New York State Teachers Retirement System Sells 8,970 Shares of CNO Financial Group, Inc. (NYSE:CNO)

New York State Teachers Retirement System lowered its stake in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 6.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,382 shares of the financial services provider's stock after selling 8,970 shares during the quarter. New York State Teachers Retirement System owned about 0.13% of CNO Financial Group worth $5,264,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CNO. Proficio Capital Partners LLC bought a new stake in CNO Financial Group during the fourth quarter worth approximately $903,000. Smartleaf Asset Management LLC boosted its position in CNO Financial Group by 95.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock worth $32,000 after purchasing an additional 417 shares during the period. Jones Financial Companies Lllp boosted its position in CNO Financial Group by 368.2% during the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock worth $30,000 after purchasing an additional 626 shares during the period. Raymond James Financial Inc. bought a new stake in CNO Financial Group during the fourth quarter worth approximately $2,295,000. Finally, Edgestream Partners L.P. acquired a new position in shares of CNO Financial Group during the fourth quarter worth approximately $5,354,000. Institutional investors own 95.43% of the company's stock.

CNO Financial Group Stock Performance

Shares of CNO stock traded down $0.80 during trading hours on Wednesday, reaching $36.74. 631,787 shares of the company's stock were exchanged, compared to its average volume of 707,746. CNO Financial Group, Inc. has a fifty-two week low of $28.01 and a fifty-two week high of $43.20. The stock has a market capitalization of $3.64 billion, a P/E ratio of 12.85 and a beta of 0.87. The business has a fifty day moving average price of $37.86 and a 200-day moving average price of $38.80. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.59.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its earnings results on Monday, April 28th. The financial services provider reported $0.79 EPS for the quarter, meeting analysts' consensus estimates of $0.79. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $975.80 million. CNO Financial Group had a return on equity of 17.86% and a net margin of 7.11%. CNO Financial Group's revenue was down 13.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 earnings per share. Analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.85%. This is a positive change from CNO Financial Group's previous quarterly dividend of $0.16. The ex-dividend date was Tuesday, June 10th. CNO Financial Group's dividend payout ratio is presently 23.78%.

Wall Street Analyst Weigh In

Separately, Piper Sandler upped their price target on CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $41.00.

Insider Activity at CNO Financial Group

In related news, insider Michael E. Mead sold 12,581 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $37.97, for a total value of $477,700.57. Following the completion of the transaction, the insider directly owned 15,729 shares in the company, valued at approximately $597,230.13. This represents a 44.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.00% of the company's stock.

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.