First Citizens Bank & Trust Co. decreased its position in shares of CNO Financial Group Inc. (NYSE:CNO) by 1.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 46,126 shares of the company’s stock after selling 913 shares during the period. First Citizens Bank & Trust Co.’s holdings in CNO Financial Group were worth $805,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aperio Group LLC boosted its position in shares of CNO Financial Group by 34.6% in the first quarter. Aperio Group LLC now owns 77,083 shares of the company’s stock worth $1,381,000 after buying an additional 19,814 shares in the last quarter. Pacad Investment Ltd. bought a new stake in CNO Financial Group during the first quarter worth about $401,000. Los Angeles Capital Management & Equity Research Inc. raised its stake 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 during the last quarter. Prudential Financial Inc. raised its stake in CNO Financial Group by 328.5% in the first quarter. Prudential Financial Inc. now owns 513,414 shares of the company’s stock worth $9,200,000 after buying an additional 393,600 shares during the last quarter. Finally, BlackRock Inc. raised its stake in CNO Financial Group by 5.8% in the first quarter. BlackRock Inc. now owns 74,483 shares of the company’s stock worth $1,335,000 after buying an additional 4,106 shares during the last quarter. 97.67% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CNO Financial Group Inc. (NYSE:CNO) traded down 1.78% during trading on Thursday, hitting $15.48. The stock had a trading volume of 664,887 shares. The stock has a 50 day moving average of $15.69 and a 200 day moving average of $17.45. CNO Financial Group Inc. has a 12 month low of $14.30 and a 12 month high of $20.88. The company has a market cap of $2.71 billion, a PE ratio of 10.40 and a beta of 1.23.
CNO Financial Group (NYSE:CNO) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.35. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $961.56 million. CNO Financial Group had a return on equity of 5.68% and a net margin of 7.20%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the business posted $0.34 EPS. Equities analysts forecast that CNO Financial Group Inc. will post $1.34 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.32 annualized dividend and a yield of 2.03%. CNO Financial Group’s dividend payout ratio (DPR) is presently 21.48%.
A number of analysts recently issued reports on CNO shares. Deutsche Bank AG set a $16.00 price objective on CNO Financial Group and gave the company a “hold” rating in a research note on Friday, September 30th. Keefe, Bruyette & Woods decreased their price objective on CNO Financial Group from $20.00 to $19.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 2nd. Goldman Sachs Group Inc. lowered CNO Financial Group from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $21.00 to $17.00 in a research note on Friday, September 30th. Zacks Investment Research upgraded CNO Financial Group from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, September 6th. Finally, Wells Fargo & Co. started coverage on CNO Financial Group in a research note on Thursday, September 22nd. They set an “outperform” rating on the stock. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $18.85.
CNO Financial Group Company Profile
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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