California Public Employees Retirement System Has $5.84 Million Holdings in CNO Financial Group, Inc. (NYSE:CNO)

California Public Employees Retirement System cut its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 209,174 shares of the financial services provider’s stock after selling 5,147 shares during the quarter. California Public Employees Retirement System’s holdings in CNO Financial Group were worth $5,836,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Calamos Advisors LLC acquired a new position in CNO Financial Group in the fourth quarter valued at approximately $1,063,000. Federated Hermes Inc. increased its holdings in shares of CNO Financial Group by 1.7% during the fourth quarter. Federated Hermes Inc. now owns 461,621 shares of the financial services provider’s stock valued at $12,879,000 after acquiring an additional 7,864 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of CNO Financial Group during the fourth quarter valued at approximately $50,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of CNO Financial Group by 16.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,423 shares of the financial services provider’s stock valued at $737,000 after acquiring an additional 3,817 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in shares of CNO Financial Group during the fourth quarter valued at approximately $879,000. 95.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CNO Financial Group

In other news, CEO Gary C. Bhojwani sold 16,837 shares of CNO Financial Group stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $27.00, for a total transaction of $454,599.00. Following the sale, the chief executive officer now directly owns 406,808 shares in the company, valued at approximately $10,983,816. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Gary C. Bhojwani sold 16,837 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $27.00, for a total transaction of $454,599.00. Following the completion of the sale, the chief executive officer now owns 406,808 shares in the company, valued at approximately $10,983,816. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Karen Detoro sold 2,778 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $27.10, for a total value of $75,283.80. Following the completion of the transaction, the insider now owns 69,605 shares in the company, valued at approximately $1,886,295.50. The disclosure for this sale can be found here. Insiders sold 152,590 shares of company stock worth $4,116,255 in the last quarter. 3.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Royal Bank of Canada boosted their price objective on CNO Financial Group from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Piper Sandler upgraded CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 price objective for the company in a report on Tuesday, April 16th. StockNews.com downgraded CNO Financial Group from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Finally, Evercore ISI boosted their price objective on CNO Financial Group from $26.00 to $27.00 and gave the company an “underperform” rating in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, CNO Financial Group has an average rating of “Hold” and a consensus target price of $27.50.

CNO Financial Group Stock Performance

Shares of CNO stock opened at $27.11 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.18 and a quick ratio of 0.19. The firm has a 50-day moving average of $26.61 and a 200-day moving average of $26.39. CNO Financial Group, Inc. has a one year low of $19.95 and a one year high of $28.39. The company has a market cap of $2.95 billion, a P/E ratio of 7.90 and a beta of 1.03.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Monday, April 29th. The financial services provider reported $0.52 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.12). CNO Financial Group had a net margin of 9.07% and a return on equity of 16.77%. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $935.76 million. During the same quarter last year, the business posted $0.51 EPS. The company’s quarterly revenue was up 15.0% on a year-over-year basis. Equities research analysts forecast that CNO Financial Group, Inc. will post 3.1 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a $0.15 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.60 annualized dividend and a yield of 2.21%. CNO Financial Group’s dividend payout ratio is currently 17.49%.

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.