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

State of Alaska Department of Revenue trimmed its position in CNO Financial Group, Inc. (NYSE:CNO) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,770 shares of the financial services provider’s stock after selling 520 shares during the quarter. State of Alaska Department of Revenue’s holdings in CNO Financial Group were worth $437,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. raised its holdings in shares of CNO Financial Group by 300.9% in 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 in the last quarter. FMR LLC increased its position in CNO Financial Group by 28.8% during the 3rd quarter. FMR LLC now owns 1,040,619 shares of the financial services provider’s stock valued at $36,526,000 after purchasing an additional 232,631 shares during the period. Barclays PLC raised its holdings in shares of CNO Financial Group by 113.7% in the 3rd quarter. Barclays PLC now owns 219,141 shares of the financial services provider’s stock valued at $7,691,000 after purchasing an additional 116,617 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of CNO Financial Group by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider’s stock worth $66,676,000 after purchasing an additional 107,589 shares during the period. Finally, Citigroup Inc. boosted its stake in shares of CNO Financial Group by 78.0% during the third quarter. Citigroup Inc. now owns 129,925 shares of the financial services provider’s stock valued at $4,560,000 after purchasing an additional 56,932 shares in the last quarter. Institutional investors own 95.43% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Jefferies Financial Group upped their target price on CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Royal Bank of Canada upped their price objective on CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods lifted their target price on CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a research note on Wednesday. Piper Sandler reissued an “overweight” rating and set a $46.00 price target (up from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. Finally, BMO Capital Markets began coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $40.50.

Insider Activity

In other news, CIO Eric R. Johnson sold 3,978 shares of the company’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 sale, the executive now directly owns 631,844 shares of the company’s stock, valued at $24,698,781.96. This represents a 0.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Rocco F. Tarasi III sold 4,500 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $37.51, for a total transaction of $168,795.00. Following the completion of the sale, the chief marketing officer now owns 72,896 shares in the company, valued at $2,734,328.96. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,962 shares of company stock valued at $380,717. Company insiders own 3.00% of the company’s stock.

CNO Financial Group Price Performance

Shares of CNO stock opened at $41.42 on Friday. CNO Financial Group, Inc. has a fifty-two week low of $24.92 and a fifty-two week high of $42.02. 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 firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 11.07 and a beta of 1.04. The stock’s 50-day simple moving average is $38.43 and its 200-day simple moving average is $36.43.

CNO Financial Group (NYSE:CNO) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.21%. As a group, equities analysts forecast that CNO Financial Group, Inc. will post 3.79 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.16 per share. The ex-dividend date is Monday, March 10th. This represents a $0.64 annualized dividend and a yield of 1.55%. CNO Financial Group’s payout ratio is presently 17.11%.

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.