Renaissance Technologies LLC boosted its position in CNO Financial Group, Inc. (NYSE:CNO) by 97.1% during the first quarter, Holdings Channel reports. The fund owned 407,700 shares of the financial services provider’s stock after buying an additional 200,800 shares during the period. Renaissance Technologies LLC’s holdings in CNO Financial Group were worth $8,358,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of CNO. World Asset Management Inc raised its position in shares of CNO Financial Group by 0.8% in the first quarter. World Asset Management Inc now owns 12,448 shares of the financial services provider’s stock worth $255,000 after buying an additional 94 shares during the last quarter. Argent Capital Management LLC raised its position in shares of CNO Financial Group by 2.4% in the first quarter. Argent Capital Management LLC now owns 20,305 shares of the financial services provider’s stock worth $416,000 after buying an additional 470 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of CNO Financial Group by 2.0% in the first quarter. Capstone Asset Management Co. now owns 24,558 shares of the financial services provider’s stock worth $503,000 after buying an additional 480 shares during the last quarter. Strs Ohio raised its position in shares of CNO Financial Group by 2.4% in the first quarter. Strs Ohio now owns 25,400 shares of the financial services provider’s stock worth $520,000 after buying an additional 600 shares during the last quarter. Finally, Advantus Capital Management Inc raised its position in shares of CNO Financial Group by 3.2% in the first quarter. Advantus Capital Management Inc now owns 22,252 shares of the financial services provider’s stock worth $456,000 after buying an additional 683 shares during the last quarter. 94.77% of the stock is currently owned by institutional investors.

Shares of CNO Financial Group, Inc. (CNO) opened at 21.88 on Tuesday. The company’s 50-day moving average price is $20.76 and its 200 day moving average price is $20.47. The company has a market cap of $3.75 billion, a P/E ratio of 10.28 and a beta of 1.20. CNO Financial Group, Inc. has a one year low of $14.30 and a one year high of $22.60.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.01 billion. CNO Financial Group had a return on equity of 5.51% and a net margin of 9.16%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 earnings per share. On average, equities research analysts anticipate that CNO Financial Group, Inc. will post $1.50 earnings per share for the current year.

CNO Financial Group declared that its Board of Directors has initiated a share buyback plan on Wednesday, May 10th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the financial services provider to reacquire up to 8.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

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A number of brokerages have recently weighed in on CNO. Zacks Investment Research raised CNO Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Wells Fargo & Company reiterated a “hold” rating on shares of CNO Financial Group in a report on Tuesday, June 20th. BidaskClub upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. FBR & Co reiterated an “outperform” rating and set a $23.00 price target on shares of CNO Financial Group in a report on Wednesday, May 31st. Finally, ValuEngine upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $19.63.

CNO Financial Group Company Profile

CNO Financial Group, Inc is a holding company for a group of insurance companies operating throughout the United States that develops, markets and administers health insurance, annuity, individual life insurance and other insurance products. The Company’s segments include Bankers Life, Washington National and Colonial Penn.

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Institutional Ownership by Quarter for CNO Financial Group (NYSE:CNO)

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