CNO Financial Group, Inc. (CNO) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. increased its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 3.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,229,005 shares of the financial services provider’s stock after purchasing an additional 37,287 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.73% of CNO Financial Group worth $28,685,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Thrivent Financial For Lutherans raised its holdings in CNO Financial Group by 3,275.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,092,360 shares of the financial services provider’s stock valued at $22,809,000 after acquiring an additional 1,060,000 shares in the last quarter. AJO LP raised its holdings in shares of CNO Financial Group by 407.7% in the 2nd quarter. AJO LP now owns 1,076,120 shares of the financial services provider’s stock worth $22,469,000 after buying an additional 864,162 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of CNO Financial Group by 50.8% in the 2nd quarter. Prudential Financial Inc. now owns 1,758,374 shares of the financial services provider’s stock worth $36,715,000 after buying an additional 592,490 shares in the last quarter. LSV Asset Management raised its holdings in shares of CNO Financial Group by 11.4% in the 2nd quarter. LSV Asset Management now owns 4,831,708 shares of the financial services provider’s stock worth $100,886,000 after buying an additional 492,800 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of CNO Financial Group by 12.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,719,068 shares of the financial services provider’s stock worth $77,649,000 after buying an additional 404,552 shares in the last quarter. 95.57% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the company. B. Riley reissued a “buy” rating on shares of CNO Financial Group in a report on Monday, November 6th. Wells Fargo & Company set a $22.00 target price on CNO Financial Group and gave the stock a “hold” rating in a report on Wednesday, October 25th. Goldman Sachs Group assumed coverage on CNO Financial Group in a report on Wednesday, October 18th. They issued a “neutral” rating and a $24.00 target price for the company. Zacks Investment Research cut CNO Financial Group from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Finally, Morgan Stanley lowered CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 price target on the stock. in a research report on Monday, August 14th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.25.

Shares of CNO Financial Group, Inc. (NYSE CNO) opened at $25.48 on Tuesday. The company has a market capitalization of $4,270.00, a P/E ratio of 15.98, a P/E/G ratio of 1.54 and a beta of 1.20. CNO Financial Group, Inc. has a 12-month low of $18.53 and a 12-month high of $25.83. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.52.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.06. The firm had revenue of $1.08 billion for 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%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $0.37 EPS. analysts anticipate that CNO Financial Group, Inc. will post 1.65 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Monday, December 11th will be given a $0.09 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $0.36 dividend on an annualized basis and a yield of 1.41%. CNO Financial Group’s payout ratio is 13.00%.

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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.

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

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