Duality Advisers LP acquired a new stake in CNO Financial Group Inc (NYSE:CNO) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 117,854 shares of the financial services provider’s stock, valued at approximately $1,835,000. Duality Advisers LP owned approximately 0.08% of CNO Financial Group at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in CNO. Advisor Group Holdings Inc. bought a new stake in shares of CNO Financial Group in the first quarter valued at about $39,000. Meeder Asset Management Inc. raised its holdings in shares of CNO Financial Group by 24,476.4% in the first quarter. Meeder Asset Management Inc. now owns 13,517 shares of the financial services provider’s stock valued at $168,000 after acquiring an additional 13,462 shares in the last quarter. Cim Investment Mangement Inc. bought a new stake in shares of CNO Financial Group in the first quarter valued at about $170,000. Balasa Dinverno & Foltz LLC bought a new stake in shares of CNO Financial Group in the first quarter valued at about $173,000. Finally, Magnus Financial Group LLC bought a new position in CNO Financial Group in the first quarter worth about $178,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.
A number of equities analysts have commented on the stock. B. Riley upgraded shares of CNO Financial Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $15.00 to $20.00 in a report on Friday, May 29th. Zacks Investment Research downgraded shares of CNO Financial Group from a “hold” rating to a “sell” rating and set a $15.00 target price for the company. in a report on Monday, April 13th. Goldman Sachs Group upgraded shares of CNO Financial Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $17.00 to $19.00 in a report on Thursday, June 18th. ValuEngine downgraded shares of CNO Financial Group from a “sell” rating to a “strong sell” rating in a report on Friday, May 1st. Finally, Morgan Stanley boosted their target price on shares of CNO Financial Group from $13.00 to $15.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. CNO Financial Group currently has an average rating of “Hold” and a consensus target price of $18.57.
CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.18. The business had revenue of $717.20 million during the quarter, compared to analysts’ expectations of $961.59 million. CNO Financial Group had a net margin of 9.07% and a return on equity of 6.97%. The business’s quarterly revenue was down 29.9% on a year-over-year basis. During the same quarter last year, the company posted $0.41 earnings per share. As a group, sell-side analysts forecast that CNO Financial Group Inc will post 1.75 earnings per share for the current year.
CNO Financial Group 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.
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