[ad_1]
Assenagon Asset Management S.A. reduced its position in CNO Financial Group, Inc. (NYSE:CNO – Get Rating) by 11.9% in the first quarter, Holdings Channel.com reports. The fund owned 66,809 shares of the financial services provider’s stock after selling 9,059 shares during the quarter. Assenagon Asset Management S.A.’s holdings in CNO Financial Group were worth $1,676,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Strs Ohio lifted its position in CNO Financial Group by 83.3% during the fourth quarter. Strs Ohio now owns 1,100 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 500 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in CNO Financial Group during the fourth quarter valued at approximately $39,000. Sageworth Trust Co of South Dakota bought a new stake in CNO Financial Group during the fourth quarter valued at approximately $51,000. Eaton Vance Management bought a new stake in CNO Financial Group during the fourth quarter valued at approximately $71,000. Finally, Pictet Asset Management SA bought a new stake in CNO Financial Group during the fourth quarter valued at approximately $201,000. Institutional investors and hedge funds own 96.18% of the company’s stock.
CNO stock opened at $16.73 on Friday. The company has a market capitalization of $1.94 billion, a PE ratio of 5.21 and a beta of 1.21. CNO Financial Group, Inc. has a one year low of $16.56 and a one year high of $26.74. The company’s 50 day moving average price is $19.07 and its two-hundred day moving average price is $22.75. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.20 and a current ratio of 0.20.
CNO Financial Group (NYSE:CNO – Get Rating) last issued its earnings results on Monday, May 2nd. The financial services provider reported $0.42 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.15). CNO Financial Group had a return on equity of 7.00% and a net margin of 10.25%. The firm had revenue of $842.90 million during the quarter, compared to analysts’ expectations of $915.85 million. During the same period in the previous year, the firm earned $0.55 earnings per share. On average, research analysts predict that CNO Financial Group, Inc. will post 2.02 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 10th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.35%. This is an increase from CNO Financial Group’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, June 9th. CNO Financial Group’s payout ratio is presently 17.45%.
Several equities research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of CNO Financial Group in a research report on Thursday, March 31st. They set a “hold” rating for the company. Piper Sandler decreased their price target on shares of CNO Financial Group from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, July 8th. Finally, Morgan Stanley decreased their price target on shares of CNO Financial Group from $27.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 6th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, CNO Financial Group currently has a consensus rating of “Hold” and an average price target of $22.33.
In other news, Director David B. Foss bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The shares were bought at an average cost of $19.53 per share, with a total value of $58,590.00. Following the completion of the purchase, the director now directly owns 32,388 shares in the company, valued at $632,537.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is owned by insiders.
About CNO Financial Group (Get Rating)
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 offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face.
Featured Stories
Want to see what other hedge funds are holding CNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNO Financial Group, Inc. (NYSE:CNO – Get Rating).
Receive News & Ratings for CNO Financial Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for CNO Financial Group and related companies with MarketBeat.com’s FREE daily email newsletter.
[ad_2]
Source link
