Dimensional Fund Advisors LP Sells 96,518 Shares of CNO Financial Group, Inc. (CNO)

Dimensional Fund Advisors LP lowered its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,462,277 shares of the financial services provider’s stock after selling 96,518 shares during the quarter. Dimensional Fund Advisors LP owned 6.83% of CNO Financial Group worth $267,532,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of CNO. Thrivent Financial For Lutherans increased its position in shares of CNO Financial Group by 3,275.6% during the second quarter. Thrivent Financial For Lutherans now owns 1,092,360 shares of the financial services provider’s stock worth $22,809,000 after acquiring an additional 1,060,000 shares during the period. AJO LP increased its position in shares of CNO Financial Group by 407.7% during the second quarter. AJO LP now owns 1,076,120 shares of the financial services provider’s stock worth $22,469,000 after acquiring an additional 864,162 shares during the period. Prudential Financial Inc. increased its position in shares of CNO Financial Group by 50.8% during the second quarter. Prudential Financial Inc. now owns 1,758,374 shares of the financial services provider’s stock worth $36,715,000 after acquiring an additional 592,490 shares during the period. LSV Asset Management increased its position in shares of CNO Financial Group by 11.4% during the second 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. increased its position in shares of CNO Financial Group by 12.2% during the second 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. 94.41% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on the company. Morgan Stanley lowered CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 price objective on the stock. in a research report on Monday, August 14th. They noted that the move was a valuation call. Goldman Sachs Group assumed coverage on CNO Financial Group in a research report on Wednesday, October 18th. They set a “neutral” rating and a $24.00 price objective on the stock. Zacks Investment Research lowered CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. B. Riley reaffirmed a “buy” rating on shares of CNO Financial Group in a research report on Monday, November 6th. Finally, Wells Fargo & Company set a $22.00 price objective on CNO Financial Group and gave the stock a “hold” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $22.25.

CNO Financial Group, Inc. (NYSE CNO) opened at $25.41 on Friday. The company has a market capitalization of $4,262.83, a price-to-earnings ratio of 15.98, a P/E/G ratio of 1.54 and a beta of 1.20. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.52. CNO Financial Group, Inc. has a twelve month low of $18.53 and a twelve month high of $25.83.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Monday, December 11th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Friday, December 8th. CNO Financial Group’s dividend payout ratio (DPR) is presently 13.00%.

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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)

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