MetLife Investment Advisors LLC increased its holdings in shares of CNO Financial Group Inc (NYSE:CNO) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,635 shares of the financial services provider’s stock after buying an additional 3,998 shares during the period. MetLife Investment Advisors LLC owned 0.11% of CNO Financial Group worth $3,458,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Old Mutual Global Investors UK Ltd. boosted its holdings in shares of CNO Financial Group by 2,528.5% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 1,390,382 shares of the financial services provider’s stock valued at $30,129,000 after buying an additional 1,337,485 shares during the period. Fuller & Thaler Asset Management Inc. boosted its holdings in CNO Financial Group by 18.1% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 6,174,450 shares of the financial services provider’s stock worth $117,562,000 after purchasing an additional 946,582 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in CNO Financial Group by 46.3% during the first quarter. Allianz Asset Management GmbH now owns 2,831,660 shares of the financial services provider’s stock worth $61,362,000 after purchasing an additional 895,832 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in CNO Financial Group by 186.1% during the first quarter. The Manufacturers Life Insurance Company now owns 1,141,906 shares of the financial services provider’s stock worth $24,745,000 after purchasing an additional 742,820 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in CNO Financial Group by 3.3% during the second quarter. BlackRock Inc. now owns 16,675,104 shares of the financial services provider’s stock worth $317,494,000 after purchasing an additional 536,084 shares during the last quarter. Hedge funds and other institutional investors own 92.60% of the company’s stock.
In other CNO Financial Group news, EVP Bruce K. Baude sold 33,000 shares of the stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $22.17, for a total transaction of $731,610.00. Following the sale, the executive vice president now directly owns 52,047 shares in the company, valued at $1,153,881.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.30% of the company’s stock.
Shares of CNO stock traded down $0.27 on Friday, hitting $19.87. The company’s stock had a trading volume of 1,646,342 shares, compared to its average volume of 1,032,341. The company has a market capitalization of $3.49 billion, a PE ratio of 9.84 and a beta of 1.12. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.14 and a current ratio of 0.14. CNO Financial Group Inc has a fifty-two week low of $18.65 and a fifty-two week high of $26.47.
CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Wednesday, August 1st. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. CNO Financial Group had a return on equity of 7.11% and a net margin of 5.12%. The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 earnings per share. On average, analysts forecast that CNO Financial Group Inc will post 1.97 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 24th. Shareholders of record on Monday, September 10th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, September 7th. This represents a $0.40 dividend on an annualized basis and a yield of 2.01%. CNO Financial Group’s payout ratio is 19.80%.
Several research analysts recently commented on the stock. Zacks Investment Research cut shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $24.00 price target on shares of CNO Financial Group in a research report on Friday, August 17th. Finally, ValuEngine raised shares of CNO Financial Group from a “strong sell” rating to a “sell” rating in a research report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $23.80.
CNO Financial Group Company Profile
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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