Arizona State Retirement System Sells 1,029 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Arizona State Retirement System lessened its position in CNO Financial Group, Inc. (NYSE:CNO) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,588 shares of the financial services provider’s stock after selling 1,029 shares during the period. Arizona State Retirement System’s holdings in CNO Financial Group were worth $881,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of CNO Financial Group by 0.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 66,286 shares of the financial services provider’s stock worth $1,515,000 after buying an additional 466 shares in the last quarter. Cim Investment Management Inc. lifted its position in CNO Financial Group by 3.6% during the first quarter. Cim Investment Management Inc. now owns 14,675 shares of the financial services provider’s stock valued at $326,000 after purchasing an additional 504 shares during the period. Legal & General Group Plc lifted its position in CNO Financial Group by 0.3% during the fourth quarter. Legal & General Group Plc now owns 176,787 shares of the financial services provider’s stock valued at $4,040,000 after purchasing an additional 508 shares during the period. Assetmark Inc. lifted its position in CNO Financial Group by 18.0% during the third quarter. Assetmark Inc. now owns 4,166 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 634 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in CNO Financial Group by 23.2% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,438 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 835 shares during the period. Institutional investors own 95.43% of the company’s stock.

Analyst Ratings Changes

CNO has been the topic of a number of research analyst reports. StockNews.com downgraded shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Evercore ISI increased their price objective on shares of CNO Financial Group from $26.00 to $27.00 and gave the company an “underperform” rating in a research report on Wednesday, February 28th. Royal Bank of Canada increased their price objective on shares of CNO Financial Group from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Finally, Piper Sandler upgraded shares of CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 price target on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $27.50.

Insider Activity

In other news, insider Karen Detoro sold 1,282 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $27.00, for a total transaction of $34,614.00. Following the sale, the insider now directly owns 79,057 shares in the company, valued at approximately $2,134,539. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Matthew J. Zimpfer sold 3,220 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $26.76, for a total transaction of $86,167.20. Following the sale, the executive vice president now directly owns 278,997 shares in the company, valued at approximately $7,465,959.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karen Detoro sold 1,282 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $27.00, for a total transaction of $34,614.00. Following the sale, the insider now owns 79,057 shares in the company, valued at $2,134,539. The disclosure for this sale can be found here. Insiders have sold 152,590 shares of company stock worth $4,116,255 in the last three months. Company insiders own 3.21% of the company’s stock.

CNO Financial Group Stock Up 1.6 %

CNO opened at $25.61 on Wednesday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. CNO Financial Group, Inc. has a 1-year low of $19.95 and a 1-year high of $28.39. The company has a market capitalization of $2.79 billion, a PE ratio of 10.62 and a beta of 1.03. The firm’s 50 day simple moving average is $26.75 and its two-hundred day simple moving average is $26.15.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.33. CNO Financial Group had a net margin of 6.67% and a return on equity of 17.51%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $934.05 million. As a group, equities analysts forecast that CNO Financial Group, Inc. will post 3.14 EPS for the current year.

CNO Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given 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 dividend yield of 2.34%. CNO Financial Group’s payout ratio is 24.90%.

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.