Paloma Partners Management Co trimmed its position in shares of CNO Financial Group (NYSE:CNO) by 31.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,242 shares of the financial services provider’s stock after selling 10,331 shares during the quarter. Paloma Partners Management Co’s holdings in CNO Financial Group were worth $549,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of CNO. Meeder Asset Management Inc. raised its position in shares of CNO Financial Group by 114.1% during the fourth quarter. Meeder Asset Management Inc. now owns 6,084 shares of the financial services provider’s stock worth $150,000 after purchasing an additional 3,243 shares during the period. Connable Office Inc. acquired a new position in shares of CNO Financial Group during the fourth quarter worth approximately $205,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of CNO Financial Group by 50.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,461 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 3,485 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of CNO Financial Group during the third quarter worth approximately $292,000. Finally, Eqis Capital Management Inc. acquired a new position in shares of CNO Financial Group during the fourth quarter worth approximately $294,000. 97.09% of the stock is currently owned by institutional investors.
A number of equities analysts have recently weighed in on CNO shares. Zacks Investment Research lowered CNO Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. William Blair started coverage on CNO Financial Group in a research report on Monday, March 12th. They set an “outperform” rating on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $24.00 target price on shares of CNO Financial Group in a research report on Thursday, December 21st. Wells Fargo set a $25.00 target price on CNO Financial Group and gave the stock a “hold” rating in a research report on Tuesday, February 13th. Finally, ValuEngine raised CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $24.17.
Shares of CNO Financial Group (CNO) opened at $21.98 on Friday. The company has a market capitalization of $3,816.46, a price-to-earnings ratio of 21.76, a P/E/G ratio of 1.12 and a beta of 1.14. CNO Financial Group has a 12-month low of $19.37 and a 12-month high of $26.47. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.15 and a quick ratio of 0.15.
CNO Financial Group (NYSE:CNO) last released its quarterly earnings results on Tuesday, February 13th. The financial services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.20. The business had revenue of $1.09 billion during the quarter. CNO Financial Group had a return on equity of 6.63% and a net margin of 4.09%. equities analysts anticipate that CNO Financial Group will post 2.03 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, March 8th. CNO Financial Group’s payout ratio is currently 35.64%.
CNO Financial Group 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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