State of Alaska Department of Revenue Increases Holdings in CNO Financial Group, Inc. (NYSE:CNO)

State of Alaska Department of Revenue raised its position in CNO Financial Group, Inc. (NYSE:CNO) by 3.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,290 shares of the financial services provider’s stock after buying an additional 415 shares during the period. State of Alaska Department of Revenue’s holdings in CNO Financial Group were worth $431,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale grew its stake in CNO Financial Group by 11.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 38,711 shares of the financial services provider’s stock valued at $1,313,000 after acquiring an additional 4,127 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of CNO Financial Group by 300.9% during the third quarter. Assenagon Asset Management S.A. now owns 1,199,040 shares of the financial services provider’s stock valued at $42,086,000 after acquiring an additional 899,990 shares during the last quarter. Blue Trust Inc. raised its stake in shares of CNO Financial Group by 163.1% in the 3rd quarter. Blue Trust Inc. now owns 6,273 shares of the financial services provider’s stock valued at $220,000 after acquiring an additional 3,889 shares during the period. Net Worth Advisory Group purchased a new position in shares of CNO Financial Group during the 3rd quarter worth approximately $344,000. Finally, Trust Point Inc. acquired a new position in CNO Financial Group during the 3rd quarter worth about $217,000. Institutional investors and hedge funds own 95.43% of the company’s stock.

Insider Transactions at CNO Financial Group

In other CNO Financial Group news, insider Jeanne L. Linnenbringer sold 5,364 shares of CNO Financial Group stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $34.88, for a total value of $187,096.32. Following the sale, the insider now owns 44,884 shares of the company’s stock, valued at approximately $1,565,553.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Jeanne L. Linnenbringer sold 5,364 shares of the firm’s stock in a transaction on 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 $1,565,553.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeanne L. Linnenbringer sold 5,435 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $34.26, for a total transaction of $186,203.10. Following the completion of the sale, the insider now owns 37,663 shares in the company, valued at $1,290,334.38. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Royal Bank of Canada raised their price target on shares of CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. 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 research note on Wednesday, July 31st. Finally, Piper Sandler raised their price objective on shares of CNO Financial Group from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $34.50.

CNO Financial Group Stock Performance

Shares of CNO opened at $38.82 on Friday. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 15.65 and a beta of 1.01. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. CNO Financial Group, Inc. has a 52-week low of $24.14 and a 52-week high of $39.81. The stock has a 50 day moving average price of $34.89 and a 200 day moving average price of $31.29.

CNO Financial Group (NYSE:CNO) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $945.44 million. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. CNO Financial Group’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 EPS. Research analysts predict that CNO Financial Group, Inc. will post 3.53 EPS for the current fiscal year.

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.