State of Tennessee Department of Treasury Purchases 9,362 Shares of CNO Financial Group, Inc. (NYSE:CNO)

State of Tennessee Department of Treasury grew its position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 19.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,337 shares of the financial services provider's stock after purchasing an additional 9,362 shares during the period. State of Tennessee Department of Treasury owned approximately 0.05% of CNO Financial Group worth $2,096,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CNO. Jones Financial Companies Lllp grew its position in CNO Financial Group by 368.2% in the 4th quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock valued at $30,000 after buying an additional 626 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of CNO Financial Group by 95.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 417 shares in the last quarter. Principal Securities Inc. increased its stake in shares of CNO Financial Group by 51.6% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 325 shares during the period. Headlands Technologies LLC raised its holdings in CNO Financial Group by 193.2% during the fourth quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock worth $50,000 after purchasing an additional 881 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in CNO Financial Group in the fourth quarter worth approximately $54,000. Institutional investors own 95.43% of the company's stock.

CNO Financial Group Trading Up 3.0 %

CNO traded up $1.10 during trading on Friday, reaching $38.22. The company had a trading volume of 732,305 shares, compared to its average volume of 711,653. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. CNO Financial Group, Inc. has a 12-month low of $26.36 and a 12-month high of $43.20. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 10.22 and a beta of 0.90. The firm's 50-day simple moving average is $39.54 and its 200 day simple moving average is $38.76.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $975.80 million. During the same quarter in the prior year, the firm earned $0.52 EPS. The firm's quarterly revenue was down 13.2% on a year-over-year basis. Equities research analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.17 per share. This is an increase from CNO Financial Group's previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.78%. CNO Financial Group's payout ratio is currently 22.38%.

Insider Activity at CNO Financial Group

In related news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $40.10, for a total transaction of $1,636,080.00. Following the transaction, the general counsel now directly owns 204,143 shares of the company's stock, valued at approximately $8,186,134.30. The trade was a 16.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeremy David Williams sold 3,393 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $41.77, for a total transaction of $141,725.61. Following the completion of the sale, the insider now owns 56,599 shares of the company's stock, valued at approximately $2,364,140.23. The trade was a 5.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 159,512 shares of company stock valued at $6,497,710. Company insiders own 3.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CNO shares. BMO Capital Markets began coverage on CNO Financial Group in a report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 price objective for the company. Keefe, Bruyette & Woods upped their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a report on Wednesday, February 12th. Royal Bank of Canada raised their price objective on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Finally, Piper Sandler boosted their target price on shares of CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, CNO Financial Group presently has a consensus rating of "Hold" and an average target price of $41.00.

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.