CNO Financial Group, Inc. (NYSE:CNO) Position Cut by California Public Employees Retirement System

California Public Employees Retirement System reduced its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 14.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 162,579 shares of the financial services provider's stock after selling 26,612 shares during the quarter. California Public Employees Retirement System owned 0.16% of CNO Financial Group worth $6,050,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Principal Securities Inc. increased its stake in CNO Financial Group by 51.6% in the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock valued at $36,000 after buying an additional 325 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of CNO Financial Group by 58.7% in the fourth quarter. Pacer Advisors Inc. now owns 24,580 shares of the financial services provider's stock valued at $915,000 after acquiring an additional 9,096 shares in the last quarter. Blue Trust Inc. increased its stake in shares of CNO Financial Group by 7.4% during the fourth quarter. Blue Trust Inc. now owns 6,737 shares of the financial services provider's stock worth $236,000 after acquiring an additional 464 shares during the period. KBC Group NV raised its holdings in CNO Financial Group by 49.0% during the fourth quarter. KBC Group NV now owns 4,990 shares of the financial services provider's stock worth $186,000 after purchasing an additional 1,641 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of CNO Financial Group in the fourth quarter valued at approximately $903,000. Institutional investors and hedge funds own 95.43% of the company's stock.

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CNO Financial Group Price Performance

CNO Financial Group stock traded up $0.31 during mid-day trading on Friday, hitting $36.82. 820,900 shares of the company were exchanged, compared to its average volume of 716,248. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. CNO Financial Group, Inc. has a 12-month low of $25.08 and a 12-month high of $43.20. The business's 50 day simple moving average is $40.25 and its two-hundred day simple moving average is $38.40. The company has a market capitalization of $3.69 billion, a P/E ratio of 9.84 and a beta of 0.90.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, beating 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 17.20%. Analysts forecast that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a dividend of $0.16 per share. The ex-dividend date was Monday, March 10th. This represents a $0.64 annualized dividend and a yield of 1.74%. CNO Financial Group's dividend payout ratio (DPR) is presently 17.11%.

Insiders Place Their Bets

In other CNO Financial Group news, insider Jeremy David Williams sold 11,300 shares of the firm's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $41.51, for a total value of $469,063.00. Following the transaction, the insider now directly owns 65,299 shares of the company's stock, valued at $2,710,561.49. This trade represents a 14.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Yvonne K. Franzese sold 2,013 shares of CNO Financial Group stock in a transaction on Friday, March 28th. The stock was sold at an average price of $42.18, for a total transaction of $84,908.34. Following the sale, the insider now directly owns 26,994 shares in the company, valued at $1,138,606.92. This trade represents a 6.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 159,512 shares of company stock valued at $6,497,710. Insiders own 3.00% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CNO. Piper Sandler upped their price target on shares of CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods lifted their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a research report on Wednesday, February 12th. BMO Capital Markets began coverage on CNO Financial Group in a research note on Thursday, January 23rd. They set a "market perform" rating and a $38.00 price target on the stock. Finally, Royal Bank of Canada raised their price objective on CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $41.00.

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.