Texas Permanent School Fund lowered its position in CNO Financial Group, Inc. (NYSE:CNO) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 125,076 shares of the financial services provider’s stock after selling 753 shares during the period. Texas Permanent School Fund’s holdings in CNO Financial Group were worth $2,612,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its stake in CNO Financial Group by 1,250.7% in the first quarter. Envestnet Asset Management Inc. now owns 9,036 shares of the financial services provider’s stock worth $185,000 after buying an additional 8,367 shares during the last quarter. Teza Capital Management LLC bought a new stake in CNO Financial Group during the first quarter worth about $219,000. Laurion Capital Management LP bought a new stake in CNO Financial Group during the first quarter worth about $242,000. New York State Teachers Retirement System increased its stake in CNO Financial Group by 197.6% in the first quarter. New York State Teachers Retirement System now owns 12,200 shares of the financial services provider’s stock worth $250,000 after buying an additional 8,100 shares during the last quarter. Finally, World Asset Management Inc increased its stake in CNO Financial Group by 0.8% in the first quarter. World Asset Management Inc now owns 12,448 shares of the financial services provider’s stock worth $255,000 after buying an additional 94 shares during the last quarter. Institutional investors and hedge funds own 96.67% of the company’s stock.

Shares of CNO Financial Group, Inc. (NYSE:CNO) opened at 23.70 on Wednesday. CNO Financial Group, Inc. has a 1-year low of $14.30 and a 1-year high of $23.95. The firm’s 50-day moving average is $21.32 and its 200 day moving average is $20.67. The stock has a market capitalization of $4.01 billion, a P/E ratio of 10.36 and a beta of 1.22.

CNO Financial Group declared that its Board of Directors has approved a stock repurchase plan on Wednesday, May 10th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 8.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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A number of research firms recently issued reports on CNO. Zacks Investment Research upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Monday. BidaskClub upgraded shares of CNO Financial Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 2nd. ValuEngine upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Wells Fargo & Company restated a “hold” rating on shares of CNO Financial Group in a report on Tuesday, June 20th. Finally, FBR & Co restated an “outperform” rating and issued a $23.00 target price on shares of CNO Financial Group in a report on Wednesday, May 31st. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $21.33.

About CNO Financial Group

CNO Financial Group, Inc is a holding company for a group of insurance companies operating throughout the United States that develops, markets and administers health insurance, annuity, individual life insurance and other insurance products. The Company’s segments include Bankers Life, Washington National and Colonial Penn.

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

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