TFS Capital LLC Acquires New Position in CNO Financial Group, Inc. (CNO)

TFS Capital LLC purchased a new stake in shares of CNO Financial Group, Inc. (NYSE:CNO) during the first quarter, according to its most recent filing with the SEC. The fund purchased 16,979 shares of the financial services provider’s stock, valued at approximately $348,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. World Asset Management Inc increased its stake in CNO Financial Group by 0.8% in the first quarter. World Asset Management Inc now owns 12,448 shares of the financial services provider’s stock valued at $255,000 after buying an additional 94 shares during the period. Pacad Investment Ltd. increased its position in shares of CNO Financial Group by 0.9% in the fourth quarter. Pacad Investment Ltd. now owns 11,400 shares of the financial services provider’s stock worth $218,000 after buying an additional 100 shares in the last quarter. Cornercap Investment Counsel Inc. increased its position in shares of CNO Financial Group by 0.9% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 37,350 shares of the financial services provider’s stock worth $715,000 after buying an additional 350 shares in the last quarter. Capstone Asset Management Co. increased its position in shares of CNO Financial Group by 2.0% in the first quarter. Capstone Asset Management Co. now owns 24,558 shares of the financial services provider’s stock worth $503,000 after buying an additional 480 shares in the last quarter. Finally, Scout Investments Inc. increased its position in shares of CNO Financial Group by 0.3% in the third quarter. Scout Investments Inc. now owns 211,550 shares of the financial services provider’s stock worth $3,230,000 after buying an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 94.43% of the company’s stock.

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

Shares of CNO Financial Group, Inc. (CNO) traded down 1.12% on Monday, hitting $20.37. The stock had a trading volume of 2,253,397 shares. CNO Financial Group, Inc. has a 52 week low of $14.30 and a 52 week high of $22.60. The company has a market cap of $3.49 billion, a PE ratio of 9.57 and a beta of 1.26. The stock’s 50-day moving average price is $20.77 and its 200 day moving average price is $20.13.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. CNO Financial Group had a return on equity of 5.51% and a net margin of 9.16%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the business earned $0.26 EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, analysts predict that CNO Financial Group, Inc. will post $1.50 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, June 9th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This is an increase from CNO Financial Group’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 1.77%. CNO Financial Group’s dividend payout ratio is 16.82%.

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A number of equities research analysts recently commented on the stock. FBR & Co reissued an “outperform” rating and issued a $23.00 price objective on shares of CNO Financial Group in a research note on Wednesday, May 31st. BidaskClub raised shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research note on Friday. Keefe, Bruyette & Woods set a $22.00 target price on shares of CNO Financial Group and gave the stock a “hold” rating in a research report on Friday, March 17th. Wells Fargo & Company reissued a “hold” rating on shares of CNO Financial Group in a research report on Monday, June 5th. Finally, Zacks Investment Research cut shares of CNO Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, April 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $19.75.

About CNO Financial Group

CNO Financial Group, Inc is a holding company for a group of insurance companies operating throughout the United States that develops, markets and administers health insurance, annuity, individual life insurance and other insurance products. The Company’s segments include Bankers Life, Washington National and Colonial Penn.

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