ClariVest Asset Management LLC raised its position in CNO Financial Group Inc (NYSE:CNO) by 0.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 224,600 shares of the financial services provider’s stock after purchasing an additional 1,900 shares during the period. ClariVest Asset Management LLC’s holdings in CNO Financial Group were worth $3,342,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Preferred LLC purchased a new stake in CNO Financial Group in the fourth quarter valued at approximately $64,000. Quantamental Technologies LLC purchased a new stake in CNO Financial Group in the fourth quarter valued at approximately $139,000. Tower Research Capital LLC TRC lifted its stake in CNO Financial Group by 1,236.4% in the third quarter. Tower Research Capital LLC TRC now owns 8,967 shares of the financial services provider’s stock valued at $190,000 after buying an additional 8,296 shares during the last quarter. US Bancorp DE lifted its stake in CNO Financial Group by 30.4% in the third quarter. US Bancorp DE now owns 11,685 shares of the financial services provider’s stock valued at $248,000 after buying an additional 2,722 shares during the last quarter. Finally, Paragon Capital Management Ltd lifted its stake 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 buying an additional 6,416 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.
Several equities research analysts have recently commented on CNO shares. ValuEngine cut CNO Financial Group from a “sell” rating to a “strong sell” rating in a research note on Friday, November 2nd. TheStreet cut CNO Financial Group from a “b” rating to a “c” rating in a research note on Thursday, November 1st. Keefe, Bruyette & Woods restated a “hold” rating and set a $22.00 price target on shares of CNO Financial Group in a research note on Monday, December 17th. Zacks Investment Research upgraded CNO Financial Group from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Thursday, January 3rd. Finally, Evercore ISI upgraded CNO Financial Group from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 9th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $21.50.
CNO Financial Group stock opened at $17.07 on Thursday. CNO Financial Group Inc has a 12 month low of $13.64 and a 12 month high of $23.84. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.26 and a quick ratio of 0.26. The company has a market cap of $2.93 billion, a PE ratio of 8.45 and a beta of 1.36.
CNO Financial Group (NYSE:CNO) last released its quarterly earnings results on Tuesday, February 12th. The financial services provider reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.14). CNO Financial Group had a positive return on equity of 7.89% and a negative net margin of 8.95%. The company had revenue of $778.20 million for the quarter, compared to analysts’ expectations of $981.90 million. During the same quarter last year, the company earned $0.51 EPS. CNO Financial Group’s revenue for the quarter was down 28.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that CNO Financial Group Inc will post 1.98 EPS for the current fiscal year.
In related news, Director Stephen N. David purchased 3,000 shares of the business’s stock in a transaction dated Wednesday, December 26th. The stock was acquired at an average price of $13.85 per share, for a total transaction of $41,550.00. Following the completion of the purchase, the director now directly owns 23,206 shares of the company’s stock, valued at $321,403.10. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 2.30% of the stock is owned by corporate insiders.
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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