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

New York State Common Retirement Fund decreased its holdings in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 56.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,245 shares of the financial services provider's stock after selling 43,400 shares during the quarter. New York State Common Retirement Fund's holdings in CNO Financial Group were worth $1,237,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in CNO Financial Group by 15.3% in the fourth quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider's stock valued at $85,000 after purchasing an additional 304 shares during the period. Principal Securities Inc. grew its stake in shares of CNO Financial Group by 51.6% during 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. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of CNO Financial Group by 1.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,647 shares of the financial services provider's stock worth $795,000 after buying an additional 376 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of CNO Financial Group by 3.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 12,290 shares of the financial services provider's stock worth $431,000 after buying an additional 415 shares during the period. Finally, Blue Trust Inc. boosted its holdings in CNO Financial Group by 7.4% in the fourth quarter. Blue Trust Inc. now owns 6,737 shares of the financial services provider's stock valued at $236,000 after acquiring an additional 464 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

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CNO Financial Group Stock Down 2.3 %

Shares of NYSE CNO traded down $0.93 during trading on Thursday, reaching $39.81. 140,367 shares of the stock were exchanged, compared to its average volume of 651,679. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 10.64 and a beta of 1.02. The business's 50-day moving average price is $39.27 and its 200 day moving average price is $37.21. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61. CNO Financial Group, Inc. has a twelve month low of $24.92 and a twelve month high of $42.41.

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 return on equity of 17.20% and a net margin of 9.08%. As a group, equities analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Monday, March 10th. CNO Financial Group's dividend payout ratio (DPR) is currently 17.11%.

Insider Transactions at CNO Financial Group

In related news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $40.10, for a total transaction of $1,636,080.00. Following the transaction, the general counsel now directly owns 204,143 shares in the company, valued at $8,186,134.30. This trade represents a 16.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Rocco F. Tarasi III sold 4,500 shares of the business's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $37.51, for a total transaction of $168,795.00. Following the sale, the chief marketing officer now owns 72,896 shares of the company's stock, valued at approximately $2,734,328.96. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 87,584 shares of company stock valued at $3,554,089. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Piper Sandler restated an "overweight" rating and set a $46.00 price target (up from $44.00) on shares of CNO Financial Group in a research note on Monday, February 10th. BMO Capital Markets assumed coverage on shares of CNO Financial Group in a research report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 target price for the company. Jefferies Financial Group lifted their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a research report on Tuesday, December 10th. Royal Bank of Canada increased their price objective on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Finally, Keefe, Bruyette & Woods raised their target price on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $40.50.

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.