California Public Employees Retirement System Reduces Holdings in CNO Financial Group, Inc. (NYSE:CNO)

California Public Employees Retirement System decreased its position in shares of CNO Financial Group, Inc. (NYSE:CNOGet Rating) by 6.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 262,970 shares of the financial services provider’s stock after selling 17,477 shares during the quarter. California Public Employees Retirement System’s holdings in CNO Financial Group were worth $4,757,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Crossmark Global Holdings Inc. grew its holdings in shares of CNO Financial Group by 5.8% during the first quarter. Crossmark Global Holdings Inc. now owns 11,720 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 640 shares during the last quarter. Vident Investment Advisory LLC grew its holdings in shares of CNO Financial Group by 2.9% during the first quarter. Vident Investment Advisory LLC now owns 30,096 shares of the financial services provider’s stock worth $754,000 after purchasing an additional 859 shares during the last quarter. Yousif Capital Management LLC grew its holdings in shares of CNO Financial Group by 1.2% during the first quarter. Yousif Capital Management LLC now owns 72,228 shares of the financial services provider’s stock worth $1,812,000 after purchasing an additional 870 shares during the last quarter. US Bancorp DE boosted its stake in shares of CNO Financial Group by 19.1% during the second quarter. US Bancorp DE now owns 5,833 shares of the financial services provider’s stock worth $105,000 after buying an additional 934 shares during the period. Finally, Profund Advisors LLC boosted its stake in shares of CNO Financial Group by 10.7% during the first quarter. Profund Advisors LLC now owns 10,597 shares of the financial services provider’s stock worth $266,000 after buying an additional 1,023 shares during the period. Hedge funds and other institutional investors own 98.32% of the company’s stock.

CNO Financial Group Price Performance

Shares of NYSE:CNO opened at $23.04 on Friday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 2.14. The company has a market cap of $2.64 billion, a P/E ratio of 5.86 and a beta of 1.15. CNO Financial Group, Inc. has a 52 week low of $16.56 and a 52 week high of $26.74. The company has a 50-day moving average price of $20.41 and a 200 day moving average price of $19.41.

CNO Financial Group (NYSE:CNOGet Rating) last announced its quarterly earnings data on Monday, October 31st. The financial services provider reported $0.49 EPS for the quarter, meeting analysts’ consensus estimates of $0.49. The firm had revenue of $905.30 million during the quarter, compared to the consensus estimate of $893.80 million. CNO Financial Group had a net margin of 12.76% and a return on equity of 10.16%. The firm’s revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 earnings per share. Research analysts predict that CNO Financial Group, Inc. will post 2.27 earnings per share for the current year.

CNO Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Friday, December 9th will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, December 8th. This represents a $0.56 dividend on an annualized basis and a yield of 2.43%. CNO Financial Group’s payout ratio is currently 14.25%.

Analysts Set New Price Targets

CNO has been the subject of several recent research reports. StockNews.com initiated coverage on shares of CNO Financial Group in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Royal Bank of Canada increased their target price on shares of CNO Financial Group from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 2nd. Morgan Stanley increased their target price on shares of CNO Financial Group from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 17th. Finally, Piper Sandler increased their target price on shares of CNO Financial Group from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, October 7th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $23.75.

About CNO Financial Group

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CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products 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.

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Institutional Ownership by Quarter for CNO Financial Group (NYSE:CNO)

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