Clinton Group Inc. reduced its position in CNO Financial Group, Inc. (NYSE:CNO) by 72.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,266 shares of the company’s stock after selling 225,957 shares during the period. Clinton Group Inc.’s holdings in CNO Financial Group were worth $1,302,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of CNO. Huber Capital Management LLC boosted its position in CNO Financial Group by 33.2% in the third quarter. Huber Capital Management LLC now owns 8,503,554 shares of the company’s stock worth $129,849,000 after buying an additional 2,120,936 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in CNO Financial Group during the third quarter worth $27,342,000. Morgan Stanley boosted its position in CNO Financial Group by 174.7% in the third quarter. Morgan Stanley now owns 2,023,098 shares of the company’s stock worth $30,893,000 after buying an additional 1,286,625 shares during the last quarter. Mesirow Financial Investment Management Equity Management bought a new position in CNO Financial Group during the second quarter worth $20,609,000. Finally, Vanguard Group Inc. boosted its position in CNO Financial Group by 7.0% in the second quarter. Vanguard Group Inc. now owns 13,604,993 shares of the company’s stock worth $237,543,000 after buying an additional 893,798 shares during the last quarter. 96.59% of the stock is owned by institutional investors and hedge funds.
CNO Financial Group, Inc. (NYSE:CNO) traded up 4.44% during mid-day trading on Wednesday, reaching $19.98. 2,316,881 shares of the company’s stock traded hands. CNO Financial Group, Inc. has a 12-month low of $14.30 and a 12-month high of $20.55. The stock has a 50 day moving average of $19.26 and a 200 day moving average of $17.10. The company has a market cap of $3.47 billion, a P/E ratio of 13.91 and a beta of 1.26.
CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Tuesday, February 7th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by $0.04. The company earned $1 billion during the quarter, compared to the consensus estimate of $972.88 million. CNO Financial Group had a return on equity of 5.75% and a net margin of 6.62%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 earnings per share. On average, equities research analysts predict that CNO Financial Group, Inc. will post $1.48 earnings per share for the current fiscal year.
A number of analysts recently commented on the stock. Zacks Investment Research cut shares of CNO Financial Group from a “hold” rating to a “strong sell” rating in a research note on Friday, October 14th. FBR & Co upped their price target on shares of CNO Financial Group from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, December 13th. Wells Fargo & Company cut shares of CNO Financial Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 11th. Deutsche Bank AG upped their price target on shares of CNO Financial Group from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Monday, January 23rd. Finally, Citigroup Inc. assumed coverage on shares of CNO Financial Group in a research note on Thursday, January 26th. They set a “neutral” rating and a $21.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. CNO Financial Group presently has an average rating of “Hold” and a consensus price target of $19.00.
In other CNO Financial Group news, EVP Susan L. Menzel sold 79,500 shares of CNO Financial Group stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $17.50, for a total transaction of $1,391,250.00. Following the transaction, the executive vice president now owns 1,960 shares of the company’s stock, valued at $34,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by insiders.
CNO Financial Group Company Profile
CNO Financial Group, Inc is a holding company for a group of insurance companies operating across the United States that develop, market and administer health insurance, annuity, individual life insurance and other insurance products. It operates through three operating segments: Bankers Life, Washington National and Colonial Penn.
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