CNO Financial Group, Inc. (NYSE:CNO) Position Trimmed by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 4.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 60,460 shares of the financial services provider’s stock after selling 3,049 shares during the quarter. New York State Common Retirement Fund’s holdings in CNO Financial Group were worth $1,687,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. grew its holdings in CNO Financial Group by 97.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 587,569 shares of the financial services provider’s stock worth $16,393,000 after buying an additional 290,585 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of CNO Financial Group by 13.9% in the 3rd quarter. AQR Capital Management LLC now owns 2,189,796 shares of the financial services provider’s stock worth $51,964,000 after acquiring an additional 266,945 shares during the period. Invesco Ltd. boosted its holdings in shares of CNO Financial Group by 45.1% in the third quarter. Invesco Ltd. now owns 722,688 shares of the financial services provider’s stock valued at $17,149,000 after acquiring an additional 224,653 shares in the last quarter. American Century Companies Inc. increased its stake in shares of CNO Financial Group by 10.2% during the third quarter. American Century Companies Inc. now owns 1,350,120 shares of the financial services provider’s stock valued at $32,038,000 after acquiring an additional 125,047 shares during the period. Finally, QRG Capital Management Inc. bought a new stake in CNO Financial Group during the third quarter worth approximately $1,766,000. 95.43% of the stock is owned by institutional investors and hedge funds.

CNO Financial Group Stock Performance

Shares of NYSE CNO opened at $28.19 on Friday. The stock’s fifty day simple moving average is $26.70 and its 200 day simple moving average is $26.48. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 8.22 and a beta of 1.03. The company has a quick ratio of 0.19, a current ratio of 0.18 and a debt-to-equity ratio of 1.41. CNO Financial Group, Inc. has a 52-week low of $20.78 and a 52-week high of $28.39.

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

CNO Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.16 per share. The ex-dividend date is Monday, June 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.27%. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.15. CNO Financial Group’s payout ratio is currently 17.49%.

Analyst Ratings Changes

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

Insider Activity at CNO Financial Group

In other CNO Financial Group news, CEO Gary C. Bhojwani sold 16,837 shares of CNO Financial Group 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 transaction, 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 filing with the SEC, which is available at the SEC website. In related news, EVP Matthew J. Zimpfer sold 3,220 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $26.76, for a total value of $86,167.20. Following the completion of the sale, the executive vice president now directly owns 278,997 shares of the company’s stock, valued at approximately $7,465,959.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gary C. Bhojwani sold 16,837 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $27.00, for a total value of $454,599.00. Following the sale, the chief executive officer now owns 406,808 shares of the company’s stock, valued at $10,983,816. The disclosure for this sale can be found here. In the last 90 days, insiders sold 152,590 shares of company stock worth $4,116,255. 3.21% of the stock is owned by corporate insiders.

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.