Emerald Acquisition Ltd. bought a new position in CNO Financial Group Inc. (NYSE:CNO) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 231,484 shares of the company’s stock, valued at approximately $4,041,000. Emerald Acquisition Ltd. owned about 0.13% of CNO Financial Group as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CNO. Geode Capital Management LLC increased its stake in shares of CNO Financial Group by 2.8% in the first quarter. Geode Capital Management LLC now owns 1,196,601 shares of the company’s stock valued at $21,443,000 after buying an additional 32,766 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of CNO Financial Group by 66,979.9% in the second quarter. BNP Paribas Arbitrage SA now owns 93,241 shares of the company’s stock valued at $1,628,000 after buying an additional 93,102 shares during the period. UBS Group AG increased its stake in shares of CNO Financial Group by 226.3% in the first quarter. UBS Group AG now owns 39,318 shares of the company’s stock valued at $704,000 after buying an additional 27,269 shares during the period. BlackRock Group LTD increased its stake in shares of CNO Financial Group by 16.7% in the first quarter. BlackRock Group LTD now owns 161,953 shares of the company’s stock valued at $2,901,000 after buying an additional 23,216 shares during the period. Finally, Norges Bank purchased a new stake in shares of CNO Financial Group during the fourth quarter valued at approximately $38,805,000. 97.92% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CNO Financial Group Inc. (NYSE:CNO) traded up 0.07% during trading on Tuesday, hitting $15.11. 1,398,766 shares of the stock traded hands. The stock has a 50 day moving average of $15.70 and a 200 day moving average of $17.79. CNO Financial Group Inc. has a 52-week low of $14.66 and a 52-week high of $20.88. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 10.15 and a beta of 1.31.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The firm earned $1 billion during the quarter, compared to the consensus estimate of $961.56 million. CNO Financial Group had a return on equity of 5.68% and a net margin of 7.20%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. Analysts expect that CNO Financial Group Inc. will post $1.40 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be issued a $0.08 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $0.32 annualized dividend and a dividend yield of 2.12%. CNO Financial Group’s payout ratio is currently 21.48%.

Several analysts recently commented on CNO shares. Morgan Stanley reissued a “hold” rating and set a $19.00 price objective on shares of CNO Financial Group in a research report on Thursday, July 28th. Keefe, Bruyette & Woods cut their price objective on shares of CNO Financial Group from $20.00 to $19.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 2nd. BTIG Research reissued a “buy” rating on shares of CNO Financial Group in a research report on Friday, July 15th. Citigroup Inc. cut their price objective on shares of CNO Financial Group from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, July 7th. Finally, Zacks Investment Research raised shares of CNO Financial Group from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Tuesday, September 6th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. CNO Financial Group currently has a consensus rating of “Buy” and an average price target of $19.65.

In other CNO Financial Group news, EVP Christopher J. Nickele sold 24,996 shares of the business’s stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $19.25, for a total value of $481,173.00. Following the completion of the transaction, the executive vice president now directly owns 74,975 shares in the company, valued at $1,443,268.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is owned by corporate insiders.

CNO Financial Group Company Profile

CNO Financial Group, Inc is a holding company for a group of insurance companies operating across the United States that develop, market and administer health insurance, annuity, individual life insurance and other insurance products. It operates through three operating segments: Bankers Life, Washington National and Colonial Penn.

5 Day Chart for NYSE:CNO

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).

Receive News & Ratings for CNO Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNO Financial Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.