Congress Asset Management Co. MA trimmed its holdings in CNO Financial Group Inc (NYSE:CNO) by 9.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 88,793 shares of the financial services provider’s stock after selling 8,774 shares during the quarter. Congress Asset Management Co. MA owned 0.06% of CNO Financial Group worth $1,406,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Northern Trust Corp lifted its holdings in shares of CNO Financial Group by 0.8% in the 2nd quarter. Northern Trust Corp now owns 4,307,615 shares of the financial services provider’s stock worth $71,851,000 after acquiring an additional 32,085 shares during the last quarter. Virginia Retirement Systems ET AL raised its holdings in CNO Financial Group by 19.9% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 84,500 shares of the financial services provider’s stock valued at $1,409,000 after buying an additional 14,000 shares during the last quarter. Carillon Tower Advisers Inc. raised its holdings in CNO Financial Group by 2.0% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 165,482 shares of the financial services provider’s stock valued at $2,760,000 after buying an additional 3,275 shares during the last quarter. Royal Bank of Canada raised its holdings in CNO Financial Group by 36.0% during the 2nd quarter. Royal Bank of Canada now owns 186,280 shares of the financial services provider’s stock valued at $3,107,000 after buying an additional 49,335 shares during the last quarter. Finally, Scout Investments Inc. raised its holdings in CNO Financial Group by 64.9% during the 2nd quarter. Scout Investments Inc. now owns 275,330 shares of the financial services provider’s stock valued at $4,593,000 after buying an additional 108,354 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.
CNO Financial Group stock traded down $0.10 during mid-day trading on Friday, reaching $17.09. 12,631 shares of the company traded hands, compared to its average volume of 976,127. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.25 and a quick ratio of 0.25. The firm’s 50 day moving average price is $15.69 and its 200 day moving average price is $16.01. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 9.37 and a beta of 1.22. CNO Financial Group Inc has a 52-week low of $13.64 and a 52-week high of $19.61.
CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.02). The company had revenue of $944.00 million for the quarter, compared to analysts’ expectations of $953.60 million. CNO Financial Group had a net margin of 4.29% and a return on equity of 7.10%. The firm’s revenue for the quarter was down 36.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share. On average, sell-side analysts anticipate that CNO Financial Group Inc will post 1.84 EPS for the current year.
CNO has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of CNO Financial Group from a “hold” rating to a “sell” rating and set a $17.00 price target for the company. in a report on Thursday, September 12th. Citigroup lowered their price target on shares of CNO Financial Group from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Finally, ValuEngine lowered shares of CNO Financial Group from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $18.33.
In other CNO Financial Group news, Director Frederick James Sievert sold 9,415 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $15.94, for a total transaction of $150,075.10. Following the transaction, the director now directly owns 65,555 shares of the company’s stock, valued at approximately $1,044,946.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.
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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