William Blair Investment Management LLC lowered its position in shares of CNO Financial Group Inc (NYSE:CNO) by 6.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 733,517 shares of the financial services provider’s stock after selling 51,069 shares during the period. William Blair Investment Management LLC owned about 0.45% of CNO Financial Group worth $15,565,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. FMR LLC boosted its position in shares of CNO Financial Group by 2.6% in the 2nd quarter. FMR LLC now owns 528,438 shares of the financial services provider’s stock worth $10,062,000 after purchasing an additional 13,290 shares in the last quarter. Dalton Greiner Hartman Maher & Co. lifted its position in CNO Financial Group by 6.6% in the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 925,408 shares of the financial services provider’s stock valued at $19,637,000 after acquiring an additional 57,550 shares in the last quarter. Private Management Group Inc. lifted its position in CNO Financial Group by 8.0% in the 2nd quarter. Private Management Group Inc. now owns 331,203 shares of the financial services provider’s stock valued at $6,306,000 after acquiring an additional 24,433 shares in the last quarter. Sei Investments Co. lifted its position in CNO Financial Group by 5,452.8% in the 2nd quarter. Sei Investments Co. now owns 96,729 shares of the financial services provider’s stock valued at $1,842,000 after acquiring an additional 94,987 shares in the last quarter. Finally, LSV Asset Management lifted its position in CNO Financial Group by 3.2% in the 2nd quarter. LSV Asset Management now owns 5,953,734 shares of the financial services provider’s stock valued at $113,359,000 after acquiring an additional 182,248 shares in the last quarter. 94.18% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on CNO shares. TheStreet cut CNO Financial Group from a “b” rating to a “c” rating in a research report on Thursday, November 1st. Zacks Investment Research raised CNO Financial Group from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Wednesday, October 3rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $24.00 price objective on shares of CNO Financial Group in a research report on Friday, August 17th. Finally, ValuEngine raised CNO Financial Group from a “strong sell” rating to a “sell” rating in a research report on Monday, November 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $23.75.
NYSE CNO opened at $17.15 on Wednesday. The firm has a market cap of $3.01 billion, a PE ratio of 8.49 and a beta of 1.11. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.71. CNO Financial Group Inc has a 1-year low of $17.12 and a 1-year high of $26.47.
CNO Financial Group (NYSE:CNO) last released its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.02. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $999.03 million. CNO Financial Group had a positive return on equity of 7.89% and a negative net margin of 8.95%. The company’s revenue was up 37.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS. As a group, analysts forecast that CNO Financial Group Inc will post 1.99 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 24th. Stockholders of record on Monday, December 10th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, December 7th. This represents a $0.40 annualized dividend and a dividend yield of 2.33%. CNO Financial Group’s payout ratio is 19.80%.
In other news, EVP Matthew J. Zimpfer sold 17,417 shares of the stock in a transaction on Monday, November 5th. The stock was sold at an average price of $18.46, for a total transaction of $321,517.82. Following the transaction, the executive vice president now directly owns 137,580 shares of the company’s stock, valued at approximately $2,539,726.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen N. David purchased 2,000 shares of the stock in a transaction dated Monday, November 5th. The shares were purchased at an average cost of $18.50 per share, for a total transaction of $37,000.00. Following the completion of the acquisition, the director now directly owns 19,706 shares in the company, valued at $364,561. The disclosure for this purchase can be found here. 2.30% of the stock is owned by corporate insiders.
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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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