California State Teachers Retirement System Sells 2,565 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Melissa M. Munoz

California State Teachers Retirement System decreased its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 1.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 225,901 shares of the financial services provider’s stock after selling 2,565 shares during the period. California […]


California State Teachers Retirement System decreased its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 1.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 225,901 shares of the financial services provider’s stock after selling 2,565 shares during the period. California State Teachers Retirement System owned 0.16% of CNO Financial Group worth $3,623,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its position in shares of CNO Financial Group by 245.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,828,873 shares of the financial services provider’s stock worth $29,335,000 after purchasing an additional 1,299,933 shares during the period. Massachusetts Financial Services Co. MA raised its stake in CNO Financial Group by 14.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,026,036 shares of the financial services provider’s stock worth $48,538,000 after buying an additional 390,143 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in CNO Financial Group by 67.5% during the third quarter. Principal Financial Group Inc. now owns 922,371 shares of the financial services provider’s stock worth $14,795,000 after buying an additional 371,739 shares during the period. AJO LP boosted its position in CNO Financial Group by 87.2% during the 2nd quarter. AJO LP now owns 470,115 shares of the financial services provider’s stock valued at $7,319,000 after acquiring an additional 218,954 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of CNO Financial Group by 66.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 496,386 shares of the financial services provider’s stock valued at $7,962,000 after acquiring an additional 197,431 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

In other CNO Financial Group news, SVP John R. Kline sold 26,313 shares of CNO Financial Group stock in a transaction that occurred on Wednesday, December 16th. The shares were sold at an average price of $23.18, for a total transaction of $609,935.34. Following the completion of the sale, the senior vice president now directly owns 59,097 shares in the company, valued at approximately $1,369,868.46. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Paul H. Mcdonough acquired 10,000 shares of the company’s stock in a transaction dated Friday, November 20th. The stock was acquired at an average cost of $20.85 per share, for a total transaction of $208,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 45,296 shares in the company, valued at $944,421.60. The disclosure for this purchase can be found here. Insiders sold a total of 107,223 shares of company stock valued at $2,380,269 in the last 90 days. 2.00% of the stock is currently owned by company insiders.

NYSE:CNO opened at $22.64 on Thursday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.52. CNO Financial Group, Inc. has a twelve month low of $8.79 and a twelve month high of $23.50. The company has a market cap of $3.15 billion, a PE ratio of 7.14 and a beta of 1.41. The company’s 50 day moving average is $21.62 and its two-hundred day moving average is $17.65.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Saturday, November 7th. The financial services provider reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.30. The business had revenue of $1.01 billion during the quarter. CNO Financial Group had a net margin of 12.27% and a return on equity of 7.21%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 earnings per share. As a group, analysts expect that CNO Financial Group, Inc. will post 2.46 EPS for the current fiscal year.

Several equities analysts have issued reports on CNO shares. B. Riley lifted their target price on CNO Financial Group from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, November 16th. BidaskClub downgraded shares of CNO Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 18th. Zacks Investment Research cut shares of CNO Financial Group from a “buy” rating to a “hold” rating and set a $18.00 target price for the company. in a research report on Thursday, September 3rd. Piper Sandler raised their target price on shares of CNO Financial Group from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, November 4th. Finally, Morgan Stanley upped their price target on CNO Financial Group from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. CNO Financial Group has a consensus rating of “Hold” and an average price target of $20.60.

About CNO Financial Group

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments.

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Institutional Ownership by Quarter for CNO Financial Group (NYSE:CNO)



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