Principal Financial Group Inc. raised its position in shares of CNO Financial Group Inc. (NYSE:CNO) by 12.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 684,637 shares of the company’s stock after buying an additional 75,433 shares during the period. Principal Financial Group Inc. owned about 0.39% of CNO Financial Group worth $11,954,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. State Treasurer State of Michigan boosted its position in CNO Financial Group by 0.3% in the second quarter. State Treasurer State of Michigan now owns 71,900 shares of the company’s stock worth $1,255,000 after buying an additional 200 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in CNO Financial Group by 2.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 34,665 shares of the company’s stock worth $621,000 after buying an additional 800 shares in the last quarter. Suntrust Banks Inc. boosted its position in CNO Financial Group by 5.3% in the second quarter. Suntrust Banks Inc. now owns 32,809 shares of the company’s stock worth $572,000 after buying an additional 1,645 shares in the last quarter. Teacher Retirement System of Texas boosted its position in CNO Financial Group by 10.4% in the second quarter. Teacher Retirement System of Texas now owns 25,327 shares of the company’s stock worth $442,000 after buying an additional 2,394 shares in the last quarter. Finally, Strs Ohio boosted its position in CNO Financial Group by 8.3% in the second quarter. Strs Ohio now owns 34,000 shares of the company’s stock worth $593,000 after buying an additional 2,600 shares in the last quarter. Hedge funds and other institutional investors own 97.67% of the company’s stock.
CNO Financial Group Inc. (NYSE:CNO) opened at 15.72 on Wednesday. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 10.56 and a beta of 1.23. The company has a 50 day moving average price of $15.69 and a 200-day moving average price of $17.47. CNO Financial Group Inc. has a 1-year low of $14.30 and a 1-year high of $20.88.
CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $961.56 million. CNO Financial Group had a return on equity of 5.68% and a net margin of 7.20%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 EPS. On average, analysts forecast that CNO Financial Group Inc. will post $1.34 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were issued a $0.08 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $0.32 annualized dividend and a dividend yield of 2.04%. CNO Financial Group’s payout ratio is currently 21.48%.
A number of research firms have issued reports on CNO. BTIG Research cut CNO Financial Group from a “buy” rating to a “neutral” rating in a research report on Friday, September 30th. Deutsche Bank AG decreased their target price on CNO Financial Group from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Thursday, July 28th. Keefe, Bruyette & Woods set a $17.00 target price on CNO Financial Group and gave the company a “hold” rating in a research report on Monday, October 3rd. Evercore ISI started coverage on CNO Financial Group in a research report on Wednesday, July 6th. They issued a “hold” rating and a $19.00 target price on the stock. Finally, Citigroup Inc. reduced their price target on CNO Financial Group from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, July 7th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $18.85.
About CNO Financial Group
CNO Financial Group, Inc is a holding company for a group of insurance companies operating across the United States that develop, market and administer health insurance, annuity, individual life insurance and other insurance products. It operates through three operating segments: Bankers Life, Washington National and Colonial Penn.
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