Pacad Investment Ltd. increased its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 63.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,341 shares of the financial services provider’s stock after purchasing an additional 6,741 shares during the quarter. Pacad Investment Ltd.’s holdings in CNO Financial Group were worth $362,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of CNO. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in CNO Financial Group by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,976 shares of the financial services provider’s stock valued at $146,000 after buying an additional 622 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in CNO Financial Group by 1,250.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 9,036 shares of the financial services provider’s stock worth $185,000 after acquiring an additional 8,367 shares in the last quarter. Trexquant Investment LP acquired a new position in CNO Financial Group during the 2nd quarter worth about $202,000. Teza Capital Management LLC acquired a new position in CNO Financial Group during the 1st quarter worth about $219,000. Finally, Laurion Capital Management LP acquired a new position in CNO Financial Group during the 1st quarter worth about $242,000. Institutional investors own 95.39% of the company’s stock.
CNO Financial Group, Inc. (CNO) opened at 22.14 on Friday. CNO Financial Group, Inc. has a one year low of $14.30 and a one year high of $23.95. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 9.68 and a beta of 1.21. The company has a 50-day moving average price of $22.59 and a 200-day moving average price of $21.20.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 11th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Friday, September 8th. CNO Financial Group’s dividend payout ratio is presently 15.72%.
A number of research firms have recently commented on CNO. Morgan Stanley downgraded CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 price objective on the stock. in a report on Monday, August 14th. They noted that the move was a valuation call. Wells Fargo & Company reiterated a “hold” rating on shares of CNO Financial Group in a research note on Monday, June 5th. ValuEngine raised CNO Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. FBR & Co reaffirmed an “outperform” rating and set a $23.00 price objective on shares of CNO Financial Group in a report on Wednesday, May 31st. Finally, BidaskClub raised CNO Financial Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. CNO Financial Group currently has an average rating of “Hold” and an average target price of $21.29.
CNO Financial Group Profile
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.
Receive News & Ratings for CNO Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNO Financial Group Inc. and related companies with our FREE daily email newsletter.