Meadow Creek Investment Management LLC Buys 3,570 Shares of CNO Financial Group (CNO)

Meadow Creek Investment Management LLC grew its stake in CNO Financial Group (NYSE:CNO) by 16.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,466 shares of the financial services provider’s stock after buying an additional 3,570 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in CNO Financial Group were worth $629,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CNO. Victory Capital Management Inc. raised its position in shares of CNO Financial Group by 35.6% during the 4th quarter. Victory Capital Management Inc. now owns 1,696,592 shares of the financial services provider’s stock worth $41,889,000 after acquiring an additional 445,212 shares in the last quarter. Guggenheim Capital LLC increased its position in CNO Financial Group by 238.3% during the fourth quarter. Guggenheim Capital LLC now owns 582,429 shares of the financial services provider’s stock worth $14,380,000 after buying an additional 410,283 shares during the period. Allianz Asset Management GmbH increased its position in CNO Financial Group by 21.6% during the fourth quarter. Allianz Asset Management GmbH now owns 1,935,828 shares of the financial services provider’s stock worth $47,796,000 after buying an additional 343,671 shares during the period. APG Asset Management N.V. increased its position in CNO Financial Group by 264.3% during the fourth quarter. APG Asset Management N.V. now owns 453,500 shares of the financial services provider’s stock worth $9,325,000 after buying an additional 329,000 shares during the period. Finally, Bank of New York Mellon Corp increased its position in CNO Financial Group by 8.7% during the fourth 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 buying an additional 324,088 shares during the period. Institutional investors and hedge funds own 97.09% of the company’s stock.

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CNO stock opened at $21.24 on Friday. The stock has a market capitalization of $3,667.94, a P/E ratio of 21.03, a PEG ratio of 1.08 and a beta of 1.14. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.53. CNO Financial Group has a twelve month low of $19.37 and a twelve month high of $26.47.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Tuesday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.20. CNO Financial Group had a return on equity of 6.63% and a net margin of 4.09%. The firm had revenue of $1.09 billion for the quarter. sell-side analysts forecast that CNO Financial Group will post 2.03 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were paid a $0.09 dividend. The ex-dividend date was Thursday, March 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.69%. CNO Financial Group’s dividend payout ratio (DPR) is presently 35.64%.

Several research firms have commented on CNO. Zacks Investment Research raised CNO Financial Group from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Wednesday, January 10th. ValuEngine raised CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. William Blair began coverage on CNO Financial Group in a report on Monday, March 12th. They issued an “outperform” rating on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $24.00 target price on shares of CNO Financial Group in a report on Thursday, December 21st. Finally, Wells Fargo set a $25.00 target price on CNO Financial Group and gave the company a “hold” rating in a report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $24.17.

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CNO Financial Group Company 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.

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

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