CNO Financial Group, Inc. (NYSE:CNO) Stake Boosted by State Street Corp

State Street Corp boosted its stake in CNO Financial Group, Inc. (NYSE:CNO) by 2.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,964,685 shares of the financial services provider’s stock after buying an additional 174,301 shares during the period. State Street Corp owned about 4.07% of CNO Financial Group worth $142,777,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CNO. Schwab Charles Investment Management Inc. increased its stake in shares of CNO Financial Group by 18.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,178,473 shares of the financial services provider’s stock worth $24,159,000 after buying an additional 185,566 shares during the period. Invictus RG boosted its position in shares of CNO Financial Group by 1,843.9% in the first quarter. Invictus RG now owns 16,756 shares of the financial services provider’s stock valued at $343,000 after buying an additional 15,894 shares during the period. BlackRock Inc. boosted its position in shares of CNO Financial Group by 13,916.4% in the first quarter. BlackRock Inc. now owns 16,909,850 shares of the financial services provider’s stock valued at $346,652,000 after buying an additional 16,789,207 shares during the period. New York State Teachers Retirement System boosted its position in shares of CNO Financial Group by 197.6% in the first quarter. New York State Teachers Retirement System now owns 12,200 shares of the financial services provider’s stock valued at $250,000 after buying an additional 8,100 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of CNO Financial Group by 97.1% in the first quarter. Renaissance Technologies LLC now owns 407,700 shares of the financial services provider’s stock valued at $8,358,000 after buying an additional 200,800 shares during the period. Institutional investors own 94.42% of the company’s stock.

CNO Financial Group, Inc. (NYSE:CNO) traded up 0.33% during midday trading on Monday, reaching $21.14. 239,230 shares of the company traded hands. The firm has a 50-day moving average of $20.49 and a 200-day moving average of $20.24. The stock has a market capitalization of $3.62 billion, a P/E ratio of 9.93 and a beta of 1.20. CNO Financial Group, Inc. has a 1-year low of $14.30 and a 1-year high of $22.60.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.03. CNO Financial Group had a return on equity of 5.51% and a net margin of 9.16%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the firm posted $0.26 earnings per share. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. On average, analysts predict that CNO Financial Group, Inc. will post $1.50 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Stockholders of record on Friday, June 9th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, June 7th. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 1.71%. CNO Financial Group’s dividend payout ratio is 16.82%.

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CNO has been the subject of several recent analyst reports. Zacks Investment Research cut shares of CNO Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, April 17th. BidaskClub raised shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Wells Fargo & Company reiterated a “hold” rating on shares of CNO Financial Group in a report on Tuesday, June 20th. 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, ValuEngine upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $19.63.

CNO Financial Group Company 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.

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

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