler reissued an “overweight” rating and issued a $37.00 target price on shares of CNO Financial Group in a report on Friday, September 13th. Royal Bank of Canada boosted their target price on CNO Financial Group from $30.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Evercore ISI boosted their target price on CNO Financial Group from $27.00 to $29.00 and gave the stock an “underperform” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $33.75.

CNO Financial Group Stock Performance

CNO stock opened at $35.35 on Monday. The business’s fifty day moving average is $32.64 and its 200-day moving average is $29.19. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.66. The company has a market cap of $3.83 billion, a P/E ratio of 10.31 and a beta of 1.01. CNO Financial Group, Inc. has a twelve month low of $22.27 and a twelve month high of $35.56.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Monday, July 29th. The financial services provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.33. CNO Financial Group had a net margin of 9.96% and a return on equity of 18.30%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $929.99 million. During the same quarter in the prior year, the company earned $0.54 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts forecast that CNO Financial Group, Inc. will post 3.43 EPS for the current year.

CNO Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Tuesday, September 10th. CNO Financial Group’s dividend payout ratio (DPR) is presently 18.66%.

CNO Financial Group Company 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.