State of New Jersey Common Pension Fund D Has $1.87 Million Holdings in CNO Financial Group, Inc. (NYSE:CNO)

State of New Jersey Common Pension Fund D cut its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 35.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,361 shares of the financial services provider’s stock after selling 37,534 shares during the period. State of New Jersey Common Pension Fund D’s holdings in CNO Financial Group were worth $1,867,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Blair William & Co. IL lifted its position in CNO Financial Group by 2.1% during the first quarter. Blair William & Co. IL now owns 19,189 shares of the financial services provider’s stock worth $527,000 after acquiring an additional 399 shares during the last quarter. CWM LLC lifted its position in CNO Financial Group by 64.1% during the second quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 447 shares during the last quarter. Blue Trust Inc. lifted its position in CNO Financial Group by 25.4% during the second quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 483 shares during the last quarter. Covestor Ltd increased its holdings in shares of CNO Financial Group by 18.9% during the first quarter. Covestor Ltd now owns 3,598 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 571 shares during the period. Finally, Bailard Inc. increased its holdings in shares of CNO Financial Group by 2.5% during the second quarter. Bailard Inc. now owns 24,300 shares of the financial services provider’s stock worth $674,000 after purchasing an additional 600 shares during the period. 95.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on CNO. Royal Bank of Canada raised their target price on shares of CNO Financial Group from $30.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Piper Sandler reaffirmed an “overweight” rating and set a $37.00 target price on shares of CNO Financial Group in a report on Friday, September 13th. Evercore ISI raised their target price on shares of CNO Financial Group from $27.00 to $29.00 and gave the stock an “underperform” rating in a report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods raised their target price on shares of CNO Financial Group from $30.00 to $31.00 and gave the stock a “market perform” rating in a report on Monday, July 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $33.75.

CNO Financial Group Stock Performance

NYSE CNO opened at $35.35 on Monday. The firm’s fifty day moving average price is $32.64 and its two-hundred day moving average price is $29.19. The stock has a market cap of $3.83 billion, a PE ratio of 10.31 and a beta of 1.01. CNO Financial Group, Inc. has a fifty-two week low of $22.27 and a fifty-two week high of $35.56. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.19 and a current ratio of 0.19.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Monday, July 29th. The financial services provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.33. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $929.99 million. CNO Financial Group had a net margin of 9.96% and a return on equity of 18.30%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 earnings per share. On average, equities analysts expect that CNO Financial Group, Inc. will post 3.43 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be paid a dividend of $0.16 per share. The ex-dividend date is Tuesday, September 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.81%. CNO Financial Group’s payout ratio is presently 18.66%.

Insider Transactions at CNO Financial Group

In other news, insider Jeanne L. Linnenbringer sold 5,364 shares of CNO Financial Group stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $34.88, for a total transaction of $187,096.32. Following the transaction, the insider now owns 44,884 shares in the company, valued at $1,565,553.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Jeanne L. Linnenbringer sold 5,364 shares of CNO Financial Group stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $34.88, for a total transaction of $187,096.32. Following the transaction, the insider now owns 44,884 shares in the company, valued at $1,565,553.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeanne L. Linnenbringer sold 5,435 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $34.26, for a total transaction of $186,203.10. Following the completion of the transaction, the insider now owns 37,663 shares in the company, valued at approximately $1,290,334.38. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

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.