CNO Financial Group, Inc. (NYSE:CNO) Position Lowered by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in CNO Financial Group, Inc. (NYSE:CNO) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,794 shares of the financial services provider’s stock after selling 520 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in CNO Financial Group were worth $848,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC increased its holdings in shares of CNO Financial Group by 52.5% in the 3rd quarter. Intech Investment Management LLC now owns 25,621 shares of the financial services provider’s stock valued at $899,000 after acquiring an additional 8,815 shares during the last quarter. Citigroup Inc. increased its stake in CNO Financial Group by 78.0% during the third quarter. Citigroup Inc. now owns 129,925 shares of the financial services provider’s stock valued at $4,560,000 after purchasing an additional 56,932 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of CNO Financial Group by 53.1% during the third quarter. Cerity Partners LLC now owns 12,040 shares of the financial services provider’s stock worth $423,000 after purchasing an additional 4,178 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of CNO Financial Group in the 3rd quarter worth about $227,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of CNO Financial Group in the 3rd quarter valued at about $311,000. Institutional investors and hedge funds own 95.43% of the company’s stock.

Insider Transactions at CNO Financial Group

In other news, insider Scott L. Goldberg sold 25,500 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $40.02, for a total value of $1,020,510.00. Following the completion of the sale, the insider now owns 169,342 shares in the company, valued at $6,777,066.84. This represents a 13.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of CNO Financial Group stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $40.10, for a total value of $1,636,080.00. Following the transaction, the general counsel now directly owns 204,143 shares in the company, valued at approximately $8,186,134.30. The trade was a 16.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 142,806 shares of company stock valued at $5,802,013. Company insiders own 3.21% of the company’s stock.

CNO Financial Group Stock Performance

Shares of CNO stock opened at $42.34 on Thursday. CNO Financial Group, Inc. has a 12-month low of $24.92 and a 12-month high of $43.20. 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 $4.25 billion, a price-to-earnings ratio of 11.32 and a beta of 1.02. The business has a 50 day simple moving average of $40.32 and a 200 day simple moving average of $37.93.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping 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%. On average, equities research 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 announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.64 annualized dividend and a yield of 1.51%. CNO Financial Group’s payout ratio is 17.11%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CNO shares. Piper Sandler reiterated an “overweight” rating and set a $46.00 price objective (up previously from $44.00) on shares of CNO Financial Group in a research note on Monday, February 10th. Keefe, Bruyette & Woods increased their price target on CNO Financial Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 12th. Royal Bank of Canada boosted their price objective on CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Jefferies Financial Group increased 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. Finally, BMO Capital Markets initiated coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $40.50.

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.