CNO Financial Group Inc (CNO) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC lessened its stake in CNO Financial Group Inc (NYSE:CNO) by 9.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 526,169 shares of the financial services provider’s stock after selling 56,260 shares during the period. Guggenheim Capital LLC owned 0.31% of CNO Financial Group worth $11,401,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CNO. Teacher Retirement System of Texas raised its position in CNO Financial Group by 309.5% in the 4th quarter. Teacher Retirement System of Texas now owns 58,003 shares of the financial services provider’s stock worth $1,432,000 after purchasing an additional 43,839 shares during the last quarter. Sei Investments Co. raised its position in CNO Financial Group by 114.4% in the 4th quarter. Sei Investments Co. now owns 141,433 shares of the financial services provider’s stock worth $3,492,000 after purchasing an additional 75,481 shares during the last quarter. Arizona State Retirement System raised its position in CNO Financial Group by 26.0% in the 4th quarter. Arizona State Retirement System now owns 120,746 shares of the financial services provider’s stock worth $2,981,000 after purchasing an additional 24,948 shares during the last quarter. Rhumbline Advisers raised its position in CNO Financial Group by 4.4% in the 4th quarter. Rhumbline Advisers now owns 419,910 shares of the financial services provider’s stock worth $10,368,000 after purchasing an additional 17,592 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in CNO Financial Group by 8.7% in the 4th quarter. Bank of New York Mellon Corp now owns 4,063,845 shares of the financial services provider’s stock worth $100,337,000 after purchasing an additional 324,088 shares during the last quarter. Hedge funds and other institutional investors own 94.70% of the company’s stock.

Several research analysts recently weighed in on the stock. ValuEngine cut shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Morgan Stanley restated an “equal weight” rating on shares of CNO Financial Group in a research report on Thursday, May 31st. Zacks Investment Research upgraded shares of CNO Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, June 22nd. Wells Fargo & Co set a $23.00 price objective on shares of CNO Financial Group and gave the stock a “hold” rating in a research report on Wednesday, April 25th. Finally, William Blair initiated coverage on shares of CNO Financial Group in a research report on Monday, March 12th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. CNO Financial Group has an average rating of “Hold” and an average target price of $24.17.

Shares of CNO Financial Group opened at $19.20 on Wednesday, MarketBeat.com reports. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 9.85, a price-to-earnings-growth ratio of 0.95 and a beta of 1.11. CNO Financial Group Inc has a 52 week low of $19.03 and a 52 week high of $26.47. 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 (NYSE:CNO) last issued its earnings results on Wednesday, April 25th. The financial services provider reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. CNO Financial Group had a net margin of 4.67% and a return on equity of 6.92%. sell-side analysts forecast that CNO Financial Group Inc will post 2.03 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 25th. Shareholders of record on Monday, June 11th were given a dividend of $0.10 per share. This is a boost from CNO Financial Group’s previous quarterly dividend of $0.09. The ex-dividend date was Friday, June 8th. This represents a $0.40 annualized dividend and a dividend yield of 2.08%. CNO Financial Group’s payout ratio is presently 19.80%.

About CNO Financial Group

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

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