New York State Teachers Retirement System Cuts Stock Position in CNO Financial Group, Inc. (NYSE:CNO)

New York State Teachers Retirement System cut its position in CNO Financial Group, Inc. (NYSE:CNO) by 7.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 138,574 shares of the financial services provider’s stock after selling 10,380 shares during the quarter. New York State Teachers Retirement System owned approximately 0.13% of CNO Financial Group worth $4,864,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. CWM LLC raised its stake in shares of CNO Financial Group by 64.1% during the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 447 shares in the last quarter. Quarry LP increased its position in shares of CNO Financial Group by 123.2% during the second quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 935 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of CNO Financial Group during the 1st quarter valued at $52,000. Blue Trust Inc. raised its stake in shares of CNO Financial Group by 25.4% during the 2nd quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock worth $66,000 after buying an additional 483 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in CNO Financial Group by 141.8% during the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,164 shares in the last quarter. 95.43% of the stock is owned by hedge funds and other institutional investors.

CNO Financial Group Stock Performance

Shares of CNO Financial Group stock opened at $35.83 on Wednesday. The business’s 50 day moving average price is $34.59 and its 200 day moving average price is $31.02. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 14.45 and a beta of 1.01. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. CNO Financial Group, Inc. has a one year low of $24.00 and a one year high of $36.95.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $0.82 by $0.29. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $945.44 million. During the same quarter in the previous year, the firm earned $0.88 EPS. The company’s quarterly revenue was up 19.2% compared to the same quarter last year. On average, research analysts predict that CNO Financial Group, Inc. will post 3.43 EPS for the current year.

Insiders Place Their Bets

In other news, insider Jeanne L. Linnenbringer sold 5,435 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $34.26, for a total value of $186,203.10. Following the completion of the sale, the insider now owns 37,663 shares of the company’s stock, valued at $1,290,334.38. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Jeanne L. Linnenbringer sold 5,435 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $34.26, for a total value of $186,203.10. Following the transaction, the insider now owns 37,663 shares of the company’s stock, valued at $1,290,334.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeanne L. Linnenbringer sold 5,364 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $34.88, for a total value of $187,096.32. Following the sale, the insider now directly owns 44,884 shares of the company’s stock, valued at $1,565,553.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.21% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Royal Bank of Canada increased their target price on CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Monday. Evercore ISI raised their price objective on CNO Financial Group from $27.00 to $29.00 and gave the company an “underperform” rating in a report on Wednesday, July 31st. Finally, Piper Sandler upped their target price on shares of CNO Financial Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $34.50.

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.