CNO Financial Group, Inc. (NYSE:CNO) Stake Raised by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC grew its position in CNO Financial Group, Inc. (NYSE:CNO) by 10.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 674,845 shares of the financial services provider’s stock after acquiring an additional 62,425 shares during the period. Parametric Portfolio Associates LLC owned 0.40% of CNO Financial Group worth $14,091,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CNO. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of CNO Financial Group by 9.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,976 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 622 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of CNO Financial Group by 1,250.7% in the first quarter. Envestnet Asset Management Inc. now owns 9,036 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 8,367 shares in the last quarter. Riverhead Capital Management LLC increased its holdings in shares of CNO Financial Group by 71.3% in the second quarter. Riverhead Capital Management LLC now owns 9,252 shares of the financial services provider’s stock valued at $193,000 after purchasing an additional 3,852 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of CNO Financial Group in the second quarter valued at approximately $202,000. Finally, Laurion Capital Management LP acquired a new stake in shares of CNO Financial Group in the first quarter valued at approximately $242,000. Institutional investors own 95.01% of the company’s stock.

CNO has been the subject of a number of research reports. ValuEngine raised shares of CNO Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Wells Fargo & Company reissued a “hold” rating on shares of CNO Financial Group in a report on Tuesday, June 20th. BidaskClub raised shares of CNO Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Zacks Investment Research lowered shares of CNO Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Morgan Stanley lowered shares of CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 price target for the company. in a report on Monday, August 14th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. CNO Financial Group has an average rating of “Hold” and an average price target of $22.00.

Shares of CNO Financial Group, Inc. (CNO) opened at 24.37 on Wednesday. CNO Financial Group, Inc. has a 12-month low of $14.85 and a 12-month high of $24.59. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 10.66 and a beta of 1.20. The firm’s 50-day moving average is $22.97 and its 200-day moving average is $21.67.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Monday, September 11th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Friday, September 8th. CNO Financial Group’s dividend payout ratio (DPR) is currently 15.72%.

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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.

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

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