CNO Financial Group, Inc. (NYSE:CNO) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 135,352 shares of the financial services provider’s stock after selling 3,222 shares during the period. New York State Teachers Retirement System owned about 0.13% of CNO Financial Group worth $5,036,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. lifted its position in 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 worth $42,086,000 after buying an additional 899,990 shares in the last quarter. FMR LLC grew its stake 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 worth $36,526,000 after purchasing an additional 232,631 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in CNO Financial Group by 37.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 671,636 shares of the financial services provider’s stock worth $24,945,000 after buying an additional 181,711 shares during the last quarter. Barclays PLC lifted its holdings in CNO Financial Group by 113.7% during the 3rd quarter. Barclays PLC now owns 219,141 shares of the financial services provider’s stock worth $7,691,000 after buying an additional 116,617 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in CNO Financial Group by 6.0% during 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 buying an additional 107,589 shares during the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

CNO Financial Group Trading Down 2.1 %

Shares of CNO opened at $40.64 on Friday. CNO Financial Group, Inc. has a twelve month low of $24.92 and a twelve month high of $42.02. The firm has a market capitalization of $4.19 billion, a P/E ratio of 10.86 and a beta of 1.04. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61. The stock’s fifty day simple moving average is $38.68 and its 200 day simple moving average is $36.64.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.25. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. On average, equities research analysts forecast that CNO Financial Group, Inc. will post 3.79 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.57%. CNO Financial Group’s dividend payout ratio is presently 17.11%.

Insider Buying and Selling

In other CNO Financial Group news, CMO Rocco F. Tarasi III sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $37.51, for a total value of $168,795.00. Following the transaction, the chief marketing officer now owns 72,896 shares of the company’s stock, valued at $2,734,328.96. This trade represents a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods boosted their target price on CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. Jefferies Financial Group boosted their target price on CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. BMO Capital Markets assumed coverage on 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. Piper Sandler reaffirmed an “overweight” rating and issued a $46.00 target price (up previously from $44.00) on shares of CNO Financial Group in a research note on Monday, February 10th. Finally, Royal Bank of Canada increased their price target 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, CNO Financial Group has a consensus rating of “Hold” and an average price target of $40.50.

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.