Nisa Investment Advisors LLC cut its stake in CNO Financial Group, Inc. (NYSE:CNO) by 5.5% during the second quarter, Holdings Channel reports. The institutional investor owned 48,050 shares of the financial services provider’s stock after selling 2,770 shares during the period. Nisa Investment Advisors LLC’s holdings in CNO Financial Group were worth $1,003,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. LS Investment Advisors LLC increased its position in shares of CNO Financial Group by 18.8% in the second quarter. LS Investment Advisors LLC now owns 13,661 shares of the financial services provider’s stock valued at $285,000 after buying an additional 2,162 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of CNO Financial Group by 4.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 63,961 shares of the financial services provider’s stock valued at $1,336,000 after buying an additional 2,630 shares in the last quarter. Bank of Montreal Can increased its position in shares of CNO Financial Group by 304.8% in the second quarter. Bank of Montreal Can now owns 768,689 shares of the financial services provider’s stock valued at $16,050,000 after buying an additional 578,803 shares in the last quarter. Capstone Asset Management Co. increased its position in shares of CNO Financial Group by 2.6% in the second quarter. Capstone Asset Management Co. now owns 25,198 shares of the financial services provider’s stock valued at $526,000 after buying an additional 640 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of CNO Financial Group by 36.7% in the first quarter. Nuveen Asset Management LLC now owns 1,457,274 shares of the financial services provider’s stock valued at $29,874,000 after buying an additional 391,469 shares in the last quarter. 95.34% of the stock is owned by institutional investors.

CNO Financial Group, Inc. (NYSE:CNO) traded up 1.66% on Friday, hitting $23.28. 1,039,106 shares of the company’s stock traded hands. The stock has a 50-day moving average of $21.13 and a 200-day moving average of $20.62. CNO Financial Group, Inc. has a one year low of $14.30 and a one year high of $23.67. The stock has a market cap of $3.93 billion, a PE ratio of 10.18 and a beta of 1.22.

CNO Financial Group announced that its board has approved a share repurchase program 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 shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

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Several brokerages recently weighed in on CNO. Zacks Investment Research downgraded shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub raised shares of CNO Financial Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday. ValuEngine raised shares of CNO Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Wells Fargo & Company reaffirmed a “hold” rating on shares of CNO Financial Group in a report on Tuesday, June 20th. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $23.00 target price on shares of CNO Financial Group in a report on Wednesday, May 31st. Seven research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $20.00.

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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