CNO Financial Group, Inc. (NYSE:CNO) Shares Sold by State Treasurer State of Michigan

State Treasurer State of Michigan lessened its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 9.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,600 shares of the financial services provider’s stock after selling 7,000 shares during the quarter. State Treasurer State of Michigan’s holdings in CNO Financial Group were worth $1,484,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of CNO Financial Group by 0.9% during the second quarter. Vanguard Group Inc. now owns 14,843,457 shares of the financial services provider’s stock worth $309,930,000 after purchasing an additional 129,269 shares in the last quarter. State Street Corp lifted its stake in shares of CNO Financial Group by 0.4% during the second quarter. State Street Corp now owns 6,989,735 shares of the financial services provider’s stock worth $145,947,000 after purchasing an additional 25,050 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of CNO Financial Group by 6.6% during the second quarter. JPMorgan Chase & Co. now owns 6,467,334 shares of the financial services provider’s stock worth $135,037,000 after purchasing an additional 400,415 shares in the last quarter. LSV Asset Management lifted its stake in shares of CNO Financial Group by 11.4% during the second quarter. LSV Asset Management now owns 4,831,708 shares of the financial services provider’s stock worth $100,886,000 after purchasing an additional 492,800 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of CNO Financial Group by 12.2% during the second quarter. Ameriprise Financial Inc. now owns 3,719,068 shares of the financial services provider’s stock worth $77,649,000 after purchasing an additional 404,552 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.

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A number of research analysts have commented on the company. Zacks Investment Research cut CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. B. Riley restated a “buy” rating on shares of CNO Financial Group in a research note on Monday, November 6th. BidaskClub upgraded CNO Financial Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd. Morgan Stanley cut CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 price objective on the stock. in a research note on Monday, August 14th. They noted that the move was a valuation call. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on CNO Financial Group in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $24.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $22.25.

CNO Financial Group, Inc. (NYSE CNO) traded down $0.22 during trading hours on Wednesday, hitting $23.50. The company had a trading volume of 870,200 shares, compared to its average volume of 1,111,695. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.16 and a current ratio of 0.16. CNO Financial Group, Inc. has a fifty-two week low of $17.18 and a fifty-two week high of $25.07. The firm has a market capitalization of $3,979.32, a PE ratio of 14.92, a price-to-earnings-growth ratio of 1.43 and a beta of 1.21.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.06. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1 billion. CNO Financial Group had a return on equity of 5.88% and a net margin of 11.41%. CNO Financial Group’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 earnings per share. equities research analysts expect that CNO Financial Group, Inc. will post 1.65 EPS for the current fiscal year.

About CNO Financial Group

CNO Financial Group, Inc is a holding company for a group of insurance companies operating throughout the United States that develops, markets and administers health insurance, annuity, individual life insurance and other insurance products. The Company’s segments include Bankers Life, Washington National and Colonial Penn.

Institutional Ownership by Quarter for CNO Financial Group (NYSE:CNO)

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