William Blair Investment Management LLC lowered its position in CNO Financial Group Inc (NYSE:CNO) by 28.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 554,502 shares of the financial services provider’s stock after selling 225,151 shares during the quarter. William Blair Investment Management LLC’s holdings in CNO Financial Group were worth $10,053,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. CNA Financial Corp raised its holdings in CNO Financial Group by 2.8% in the third quarter. CNA Financial Corp now owns 114,459 shares of the financial services provider’s stock valued at $1,812,000 after buying an additional 3,100 shares during the period. Millennium Management LLC boosted its stake in shares of CNO Financial Group by 291.4% in the third quarter. Millennium Management LLC now owns 1,652,253 shares of the financial services provider’s stock valued at $26,155,000 after purchasing an additional 1,230,122 shares during the period. Tower Research Capital LLC TRC grew its holdings in CNO Financial Group by 105.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,584 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 4,413 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in CNO Financial Group by 10.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 346,950 shares of the financial services provider’s stock worth $5,494,000 after buying an additional 32,028 shares in the last quarter. Finally, Boston Advisors LLC boosted its position in CNO Financial Group by 57.1% in the 3rd quarter. Boston Advisors LLC now owns 110,765 shares of the financial services provider’s stock valued at $1,753,000 after buying an additional 40,270 shares during the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on the company. B. Riley lowered CNO Financial Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $24.00 to $20.00 in a research report on Wednesday. TheStreet upgraded CNO Financial Group from a “c+” rating to a “b-” rating in a research note on Tuesday, November 26th. ValuEngine downgraded shares of CNO Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. Guggenheim cut shares of CNO Financial Group to a “hold” rating and set a $29.00 price target on the stock. in a report on Friday, November 15th. Finally, Zacks Investment Research upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Monday, January 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. CNO Financial Group currently has a consensus rating of “Hold” and an average target price of $21.25.
Shares of CNO Financial Group stock traded down $2.06 on Thursday, reaching $11.70. 1,331,515 shares of the company were exchanged, compared to its average volume of 1,814,070. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.24 and a current ratio of 0.24. The company’s 50-day moving average is $17.76 and its two-hundred day moving average is $17.02. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 4.38 and a beta of 1.24. CNO Financial Group Inc has a 1-year low of $13.41 and a 1-year high of $20.93.
CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.09. The business had revenue of $1.07 billion for the quarter. CNO Financial Group had a return on equity of 6.51% and a net margin of 10.19%. As a group, sell-side analysts forecast that CNO Financial Group Inc will post 2.05 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Monday, March 9th. CNO Financial Group’s payout ratio is 24.44%.
CNO Financial Group Profile
CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments.
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