Texas Permanent School Fund Sells 4,468 Shares of CNO Financial Group Inc (CNO)

Texas Permanent School Fund cut its holdings in CNO Financial Group Inc (NYSE:CNO) by 4.1% during the third quarter, HoldingsChannel.com reports. The firm owned 103,546 shares of the financial services provider’s stock after selling 4,468 shares during the period. Texas Permanent School Fund’s holdings in CNO Financial Group were worth $2,197,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. increased its stake in shares of CNO Financial Group by 3.3% during the second quarter. BlackRock Inc. now owns 16,675,104 shares of the financial services provider’s stock worth $317,494,000 after acquiring an additional 536,084 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in shares of CNO Financial Group by 18.1% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 6,174,450 shares of the financial services provider’s stock worth $117,562,000 after acquiring an additional 946,582 shares during the period. LSV Asset Management increased its stake in shares of CNO Financial Group by 3.2% during the second quarter. LSV Asset Management now owns 5,953,734 shares of the financial services provider’s stock worth $113,359,000 after acquiring an additional 182,248 shares during the period. Paradice Investment Management LLC increased its stake in shares of CNO Financial Group by 8.6% during the second quarter. Paradice Investment Management LLC now owns 4,061,364 shares of the financial services provider’s stock worth $77,328,000 after acquiring an additional 319,926 shares during the period. Finally, Allianz Asset Management GmbH increased its stake in shares of CNO Financial Group by 46.3% during the first quarter. Allianz Asset Management GmbH now owns 2,831,660 shares of the financial services provider’s stock worth $61,362,000 after acquiring an additional 895,832 shares during the period. Institutional investors own 92.49% of the company’s stock.

Shares of CNO opened at $19.12 on Wednesday. The company has a current ratio of 0.26, a quick ratio of 0.14 and a debt-to-equity ratio of 0.71. CNO Financial Group Inc has a twelve month low of $18.15 and a twelve month high of $26.47. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 8.87 and a beta of 1.14.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Wednesday, October 31st. The financial services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.02. CNO Financial Group had a negative net margin of 8.95% and a positive return on equity of 7.89%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $999.03 million. During the same period in the prior year, the business posted $0.59 earnings per share. The firm’s revenue for the quarter was up 37.2% compared to the same quarter last year. Equities analysts anticipate that CNO Financial Group Inc will post 1.97 EPS for the current year.

CNO has been the topic of a number of recent analyst reports. ValuEngine lowered shares of CNO Financial Group from a “sell” rating to a “strong sell” rating in a research note on Friday, November 2nd. TheStreet lowered shares of CNO Financial Group from a “b” rating to a “c” rating in a research report on Thursday, November 1st. Zacks Investment Research upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Wednesday, October 3rd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $24.00 target price on shares of CNO Financial Group in a research report on Friday, August 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $23.75.

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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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