Zeke Capital Advisors LLC cut its stake in shares of CNO Financial Group Inc (NYSE:CNO) by 5.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,244 shares of the financial services provider’s stock after selling 5,140 shares during the period. Zeke Capital Advisors LLC owned about 0.06% of CNO Financial Group worth $1,555,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC increased its holdings in shares of CNO Financial Group by 888.0% in the first quarter. Quadrant Capital Group LLC now owns 3,952 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 3,552 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of CNO Financial Group in the fourth quarter worth about $91,000. CWM Advisors LLC bought a new stake in shares of CNO Financial Group in the second quarter worth about $176,000. Janney Montgomery Scott LLC bought a new stake in shares of CNO Financial Group in the first quarter worth about $180,000. Finally, GAM Holding AG bought a new stake in shares of CNO Financial Group in the first quarter worth about $185,000. Institutional investors own 94.20% of the company’s stock.
CNO has been the topic of several analyst reports. ValuEngine raised CNO Financial Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 8th. Zacks Investment Research cut CNO Financial Group from a “hold” rating to a “sell” rating and set a $18.00 price objective on the stock. in a research note on Thursday. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. CNO Financial Group presently has a consensus rating of “Hold” and an average price target of $19.50.
In other CNO Financial Group news, EVP Matthew J. Zimpfer sold 15,112 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $16.51, for a total transaction of $249,499.12. Following the sale, the executive vice president now directly owns 149,504 shares of the company’s stock, valued at $2,468,311.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.
NYSE CNO traded down $0.67 during trading hours on Monday, hitting $15.13. 17,193 shares of the company were exchanged, compared to its average volume of 950,561. The stock has a 50-day moving average price of $16.58. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.62. CNO Financial Group Inc has a 52 week low of $13.64 and a 52 week high of $22.44. The stock has a market capitalization of $2.55 billion, a PE ratio of 8.29 and a beta of 1.22.
CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $0.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. CNO Financial Group had a positive return on equity of 7.71% and a negative net margin of 9.67%. The company had revenue of $979.80 million for the quarter, compared to analysts’ expectations of $956.66 million. During the same period in the previous year, the firm posted $0.49 earnings per share. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. As a group, analysts expect that CNO Financial Group Inc will post 1.9 EPS for the current year.
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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