State of Tennessee Department of Treasury Boosts Holdings in CNO Financial Group, Inc. (NYSE:CNO)

State of Tennessee Department of Treasury lifted its position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 19.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,337 shares of the financial services provider's stock after purchasing an additional 9,362 shares during the quarter. State of Tennessee Department of Treasury owned 0.05% of CNO Financial Group worth $2,096,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of CNO Financial Group by 15.3% during the fourth quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider's stock valued at $85,000 after buying an additional 304 shares during the last quarter. Principal Securities Inc. boosted its stake in CNO Financial Group by 51.6% during the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 325 shares during the last quarter. Mariner LLC increased its holdings in CNO Financial Group by 6.7% during the 4th quarter. Mariner LLC now owns 6,116 shares of the financial services provider's stock worth $228,000 after purchasing an additional 385 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of CNO Financial Group by 5.3% in the fourth quarter. HighTower Advisors LLC now owns 7,873 shares of the financial services provider's stock worth $293,000 after purchasing an additional 394 shares during the last quarter. Finally, Corient Private Wealth LLC raised its stake in shares of CNO Financial Group by 2.6% in the fourth quarter. Corient Private Wealth LLC now owns 15,634 shares of the financial services provider's stock worth $582,000 after purchasing an additional 400 shares during the last quarter. 95.43% of the stock is currently owned by institutional investors.

CNO Financial Group Stock Performance

Shares of CNO Financial Group stock traded up $1.10 on Friday, reaching $38.22. 732,305 shares of the company traded hands, compared to its average volume of 712,186. The company has a 50 day moving average of $39.54 and a 200 day moving average of $38.80. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. CNO Financial Group, Inc. has a 52 week low of $26.36 and a 52 week high of $43.20. The firm has a market capitalization of $3.83 billion, a PE ratio of 10.22 and a beta of 0.90.

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

CNO Financial Group Increases Dividend

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

Insiders Place Their Bets

In other news, insider Scott L. Goldberg sold 25,500 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $40.02, for a total transaction of $1,020,510.00. Following the completion of the transaction, the insider now directly owns 169,342 shares in the company, valued at $6,777,066.84. The trade was a 13.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of CNO Financial Group stock in a transaction on Friday, February 21st. The shares were sold at an average price of $40.10, for a total value of $1,636,080.00. Following the sale, the general counsel now directly owns 204,143 shares of the company's stock, valued at $8,186,134.30. This represents a 16.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 159,512 shares of company stock worth $6,497,710 in the last quarter. 3.38% of the stock is owned by company insiders.

Analyst Ratings Changes

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

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.