Arizona State Retirement System Sells 1,029 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Arizona State Retirement System lessened its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 3.2% in the 4th quarter, HoldingsChannel reports. The fund owned 31,588 shares of the financial services provider’s stock after selling 1,029 shares during the period. Arizona State Retirement System’s holdings in CNO Financial Group were worth $881,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of CNO Financial Group by 0.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 66,286 shares of the financial services provider’s stock worth $1,515,000 after acquiring an additional 466 shares in the last quarter. Cim Investment Management Inc. increased its stake in CNO Financial Group by 3.6% during the 1st quarter. Cim Investment Management Inc. now owns 14,675 shares of the financial services provider’s stock valued at $326,000 after purchasing an additional 504 shares in the last quarter. Legal & General Group Plc increased its stake in CNO Financial Group by 0.3% during the 4th quarter. Legal & General Group Plc now owns 176,787 shares of the financial services provider’s stock valued at $4,040,000 after purchasing an additional 508 shares in the last quarter. Assetmark Inc. increased its stake in CNO Financial Group by 18.0% during the 3rd quarter. Assetmark Inc. now owns 4,166 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 634 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in CNO Financial Group by 23.2% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,438 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 835 shares in the last quarter. Institutional investors own 95.43% of the company’s stock.

CNO Financial Group Stock Up 1.6 %

CNO stock opened at $25.61 on Wednesday. The firm’s fifty day simple moving average is $26.75 and its 200-day simple moving average is $26.15. The company has a market capitalization of $2.79 billion, a P/E ratio of 10.62 and a beta of 1.03. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. CNO Financial Group, Inc. has a 12 month low of $19.95 and a 12 month high of $28.39.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $0.85 by $0.33. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $934.05 million. CNO Financial Group had a net margin of 6.67% and a return on equity of 17.51%. As a group, equities research analysts forecast that CNO Financial Group, Inc. will post 3.14 earnings per share for the current year.

CNO Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Thursday, March 7th. CNO Financial Group’s dividend payout ratio (DPR) is currently 24.90%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CNO. Piper Sandler upgraded shares of CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 price target on the stock in a research note on Tuesday. Royal Bank of Canada upped their price target on shares of CNO Financial Group from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Evercore ISI upped their price target on shares of CNO Financial Group from $26.00 to $27.00 and gave the company an “underperform” rating in a research note on Wednesday, February 28th. Finally, StockNews.com lowered shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.50.

Insider Activity

In other news, CEO Gary C. Bhojwani sold 20,200 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $27.31, for a total value of $551,662.00. Following the sale, the chief executive officer now directly owns 293,802 shares of the company’s stock, valued at approximately $8,023,732.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Matthew J. Zimpfer sold 3,220 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $26.76, for a total transaction of $86,167.20. Following the sale, the executive vice president now directly owns 278,997 shares of the company’s stock, valued at $7,465,959.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary C. Bhojwani sold 20,200 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $27.31, for a total transaction of $551,662.00. Following the sale, the chief executive officer now directly owns 293,802 shares in the company, valued at $8,023,732.62. The disclosure for this sale can be found here. Insiders have sold 152,590 shares of company stock valued at $4,116,255 in the last ninety days. Insiders own 3.21% of the company’s stock.

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.