Teacher Retirement System of Texas Has $2.65 Million Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Teacher Retirement System of Texas decreased its position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 54.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 63,650 shares of the financial services provider's stock after selling 76,571 shares during the period. Teacher Retirement System of Texas owned about 0.06% of CNO Financial Group worth $2,651,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CNO. Wealth Enhancement Advisory Services LLC grew its holdings in shares of CNO Financial Group by 5.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,701 shares of the financial services provider's stock valued at $571,000 after buying an additional 744 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in CNO Financial Group by 15.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 772,371 shares of the financial services provider's stock worth $32,424,000 after acquiring an additional 100,735 shares during the period. GAMMA Investing LLC grew its stake in CNO Financial Group by 25.0% during the 1st quarter. GAMMA Investing LLC now owns 2,861 shares of the financial services provider's stock valued at $119,000 after acquiring an additional 572 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of CNO Financial Group by 42.0% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 8,471 shares of the financial services provider's stock valued at $353,000 after purchasing an additional 2,507 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of CNO Financial Group in the first quarter worth approximately $806,000. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Michael E. Mead sold 12,581 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $37.97, for a total transaction of $477,700.57. Following the completion of the sale, the insider owned 15,729 shares in the company, valued at $597,230.13. The trade was a 44.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.00% of the company's stock.

CNO Financial Group Stock Down 1.6%

Shares of NYSE CNO traded down $0.60 during mid-day trading on Friday, reaching $36.34. 513,214 shares of the company traded hands, compared to its average volume of 708,071. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a market cap of $3.60 billion, a PE ratio of 12.71 and a beta of 0.87. The company's fifty day moving average is $37.81 and its two-hundred day moving average is $38.80. CNO Financial Group, Inc. has a fifty-two week low of $28.96 and a fifty-two week high of $43.20.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. CNO Financial Group had a return on equity of 17.86% and a net margin of 7.11%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $975.80 million. During the same quarter last year, the firm earned $0.52 EPS. CNO Financial Group's revenue for the quarter was down 13.2% compared to the same quarter last year. On average, analysts expect 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 disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were paid a $0.17 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $0.68 dividend on an annualized basis and a yield of 1.87%. This is a positive change from CNO Financial Group's previous quarterly dividend of $0.16. CNO Financial Group's payout ratio is currently 23.78%.

Wall Street Analyst Weigh In

Separately, Piper Sandler boosted their price target on shares of CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. One equities research 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. Based on data from MarketBeat.com, 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.