Today, Virginia Retirement Systems ET AL Sold shares of CNO Financial Group Inc. (CNO)

Today, Virginia Retirement Systems ET AL Sold shares of CNO Financial Group Inc. (CNO)

Virginia Retirement Systems ET AL reduced its stake in CNO Financial Group Inc. (NYSE:CNO) by 45.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,500 shares of the company’s stock after selling 19,400 shares during the period. Virginia Retirement Systems ET AL’s holdings in CNO Financial Group were worth $359,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. World Asset Management Inc acquired a new position in shares of CNO Financial Group during the second quarter valued at about $175,000. Bank of New York Mellon Corp raised its position in shares of CNO Financial Group by 14.3% in the second quarter. Bank of New York Mellon Corp now owns 2,945,951 shares of the company’s stock valued at $51,437,000 after buying an additional 368,447 shares during the last quarter. Artemis Investment Management LLP acquired a new position in shares of CNO Financial Group during the second quarter valued at about $877,000. Strs Ohio raised its position in shares of CNO Financial Group by 8.3% in the second quarter. Strs Ohio now owns 34,000 shares of the company’s stock valued at $593,000 after buying an additional 2,600 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of CNO Financial Group during the second quarter valued at about $420,000. 94.59% of the stock is owned by hedge funds and other institutional investors.

CNO Financial Group Inc. (NYSE:CNO) remained flat at $18.00 during mid-day trading on Friday. 603,024 shares of the stock were exchanged. The firm’s 50 day moving average price is $16.21 and its 200-day moving average price is $16.98. CNO Financial Group Inc. has a 12 month low of $14.30 and a 12 month high of $20.88. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 12.53 and a beta of 1.19.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. Shareholders of record on Friday, December 9th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Wednesday, December 7th. CNO Financial Group’s payout ratio is 22.54%.

Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of CNO Financial Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Deutsche Bank AG decreased their price target on shares of CNO Financial Group from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, July 28th. Morgan Stanley reiterated a “hold” rating and issued a $19.00 price target on shares of CNO Financial Group in a research note on Thursday, July 28th. Keefe, Bruyette & Woods decreased their price target on shares of CNO Financial Group from $20.00 to $19.00 and set a “market perform” rating for the company in a research note on Tuesday, August 2nd. Finally, BTIG Research lowered shares of CNO Financial Group from a “buy” rating to a “neutral” rating in a research note on Friday, September 30th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $18.61.

In other CNO Financial Group news, EVP Susan L. Menzel sold 79,500 shares of the stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $17.50, for a total transaction of $1,391,250.00. Following the completion of the sale, the executive vice president now directly owns 1,960 shares of the company’s stock, valued at $34,300. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

About CNO Financial Group

CNO Financial Group, Inc is a holding company for a group of insurance companies operating across the United States that develop, market and administer health insurance, annuity, individual life insurance and other insurance products. It operates through three operating segments: Bankers Life, Washington National and Colonial Penn.

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