Convergence Investment Partners LLC Has $4.03 Million Position in CNO Financial Group Inc (CNO)

Convergence Investment Partners LLC cut its holdings in CNO Financial Group Inc (NYSE:CNO) by 4.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 163,352 shares of the financial services provider’s stock after selling 6,900 shares during the period. Convergence Investment Partners LLC’s holdings in CNO Financial Group were worth $4,033,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Dalton Greiner Hartman Maher & Co. boosted its holdings in CNO Financial Group by 3.5% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 671,749 shares of the financial services provider’s stock worth $16,585,000 after buying an additional 23,015 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in CNO Financial Group by 2.9% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 684,524 shares of the financial services provider’s stock worth $15,977,000 after buying an additional 19,011 shares during the period. Public Employees Retirement System of Ohio bought a new position in CNO Financial Group in the 3rd quarter worth approximately $2,160,000. California Public Employees Retirement System boosted its holdings in CNO Financial Group by 2.6% in the 3rd quarter. California Public Employees Retirement System now owns 610,212 shares of the financial services provider’s stock worth $14,242,000 after buying an additional 15,512 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in CNO Financial Group in the 3rd quarter worth approximately $292,000. 95.46% of the stock is owned by institutional investors.

Shares of CNO Financial Group Inc (NYSE CNO) traded down $0.29 during trading hours on Tuesday, reaching $26.09. 715,200 shares of the company’s stock traded hands, compared to its average volume of 711,911. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.16 and a current ratio of 0.16. CNO Financial Group Inc has a 1 year low of $18.67 and a 1 year high of $26.47. The company has a market cap of $4,376.92, a P/E ratio of 9.42, a price-to-earnings-growth ratio of 1.33 and a beta of 1.20.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.06. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1 billion. CNO Financial Group had a net margin of 11.41% and a return on equity of 5.88%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company posted $0.37 EPS. sell-side analysts forecast that CNO Financial Group Inc will post 1.65 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Monday, December 11th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, December 8th. CNO Financial Group’s dividend payout ratio (DPR) is currently 13.00%.

Several research analysts have commented on the stock. Zacks Investment Research raised shares of CNO Financial Group from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Wednesday, January 10th. Wells Fargo & Co set a $22.00 price target on shares of CNO Financial Group and gave the company a “hold” rating in a report on Wednesday, October 25th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $24.00 price target on shares of CNO Financial Group in a report on Thursday, December 21st. Goldman Sachs Group assumed coverage on shares of CNO Financial Group in a report on Wednesday, October 18th. They issued a “neutral” rating and a $24.00 price target for the company. Finally, B. Riley reissued a “buy” rating on shares of CNO Financial Group in a report on Monday, November 6th. One analyst has rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. CNO Financial Group has an average rating of “Hold” and a consensus price target of $22.75.

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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.

Want to see what other hedge funds are holding CNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNO Financial Group Inc (NYSE:CNO).

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

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