CNO Financial Group Inc (CNO) Shares Sold by Engineers Gate Manager LP
Engineers Gate Manager LP trimmed its stake in CNO Financial Group Inc (NYSE:CNO) by 64.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,327 shares of the financial services provider’s stock after selling 58,503 shares during the period. Engineers Gate Manager LP’s holdings in CNO Financial Group were worth $755,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Thrivent Financial For Lutherans raised its holdings in CNO Financial Group by 3,275.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,092,360 shares of the financial services provider’s stock worth $22,809,000 after purchasing an additional 1,060,000 shares during the period. AJO LP raised its holdings in CNO Financial Group by 407.7% in the 2nd quarter. AJO LP now owns 1,076,120 shares of the financial services provider’s stock worth $22,469,000 after purchasing an additional 864,162 shares during the period. Prudential Financial Inc. raised its holdings in CNO Financial Group by 50.8% in the 2nd quarter. Prudential Financial Inc. now owns 1,758,374 shares of the financial services provider’s stock worth $36,715,000 after purchasing an additional 592,490 shares during the period. LSV Asset Management raised its holdings in CNO Financial Group by 11.4% in the 2nd quarter. LSV Asset Management now owns 4,831,708 shares of the financial services provider’s stock worth $100,886,000 after purchasing an additional 492,800 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in shares of CNO Financial Group by 12.2% during the second quarter. Ameriprise Financial Inc. now owns 3,719,068 shares of the financial services provider’s stock valued at $77,649,000 after acquiring an additional 404,552 shares during the last quarter. Institutional investors own 95.57% of the company’s stock.
CNO Financial Group Inc (NYSE:CNO) traded down $0.47 during trading hours on Friday, hitting $24.26. The company had a trading volume of 1,133,600 shares, compared to its average volume of 1,079,249. CNO Financial Group Inc has a 12-month low of $18.53 and a 12-month high of $25.83. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a market capitalization of $4,148.76, a PE ratio of 15.55, a PEG ratio of 1.50 and a beta of 1.20.
CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.39 by $0.06. CNO Financial Group had a return on equity of 5.88% and a net margin of 11.41%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the firm earned $0.37 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. sell-side analysts forecast that CNO Financial Group Inc will post 1.65 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Monday, December 11th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $0.36 annualized dividend and a dividend yield of 1.48%. CNO Financial Group’s dividend payout ratio is presently 13.00%.
CNO has been the subject of a number of research analyst reports. B. Riley reissued a “buy” rating on shares of CNO Financial Group in a report on Monday, November 6th. Wells Fargo & Company set a $22.00 target price on CNO Financial Group and gave the company a “hold” rating in a report on Wednesday, October 25th. Zacks Investment Research cut CNO Financial Group from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Finally, Goldman Sachs Group initiated coverage on CNO Financial Group in a report on Wednesday, October 18th. They set a “neutral” rating and a $24.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $22.25.
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About CNO Financial Group
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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