CNO Financial Group Inc (CNO) Position Raised by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC increased its stake in CNO Financial Group Inc (NYSE:CNO) by 164.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,695 shares of the financial services provider’s stock after acquiring an additional 38,965 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in CNO Financial Group were worth $1,359,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Deutsche Bank AG increased its holdings in CNO Financial Group by 9.5% in the 4th quarter. Deutsche Bank AG now owns 1,664,534 shares of the financial services provider’s stock worth $41,093,000 after acquiring an additional 144,938 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in CNO Financial Group by 50.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,461 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 3,485 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in CNO Financial Group during the 4th quarter worth $4,551,000. Arizona State Retirement System boosted its stake in CNO Financial Group by 26.0% during the 4th quarter. Arizona State Retirement System now owns 120,746 shares of the financial services provider’s stock worth $2,981,000 after purchasing an additional 24,948 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in CNO Financial Group by 2.5% during the 4th quarter. Alliancebernstein L.P. now owns 475,068 shares of the financial services provider’s stock worth $11,729,000 after purchasing an additional 11,430 shares during the last quarter. 94.47% of the stock is owned by institutional investors.

Shares of CNO opened at $20.06 on Tuesday. CNO Financial Group Inc has a 52-week low of $19.32 and a 52-week high of $26.47. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 1.00 and a beta of 1.11.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Wednesday, April 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. CNO Financial Group had a net margin of 4.67% and a return on equity of 6.92%. analysts forecast that CNO Financial Group Inc will post 2.02 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 25th. Stockholders of record on Monday, June 11th will be given a dividend of $0.10 per share. This is a boost from CNO Financial Group’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Friday, June 8th. This represents a $0.40 annualized dividend and a dividend yield of 1.99%. CNO Financial Group’s payout ratio is presently 19.80%.

Several equities research analysts have issued reports on CNO shares. ValuEngine cut shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. William Blair started coverage on shares of CNO Financial Group in a research note on Monday, March 12th. They set an “outperform” rating on the stock. Zacks Investment Research cut shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, April 6th. Wells Fargo & Co set a $23.00 target price on shares of CNO Financial Group and gave the stock a “hold” rating in a research note on Wednesday, April 25th. Finally, Morgan Stanley raised shares of CNO Financial Group from an “underweight” rating to an “equal weight” rating in a research note on Thursday, May 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $24.17.

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.

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

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