New York State Teachers Retirement System Grows Stock Position in CNO Financial Group, Inc. (NYSE:CNO)

New York State Teachers Retirement System lifted its stake in CNO Financial Group, Inc. (NYSE:CNO) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 166,380 shares of the financial services provider’s stock after buying an additional 10,523 shares during the period. New York State Teachers Retirement System owned approximately 0.15% of CNO Financial Group worth $4,642,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. American Century Companies Inc. increased its holdings in shares of CNO Financial Group by 10.2% in the third quarter. American Century Companies Inc. now owns 1,350,120 shares of the financial services provider’s stock worth $32,038,000 after buying an additional 125,047 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of CNO Financial Group by 97.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 587,569 shares of the financial services provider’s stock worth $16,393,000 after buying an additional 290,585 shares during the period. Hsbc Holdings PLC purchased a new position in shares of CNO Financial Group in the third quarter worth about $1,257,000. Massachusetts Financial Services Co. MA increased its holdings in shares of CNO Financial Group by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,838,581 shares of the financial services provider’s stock worth $43,630,000 after buying an additional 22,012 shares during the period. Finally, Ibex Wealth Advisors purchased a new position in shares of CNO Financial Group in the third quarter worth about $466,000. Hedge funds and other institutional investors own 95.43% of the company’s stock.

CNO Financial Group Stock Performance

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

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.33. The business had revenue of $1.17 billion for 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%. As a group, analysts expect that CNO Financial Group, Inc. will post 3.14 earnings per share 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. Shareholders 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 yield of 2.36%. CNO Financial Group’s payout ratio is 24.90%.

Insider Buying and Selling at CNO Financial Group

In other CNO Financial Group news, CEO Gary C. Bhojwani sold 20,200 shares of CNO Financial Group stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $27.31, for a total transaction of $551,662.00. Following the sale, the chief executive officer now directly owns 293,802 shares of the company’s stock, valued at approximately $8,023,732.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other CNO Financial Group news, CEO Gary C. Bhojwani sold 20,200 shares of CNO Financial Group stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $27.31, for a total transaction of $551,662.00. Following the sale, the chief executive officer now directly owns 293,802 shares of the company’s stock, valued at approximately $8,023,732.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gary C. Bhojwani sold 16,837 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $27.00, for a total value of $454,599.00. Following the completion of the sale, the chief executive officer now directly owns 406,808 shares in the company, valued at $10,983,816. The disclosure for this sale can be found here. In the last three months, insiders have sold 152,590 shares of company stock valued at $4,116,255. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

About CNO Financial Group

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.