State of Alaska Department of Revenue Reduces Position in CNO Financial Group, Inc. (NYSE:CNO)

State of Alaska Department of Revenue lessened its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 8.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,415 shares of the financial services provider’s stock after selling 1,110 shares during the quarter. State of Alaska Department of Revenue’s holdings in CNO Financial Group were worth $346,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Uncommon Cents Investing LLC grew its stake in CNO Financial Group by 35.5% during the 4th quarter. Uncommon Cents Investing LLC now owns 16,890 shares of the financial services provider’s stock worth $471,000 after buying an additional 4,425 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of CNO Financial Group by 97.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 587,569 shares of the financial services provider’s stock valued at $16,393,000 after purchasing an additional 290,585 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of CNO Financial Group by 63.8% in the 4th quarter. Pacer Advisors Inc. now owns 20,537 shares of the financial services provider’s stock valued at $573,000 after purchasing an additional 7,997 shares during the last quarter. Everhart Financial Group Inc. grew its stake in shares of CNO Financial Group by 8.8% in the 4th quarter. Everhart Financial Group Inc. now owns 11,874 shares of the financial services provider’s stock valued at $331,000 after purchasing an additional 963 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its stake in shares of CNO Financial Group by 85.0% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 41,126 shares of the financial services provider’s stock valued at $976,000 after purchasing an additional 18,901 shares during the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Insider Transactions at CNO Financial Group

In other news, insider Karen Detoro sold 2,778 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $27.10, for a total value of $75,283.80. Following the completion of the transaction, the insider now directly owns 69,605 shares of the company’s stock, valued at $1,886,295.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Gary C. Bhojwani sold 20,200 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $27.31, for a total value of $551,662.00. Following the completion of the transaction, the chief executive officer now directly owns 293,802 shares in the company, valued at $8,023,732.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Karen Detoro sold 2,778 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $27.10, for a total value of $75,283.80. Following the completion of the transaction, the insider now owns 69,605 shares of the company’s stock, valued at $1,886,295.50. The disclosure for this sale can be found here. Insiders sold a total of 152,590 shares of company stock valued at $4,116,255 over the last three months. 3.00% of the stock is currently owned by insiders.

CNO Financial Group Stock Up 1.0 %

CNO Financial Group stock opened at $25.42 on Friday. The stock’s 50 day moving average price is $26.80 and its 200 day moving average price is $26.12. The company has a market cap of $2.77 billion, a PE ratio of 10.55 and a beta of 1.03. CNO Financial Group, Inc. has a 1-year low of $19.95 and a 1-year high of $28.39. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.33. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $934.05 million. CNO Financial Group had a return on equity of 17.51% and a net margin of 6.67%. On average, sell-side analysts predict that CNO Financial Group, Inc. will post 3.14 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.60 annualized dividend and a yield of 2.36%. CNO Financial Group’s dividend payout ratio is presently 24.90%.

Analyst Ratings Changes

Several brokerages have weighed in on CNO. Royal Bank of Canada lifted their target price on CNO Financial Group from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Evercore ISI lifted their price target on CNO Financial Group from $26.00 to $27.00 and gave the company an “underperform” rating in a research note on Wednesday, February 28th. Finally, StockNews.com downgraded CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $27.00.

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.