Pacer Advisors Inc. Acquires 4,363 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Pacer Advisors Inc. grew its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 23.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 22,711 shares of the financial services provider’s stock after acquiring an additional 4,363 shares during the period. Pacer Advisors Inc.’s holdings in CNO Financial Group were worth $474,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Prudential Financial Inc. increased its stake in shares of CNO Financial Group by 50.8% in the second quarter. Prudential Financial Inc. now owns 1,758,374 shares of the financial services provider’s stock worth $36,715,000 after acquiring an additional 592,490 shares during the last quarter. Zweig DiMenna Associates LLC acquired a new position in shares of CNO Financial Group in the second quarter worth $280,000. American Century Companies Inc. increased its stake in shares of CNO Financial Group by 512.9% in the second quarter. American Century Companies Inc. now owns 191,064 shares of the financial services provider’s stock worth $3,989,000 after acquiring an additional 159,888 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of CNO Financial Group by 15.8% in the second quarter. Victory Capital Management Inc. now owns 1,255,682 shares of the financial services provider’s stock worth $26,219,000 after acquiring an additional 171,722 shares during the last quarter. Finally, Virginia Retirement Systems ET AL increased its stake in shares of CNO Financial Group by 28.6% in the second quarter. Virginia Retirement Systems ET AL now owns 36,400 shares of the financial services provider’s stock worth $760,000 after acquiring an additional 8,100 shares during the last quarter. Institutional investors own 95.39% of the company’s stock.

Shares of CNO Financial Group, Inc. (NYSE CNO) opened at 22.14 on Friday. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 9.68 and a beta of 1.21. CNO Financial Group, Inc. has a one year low of $14.30 and a one year high of $23.95. The company has a 50 day moving average of $22.59 and a 200-day moving average of $21.20.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 11th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, September 8th. CNO Financial Group’s dividend payout ratio (DPR) is presently 15.72%.

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Several research firms have commented on CNO. FBR & Co reaffirmed an “outperform” rating and issued a $23.00 price target on shares of CNO Financial Group in a research report on Wednesday, May 31st. BidaskClub raised CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Zacks Investment Research upgraded shares of CNO Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Wells Fargo & Company reiterated a “hold” rating on shares of CNO Financial Group in a research note on Tuesday, June 20th. Finally, Morgan Stanley cut shares of CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 target price for the company. in a research note on Monday, August 14th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $21.29.

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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