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

New York State Teachers Retirement System trimmed its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 6.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 approximately 0.13% of CNO Financial Group worth $5,264,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CNO. Proficio Capital Partners LLC bought a new position in CNO Financial Group in the fourth quarter valued at approximately $903,000. Smartleaf Asset Management LLC grew its stake in 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 purchasing an additional 417 shares in the last quarter. Jones Financial Companies Lllp grew its stake in CNO Financial Group by 368.2% in the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 626 shares in the last quarter. Raymond James Financial Inc. bought a new position in CNO Financial Group in the fourth quarter valued at approximately $2,295,000. Finally, Edgestream Partners L.P. bought a new position in CNO Financial Group in the fourth quarter valued at approximately $5,354,000. 95.43% of the stock is currently owned by institutional investors.

CNO Financial Group Price Performance

CNO Financial Group stock traded up $0.41 during mid-day trading on Friday, reaching $38.27. 418,197 shares of the company were exchanged, compared to its average volume of 707,788. The company has a fifty day simple moving average of $37.94 and a 200-day simple moving average of $38.80. CNO Financial Group, Inc. has a 12 month low of $27.72 and a 12 month high of $43.20. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.18 and a quick ratio of 0.18. The firm has a market cap of $3.79 billion, a PE ratio of 13.38 and a beta of 0.87.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.79 EPS for the quarter, hitting analysts' consensus estimates of $0.79. CNO Financial Group had a return on equity of 17.86% and a net margin of 7.11%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $975.80 million. During the same quarter last year, the company earned $0.52 EPS. The company's revenue was down 13.2% on a year-over-year basis. As a group, equities research analysts expect that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Tuesday, June 10th. This is a positive change from CNO Financial Group's previous quarterly dividend of $0.16. CNO Financial Group's dividend payout ratio (DPR) is 23.78%.

Analysts Set New Price Targets

Separately, Piper Sandler raised their price objective 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus 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.