Burney Co. bought a new stake in CNO Financial Group (NYSE:CNO) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 17,530 shares of the financial services provider’s stock, valued at approximately $380,000.
A number of other institutional investors have also added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC lifted its holdings in CNO Financial Group by 2,433.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 22,144 shares of the financial services provider’s stock valued at $480,000 after acquiring an additional 21,270 shares during the period. Paradice Investment Management LLC lifted its holdings in CNO Financial Group by 2.4% in the first quarter. Paradice Investment Management LLC now owns 3,741,438 shares of the financial services provider’s stock valued at $81,077,000 after acquiring an additional 86,254 shares during the period. Engineers Gate Manager LP acquired a new stake in CNO Financial Group in the first quarter valued at $918,000. Schwab Charles Investment Management Inc. raised its stake in shares of CNO Financial Group by 10.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,579,258 shares of the financial services provider’s stock worth $34,223,000 after buying an additional 150,645 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new position in shares of CNO Financial Group during the 1st quarter worth $1,621,000. 96.92% of the stock is owned by institutional investors.
Several research firms have recently issued reports on CNO. ValuEngine downgraded CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Wells Fargo set a $25.00 price target on CNO Financial Group and gave the stock a “hold” rating in a research note on Tuesday, February 13th. Zacks Investment Research downgraded CNO Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 17th. William Blair began coverage on CNO Financial Group in a research note on Monday, March 12th. They set an “outperform” rating for the company. Finally, Morgan Stanley raised CNO Financial Group from an “underweight” rating to an “equal weight” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $23.83.
CNO Financial Group opened at $20.30 on Friday, Marketbeat Ratings reports. The firm has a market cap of $3.35 billion, a PE ratio of 10.05, a PEG ratio of 0.99 and a beta of 1.16. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.15 and a quick ratio of 0.15. CNO Financial Group has a 52-week low of $19.98 and a 52-week high of $20.19.
CNO Financial Group (NYSE:CNO) last released its quarterly earnings results on Tuesday, February 13th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.20. The business had revenue of $1.09 billion during the quarter. CNO Financial Group had a return on equity of 6.92% and a net margin of 4.67%. analysts expect that CNO Financial Group will post 2.02 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 25th. Investors of record on Monday, June 11th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Friday, June 8th. This is a boost from CNO Financial Group’s previous quarterly dividend of $0.09. CNO Financial Group’s dividend payout ratio (DPR) is currently 17.82%.
CNO Financial Group 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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