CNO Financial Group, Inc. (NYSE:CNO) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 7.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 138,574 shares of the financial services provider’s stock after selling 10,380 shares during the period. New York State Teachers Retirement System’s holdings in CNO Financial Group were worth $4,864,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Blair William & Co. IL boosted its stake in shares of CNO Financial Group by 2.1% in the first quarter. Blair William & Co. IL now owns 19,189 shares of the financial services provider’s stock valued at $527,000 after purchasing an additional 399 shares during the period. State of Alaska Department of Revenue boosted its position in CNO Financial Group by 3.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 12,290 shares of the financial services provider’s stock valued at $431,000 after buying an additional 415 shares during the period. CWM LLC increased its position in shares of CNO Financial Group by 64.1% during the second quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 447 shares during the period. Blue Trust Inc. raised its stake in shares of CNO Financial Group by 25.4% in the second quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 483 shares in the last quarter. Finally, Point72 Hong Kong Ltd boosted its holdings in CNO Financial Group by 1.8% in the second quarter. Point72 Hong Kong Ltd now owns 28,700 shares of the financial services provider’s stock valued at $796,000 after purchasing an additional 511 shares during the period. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

CNO Financial Group Stock Performance

Shares of CNO opened at $35.83 on Wednesday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. CNO Financial Group, Inc. has a 52-week low of $24.00 and a 52-week high of $36.95. The stock has a 50 day moving average price of $34.59 and a 200 day moving average price of $31.02. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 14.45 and a beta of 1.01.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.29. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $945.44 million. During the same period last year, the firm posted $0.88 EPS. The company’s revenue was up 19.2% on a year-over-year basis. Research analysts predict that CNO Financial Group, Inc. will post 3.43 EPS for the current fiscal year.

Insider Transactions at CNO Financial Group

In other CNO Financial Group news, insider Jeanne L. Linnenbringer sold 5,435 shares of CNO Financial Group stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $34.26, for a total transaction of $186,203.10. Following the transaction, the insider now owns 37,663 shares of the company’s stock, valued at $1,290,334.38. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Jeanne L. Linnenbringer sold 5,435 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $34.26, for a total transaction of $186,203.10. Following the completion of the sale, the insider now owns 37,663 shares in the company, valued at $1,290,334.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeanne L. Linnenbringer sold 5,364 shares of CNO Financial Group stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $34.88, for a total transaction of $187,096.32. Following the completion of the transaction, the insider now owns 44,884 shares in the company, valued at approximately $1,565,553.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CNO shares. Piper Sandler lifted their price objective on CNO Financial Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Evercore ISI increased their price objective on shares of CNO Financial Group from $27.00 to $29.00 and gave the company an “underperform” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada lifted their price objective on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $34.50.

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.