UBS Asset Management Americas Inc. lifted its stake in CNO Financial Group (NYSE:CNO) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 140,598 shares of the financial services provider’s stock after buying an additional 6,105 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.08% of CNO Financial Group worth $3,471,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. boosted its stake in shares of CNO Financial Group by 114.1% in the fourth quarter. Meeder Asset Management Inc. now owns 6,084 shares of the financial services provider’s stock worth $150,000 after buying an additional 3,243 shares during the last quarter. Connable Office Inc. purchased a new stake in shares of CNO Financial Group in the fourth quarter worth about $205,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of CNO Financial Group by 50.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,461 shares of the financial services provider’s stock worth $258,000 after buying an additional 3,485 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of CNO Financial Group in the third quarter worth about $292,000. Finally, Eqis Capital Management Inc. purchased a new stake in shares of CNO Financial Group in the fourth quarter worth about $294,000. Hedge funds and other institutional investors own 97.09% of the company’s stock.
CNO has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Friday. Wells Fargo set a $25.00 price target on CNO Financial Group and gave the stock a “hold” rating in a research report on Tuesday, February 13th. William Blair initiated coverage on CNO Financial Group in a research report on Monday, March 12th. They set an “outperform” rating on the stock. ValuEngine upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $24.00 price target on shares of CNO Financial Group in a research report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. CNO Financial Group has an average rating of “Buy” and an average target price of $24.17.
CNO stock traded down $0.54 during mid-day trading on Friday, reaching $21.90. 1,091,346 shares of the company’s stock were exchanged, compared to its average volume of 1,179,043. CNO Financial Group has a 12-month low of $19.37 and a 12-month high of $26.47. The company has a market capitalization of $3,778.07, a P/E ratio of 10.81, a P/E/G ratio of 1.11 and a beta of 1.15. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.53.
CNO Financial Group (NYSE:CNO) last announced its earnings results on Tuesday, February 13th. The financial services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.20. CNO Financial Group had a return on equity of 6.63% and a net margin of 4.09%. The business had revenue of $1.09 billion during the quarter. research analysts predict that CNO Financial Group will post 2.03 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were issued a dividend of $0.09 per share. The ex-dividend date was Thursday, March 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.64%. CNO Financial Group’s payout ratio is currently 17.82%.
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CNO Financial Group Company Profile
CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments.
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