Rhumbline Advisers grew its position in shares of CNO Financial Group Inc (NYSE:CNO) by 44.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 547,968 shares of the financial services provider’s stock after acquiring an additional 167,796 shares during the quarter. Rhumbline Advisers owned 0.33% of CNO Financial Group worth $8,154,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in CNO. Paragon Capital Management Ltd raised its position in CNO Financial Group by 57.1% in the fourth quarter. Paragon Capital Management Ltd now owns 17,650 shares of the financial services provider’s stock valued at $263,000 after purchasing an additional 6,416 shares during the last quarter. Arizona State Retirement System raised its position in CNO Financial Group by 1.1% in the fourth quarter. Arizona State Retirement System now owns 118,175 shares of the financial services provider’s stock valued at $1,758,000 after purchasing an additional 1,325 shares during the last quarter. Quantamental Technologies LLC bought a new position in CNO Financial Group in the fourth quarter valued at about $139,000. Bank of Montreal Can raised its position in CNO Financial Group by 8.8% in the fourth quarter. Bank of Montreal Can now owns 141,864 shares of the financial services provider’s stock valued at $2,110,000 after purchasing an additional 11,512 shares during the last quarter. Finally, Advisors Preferred LLC bought a new position in CNO Financial Group in the fourth quarter valued at about $64,000. 94.17% of the stock is owned by hedge funds and other institutional investors.
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Several equities analysts have commented on CNO shares. TheStreet downgraded CNO Financial Group from a “b” rating to a “c” rating in a research report on Thursday, November 1st. ValuEngine downgraded CNO Financial Group from a “sell” rating to a “strong sell” rating in a research report on Friday, November 2nd. Evercore ISI upgraded CNO Financial Group from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 9th. They noted that the move was a valuation call. Zacks Investment Research downgraded CNO Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $22.00 price objective on shares of CNO Financial Group in a research report on Monday, December 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $21.50.
Shares of CNO opened at $17.31 on Tuesday. CNO Financial Group Inc has a 1 year low of $13.64 and a 1 year high of $23.84. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.76. The stock has a market cap of $2.85 billion, a PE ratio of 9.46 and a beta of 1.36.
CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Tuesday, February 12th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.14). CNO Financial Group had a positive return on equity of 7.57% and a negative net margin of 7.30%. The company had revenue of $778.20 million for the quarter, compared to the consensus estimate of $981.90 million. During the same quarter last year, the business earned $0.51 earnings per share. CNO Financial Group’s revenue was down 28.6% compared to the same quarter last year. On average, research analysts anticipate that CNO Financial Group Inc will post 2.18 EPS for the current fiscal year.
In related news, Director Stephen N. David acquired 3,000 shares of the stock in a transaction dated Wednesday, December 26th. The stock was bought at an average cost of $13.85 per share, for a total transaction of $41,550.00. Following the completion of the transaction, the director now directly owns 23,206 shares of the company’s stock, valued at $321,403.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by company insiders.
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About CNO Financial Group
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 operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments.
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