Systematic Financial Management LP acquired a new stake in shares of CNO Financial Group Inc (NYSE:CNO) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 56,895 shares of the financial services provider’s stock, valued at approximately $949,000.
A number of other institutional investors also recently modified their holdings of the business. Virginia Retirement Systems ET AL increased its position in shares of 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 purchasing an additional 14,000 shares during the last quarter. Arizona State Retirement System increased its holdings in CNO Financial Group by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 116,124 shares of the financial services provider’s stock worth $1,937,000 after acquiring an additional 721 shares in the last quarter. Foundry Partners LLC increased its holdings in CNO Financial Group by 11.0% in the 2nd quarter. Foundry Partners LLC now owns 716,652 shares of the financial services provider’s stock worth $11,954,000 after acquiring an additional 70,857 shares in the last quarter. CWM Advisors LLC purchased a new stake in CNO Financial Group in the 2nd quarter worth approximately $176,000. Finally, Oregon Public Employees Retirement Fund increased its holdings in CNO Financial Group by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 66,928 shares of the financial services provider’s stock worth $1,116,000 after acquiring an additional 919 shares in the last quarter. 94.20% of the stock is currently owned by institutional investors and hedge funds.
CNO traded down $0.20 during trading on Friday, reaching $15.65. 1,041,151 shares of the company traded hands, compared to its average volume of 1,090,885. 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 12-month low of $13.64 and a 12-month high of $22.19. The business’s fifty day simple moving average is $16.48. The stock has a market capitalization of $2.47 billion, a P/E ratio of 8.55 and a beta of 1.22.
CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. CNO Financial Group had a negative net margin of 9.67% and a positive return on equity of 7.71%. The business had revenue of $979.80 million during the quarter, compared to analyst estimates of $956.66 million. During the same period last year, the firm posted $0.49 EPS. The company’s revenue was down 6.4% on a year-over-year basis. On average, equities research analysts predict that CNO Financial Group Inc will post 1.9 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Monday, September 9th. CNO Financial Group’s dividend payout ratio (DPR) is currently 24.04%.
In other CNO Financial Group news, EVP Matthew J. Zimpfer sold 15,112 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $16.51, for a total transaction of $249,499.12. Following the completion of the sale, the executive vice president now directly owns 149,504 shares of the company’s stock, valued at approximately $2,468,311.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.50% of the company’s stock.
Several equities research analysts recently issued reports on CNO shares. ValuEngine raised shares of CNO Financial Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 8th. Zacks Investment Research lowered shares of CNO Financial Group from a “hold” rating to a “sell” rating and set a $18.00 target price for the company. in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $19.50.
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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