Laurion Capital Management LP decreased its position in CNO Financial Group Inc (NYSE:CNO) by 12.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,095 shares of the financial services provider’s stock after selling 17,229 shares during the quarter. Laurion Capital Management LP owned about 0.08% of CNO Financial Group worth $2,382,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in CNO. Old Mutual Global Investors UK Ltd. lifted its holdings in shares of CNO Financial Group by 2,528.5% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 1,390,382 shares of the financial services provider’s stock valued at $30,129,000 after buying an additional 1,337,485 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in shares of CNO Financial Group by 18.1% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 6,174,450 shares of the financial services provider’s stock worth $117,562,000 after purchasing an additional 946,582 shares during the period. Allianz Asset Management GmbH raised its position in shares of CNO Financial Group by 46.3% during the first quarter. Allianz Asset Management GmbH now owns 2,831,660 shares of the financial services provider’s stock worth $61,362,000 after purchasing an additional 895,832 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of CNO Financial Group by 186.1% during the first quarter. The Manufacturers Life Insurance Company now owns 1,141,906 shares of the financial services provider’s stock worth $24,745,000 after purchasing an additional 742,820 shares during the period. Finally, BlackRock Inc. raised its position in shares of CNO Financial Group by 3.3% during the second quarter. BlackRock Inc. now owns 16,675,104 shares of the financial services provider’s stock worth $317,494,000 after purchasing an additional 536,084 shares during the period. Institutional investors and hedge funds own 92.60% of the company’s stock.
A number of equities research analysts have recently issued reports on CNO shares. Morgan Stanley raised CNO Financial Group from an “underweight” rating to an “equal weight” rating in a research report on Thursday, May 17th. B. Riley cut their target price on CNO Financial Group from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, June 12th. Zacks Investment Research raised CNO Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, June 22nd. ValuEngine lowered CNO Financial Group from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $24.00 target price on shares of CNO Financial Group in a research report on Friday, August 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. CNO Financial Group currently has an average rating of “Hold” and a consensus target price of $24.80.
In related news, EVP Bruce K. Baude sold 33,000 shares of the company’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $22.17, for a total transaction of $731,610.00. Following the transaction, the executive vice president now directly owns 52,047 shares of the company’s stock, valued at $1,153,881.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is currently owned by insiders.
NYSE:CNO opened at $21.24 on Monday. The firm has a market cap of $3.50 billion, a P/E ratio of 10.51 and a beta of 1.13. CNO Financial Group Inc has a 1-year low of $18.65 and a 1-year high of $26.47. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.58.
CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Wednesday, August 1st. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.01). The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. CNO Financial Group had a net margin of 5.12% and a return on equity of 7.11%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. equities research analysts predict that CNO Financial Group Inc will post 1.97 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 24th. Investors of record on Monday, September 10th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.88%. The ex-dividend date is Friday, September 7th. CNO Financial Group’s payout ratio is 19.80%.
About CNO Financial Group
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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