Prudential Financial Inc. Buys 592,490 Shares of CNO Financial Group, Inc. (CNO)

Prudential Financial Inc. lifted its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 50.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,758,374 shares of the financial services provider’s stock after acquiring an additional 592,490 shares during the period. Prudential Financial Inc. owned approximately 1.04% of CNO Financial Group worth $36,715,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Zweig DiMenna Associates LLC acquired a new position in CNO Financial Group during the 2nd quarter worth approximately $280,000. American Century Companies Inc. increased its position in CNO Financial Group by 512.9% in the 2nd quarter. American Century Companies Inc. now owns 191,064 shares of the financial services provider’s stock valued at $3,989,000 after acquiring an additional 159,888 shares during the period. Victory Capital Management Inc. increased its position in CNO Financial Group by 15.8% in the 2nd quarter. Victory Capital Management Inc. now owns 1,255,682 shares of the financial services provider’s stock valued at $26,219,000 after acquiring an additional 171,722 shares during the period. Virginia Retirement Systems ET AL increased its position in CNO Financial Group by 28.6% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 36,400 shares of the financial services provider’s stock valued at $760,000 after acquiring an additional 8,100 shares during the period. Finally, Federated Investors Inc. PA increased its position in CNO Financial Group by 25.8% in the 2nd quarter. Federated Investors Inc. PA now owns 1,244,424 shares of the financial services provider’s stock valued at $25,983,000 after acquiring an additional 254,976 shares during the period. Institutional investors and hedge funds own 95.39% of the company’s stock.

Shares of CNO Financial Group, Inc. (NYSE CNO) traded up 1.08% during midday trading on Friday, reaching $22.38. 2,320,317 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $22.58 and its 200 day moving average price is $21.21. CNO Financial Group, Inc. has a one year low of $14.30 and a one year high of $23.95. The firm has a market capitalization of $3.78 billion, a PE ratio of 9.79 and a beta of 1.21.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 11th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, September 8th. This represents a $0.36 annualized dividend and a dividend yield of 1.61%. CNO Financial Group’s dividend payout ratio is currently 15.72%.

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Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Morgan Stanley downgraded shares of CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 price objective for the company. in a report on Monday, August 14th. They noted that the move was a valuation call. BidaskClub upgraded shares of CNO Financial Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 2nd. FBR & Co restated an “outperform” rating and set a $23.00 price objective on shares of CNO Financial Group in a report on Wednesday, May 31st. Finally, Wells Fargo & Company restated a “hold” rating on shares of CNO Financial Group in a report on Monday, June 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price 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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