First Trust Advisors LP Sells 6,968 Shares of CNO Financial Group, Inc. (CNO)

First Trust Advisors LP lessened its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 150,910 shares of the financial services provider’s stock after selling 6,968 shares during the period. First Trust Advisors LP owned approximately 0.09% of CNO Financial Group worth $3,522,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of CNO Financial Group by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 14,843,457 shares of the financial services provider’s stock worth $309,930,000 after acquiring an additional 129,269 shares during the period. State Street Corp lifted its holdings in shares of CNO Financial Group by 0.4% during the 2nd quarter. State Street Corp now owns 6,989,735 shares of the financial services provider’s stock worth $145,947,000 after acquiring an additional 25,050 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of CNO Financial Group by 6.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,467,334 shares of the financial services provider’s stock worth $135,037,000 after acquiring an additional 400,415 shares during the period. LSV Asset Management lifted its holdings in shares of CNO Financial Group by 11.4% during the 2nd quarter. LSV Asset Management now owns 4,831,708 shares of the financial services provider’s stock worth $100,886,000 after acquiring an additional 492,800 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of CNO Financial Group by 12.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,719,068 shares of the financial services provider’s stock worth $77,649,000 after acquiring an additional 404,552 shares during the period. 92.56% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on CNO shares. BidaskClub raised shares of CNO Financial Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Morgan Stanley downgraded shares of CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 price objective for the company. in a research note on Monday, August 14th. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) started coverage on shares of CNO Financial Group in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $24.00 price objective for the company. Finally, Wells Fargo & Company set a $22.00 price objective on shares of CNO Financial Group and gave the company a “hold” rating in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $22.25.

CNO Financial Group, Inc. (NYSE CNO) opened at $23.79 on Monday. The company has a market cap of $3,991.06, a P/E ratio of 14.96, a P/E/G ratio of 1.44 and a beta of 1.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.16 and a quick ratio of 0.16. CNO Financial Group, Inc. has a 52 week low of $17.47 and a 52 week high of $25.07.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.06. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1 billion. CNO Financial Group had a net margin of 11.41% and a return on equity of 5.88%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.37 EPS. equities analysts expect that CNO Financial Group, Inc. will post 1.65 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Monday, December 11th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.51%. The ex-dividend date is Friday, December 8th. CNO Financial Group’s dividend payout ratio (DPR) is currently 13.00%.

TRADEMARK VIOLATION NOTICE: “First Trust Advisors LP Sells 6,968 Shares of CNO Financial Group, Inc. (CNO)” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://www.dispatchtribunal.com/2017/11/20/first-trust-advisors-lp-sells-6968-shares-of-cno-financial-group-inc-cno.html.

CNO Financial Group Company Profile

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.

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

Receive News & Ratings for CNO Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNO Financial Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply