Retirement Systems of Alabama Has $11.17 Million Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Retirement Systems of Alabama reduced its position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 7.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 318,080 shares of the financial services provider's stock after selling 25,339 shares during the period. Retirement Systems of Alabama owned about 0.31% of CNO Financial Group worth $11,165,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. CWM LLC lifted its position in CNO Financial Group by 64.1% in the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider's stock worth $32,000 after buying an additional 447 shares in the last quarter. Quarry LP raised its position in CNO Financial Group by 123.2% during the second quarter. Quarry LP now owns 1,694 shares of the financial services provider's stock valued at $47,000 after acquiring an additional 935 shares in the last quarter. Blue Trust Inc. lifted its stake in CNO Financial Group by 25.4% in the second quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider's stock valued at $66,000 after acquiring an additional 483 shares during the last quarter. GAMMA Investing LLC grew its position in CNO Financial Group by 141.8% in the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider's stock worth $70,000 after acquiring an additional 1,164 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new stake in CNO Financial Group in the second quarter worth approximately $89,000. Institutional investors and hedge funds own 95.43% of the company's stock.

CNO Financial Group Stock Performance

CNO Financial Group stock traded down $0.76 on Tuesday, hitting $37.52. The company's stock had a trading volume of 799,546 shares, compared to its average volume of 732,788. The company has a fifty day moving average price of $37.56 and a 200-day moving average price of $33.49. The firm has a market cap of $3.87 billion, a P/E ratio of 15.13 and a beta of 1.02. CNO Financial Group, Inc. has a one year low of $24.92 and a one year high of $40.91. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.29. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $945.44 million. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The company's quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.88 earnings per share. On average, equities analysts anticipate that CNO Financial Group, Inc. will post 3.73 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Tuesday, December 10th. CNO Financial Group's dividend payout ratio (DPR) is 25.81%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of CNO Financial Group from $38.00 to $40.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Piper Sandler raised their price objective on CNO Financial Group from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Finally, Jefferies Financial Group upped their target price on CNO Financial Group from $36.00 to $41.00 and gave the stock a "hold" rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, CNO Financial Group presently has a consensus rating of "Hold" and a consensus target price of $35.80.

Insiders Place Their Bets

In related news, CIO Eric R. Johnson sold 3,978 shares of CNO Financial Group stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $39.09, for a total value of $155,500.02. Following the completion of the transaction, the executive now directly owns 631,844 shares of the company's stock, valued at $24,698,781.96. The trade was a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeremy David Williams sold 4,783 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $40.09, for a total transaction of $191,750.47. Following the sale, the insider now directly owns 62,121 shares in the company, valued at approximately $2,490,430.89. This represents a 7.15 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

CNO Financial Group 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.