Citadel Advisors LLC grew its stake in shares of CNO Financial Group Inc (NYSE:CNO) by 106.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 2,853,670 shares of the financial services provider’s stock after acquiring an additional 1,474,518 shares during the quarter. Citadel Advisors LLC owned about 1.83% of CNO Financial Group worth $47,599,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its position in shares of CNO Financial Group by 206.0% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,888 shares of the financial services provider’s stock worth $31,000 after buying an additional 1,271 shares during the last quarter. Point72 Hong Kong Ltd lifted its position in shares of CNO Financial Group by 32.3% during the 2nd quarter. Point72 Hong Kong Ltd now owns 3,192 shares of the financial services provider’s stock worth $53,000 after buying an additional 779 shares during the last quarter. CWM Advisors LLC bought a new stake in shares of CNO Financial Group during the 2nd quarter worth $176,000. Janney Montgomery Scott LLC bought a new stake in shares of CNO Financial Group during the 1st quarter worth $180,000. Finally, GAM Holding AG bought a new stake in shares of CNO Financial Group during the 1st quarter worth $185,000. Hedge funds and other institutional investors own 96.41% of the company’s stock.
Several brokerages recently weighed in on CNO. Zacks Investment Research downgraded CNO Financial Group from a “hold” rating to a “sell” rating and set a $17.00 price objective for the company. in a research report on Thursday, September 12th. Citigroup dropped their price objective on CNO Financial Group from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. CNO Financial Group presently has an average rating of “Hold” and an average target price of $18.33.
CNO Financial Group (NYSE:CNO) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. CNO Financial Group had a positive return on equity of 7.71% and a negative net margin of 9.67%. The business had revenue of $979.80 million during the quarter, compared to analysts’ expectations of $956.66 million. During the same quarter in the prior year, the firm earned $0.49 EPS. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. Sell-side analysts anticipate that CNO Financial Group Inc will post 1.9 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.44 dividend on an annualized basis and a yield of 2.76%. CNO Financial Group’s payout ratio is presently 24.04%.
In other CNO Financial Group news, Director Frederick James Sievert sold 9,415 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $15.94, for a total value of $150,075.10. Following the completion of the transaction, the director now owns 65,555 shares of the company’s stock, valued at approximately $1,044,946.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.
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.
Featured Story: What is a portfolio manager?
Want to see what other hedge funds are holding CNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNO Financial Group Inc (NYSE:CNO).
Receive News & Ratings for CNO Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNO Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.