Teacher Retirement System of Texas Raises Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Teacher Retirement System of Texas increased its position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 140,221 shares of the financial services provider's stock after purchasing an additional 13,092 shares during the period. Teacher Retirement System of Texas owned 0.14% of CNO Financial Group worth $5,218,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Xponance Inc. increased its stake in shares of CNO Financial Group by 3.6% in the 4th quarter. Xponance Inc. now owns 14,799 shares of the financial services provider's stock worth $551,000 after acquiring an additional 516 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of CNO Financial Group by 151.1% during the fourth quarter. Intech Investment Management LLC now owns 64,342 shares of the financial services provider's stock valued at $2,394,000 after purchasing an additional 38,721 shares in the last quarter. Cibc World Markets Corp bought a new stake in shares of CNO Financial Group in the 4th quarter worth approximately $367,000. Corient Private Wealth LLC grew its stake in shares of CNO Financial Group by 2.6% in the 4th quarter. Corient Private Wealth LLC now owns 15,634 shares of the financial services provider's stock worth $582,000 after buying an additional 400 shares during the last quarter. Finally, Vestcor Inc increased its position in CNO Financial Group by 50.1% during the 4th quarter. Vestcor Inc now owns 24,764 shares of the financial services provider's stock valued at $921,000 after buying an additional 8,264 shares in the last quarter. Institutional investors own 95.43% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CNO shares. BMO Capital Markets assumed coverage on CNO Financial Group in a research report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 price target for the company. Royal Bank of Canada upped their target price on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods raised 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. Piper Sandler reaffirmed an "overweight" rating and issued a $46.00 price objective (up from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. Finally, Jefferies Financial Group lifted their target price on CNO Financial Group from $36.00 to $41.00 and gave the stock a "hold" rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $40.50.

Insider Buying and Selling

In other news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $41.49, for a total value of $1,692,792.00. Following the completion of the transaction, the general counsel now owns 244,943 shares of the company's stock, valued at $10,162,685.07. This represents a 14.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Yvonne K. Franzese sold 2,097 shares of CNO Financial Group stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $42.56, for a total value of $89,248.32. Following the sale, the insider now directly owns 30,321 shares in the company, valued at $1,290,461.76. This trade represents a 6.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 142,806 shares of company stock valued at $5,802,013. 3.21% of the stock is owned by corporate insiders.

CNO Financial Group Stock Performance

Shares of CNO traded down $0.11 during trading hours on Thursday, hitting $42.24. The stock had a trading volume of 561,231 shares, compared to its average volume of 655,149. CNO Financial Group, Inc. has a 12 month low of $24.92 and a 12 month high of $43.20. The stock has a fifty day moving average price of $40.32 and a 200 day moving average price of $37.93. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. The firm has a market capitalization of $4.24 billion, a PE ratio of 11.29 and a beta of 1.02.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, topping 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 anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a dividend of $0.16 per share. The ex-dividend date was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.52%. CNO Financial Group's dividend payout ratio (DPR) is presently 17.11%.

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.