Profund Advisors LLC grew its position in CNO Financial Group Inc (NYSE:CNO) by 11.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,726 shares of the financial services provider’s stock after acquiring an additional 2,893 shares during the quarter. Profund Advisors LLC’s holdings in CNO Financial Group were worth $622,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Old Mutual Global Investors UK Ltd. lifted its holdings in CNO Financial Group by 2,528.5% during the first quarter. Old Mutual Global Investors UK Ltd. now owns 1,390,382 shares of the financial services provider’s stock worth $30,129,000 after acquiring an additional 1,337,485 shares in the last quarter. Carillon Tower Advisers Inc. acquired a new stake in shares of CNO Financial Group in the first quarter valued at about $4,615,000. Principal Financial Group Inc. increased its position in shares of CNO Financial Group by 2.7% in the first quarter. Principal Financial Group Inc. now owns 744,354 shares of the financial services provider’s stock valued at $16,131,000 after acquiring an additional 19,508 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in CNO Financial Group during the first quarter worth approximately $5,829,000. Finally, State of Tennessee Treasury Department increased its position in CNO Financial Group by 12.0% during the first quarter. State of Tennessee Treasury Department now owns 280,000 shares of the financial services provider’s stock worth $6,068,000 after buying an additional 30,000 shares during the last quarter. Institutional investors and hedge funds own 94.47% of the company’s stock.
Shares of CNO Financial Group stock traded up $0.07 during mid-day trading on Friday, hitting $19.42. 1,467,753 shares of the stock were exchanged, compared to its average volume of 1,182,513. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.55. CNO Financial Group Inc has a 12 month low of $19.25 and a 12 month high of $26.47. The stock has a market cap of $3.24 billion, a P/E ratio of 9.92, a P/E/G ratio of 0.96 and a beta of 1.11.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 25th. Stockholders of record on Monday, June 11th will be issued a dividend of $0.10 per share. This is an increase from CNO Financial Group’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, June 8th. CNO Financial Group’s payout ratio is currently 19.80%.
Several equities analysts have recently commented on the company. ValuEngine downgraded CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Morgan Stanley reiterated an “equal weight” rating on shares of CNO Financial Group in a research note on Thursday, May 31st. Zacks Investment Research upgraded CNO Financial Group from a “sell” rating to a “hold” rating in a research note on Friday. Wells Fargo & Co set a $23.00 price target on shares of CNO Financial Group and gave the stock a “hold” rating in a report on Wednesday, April 25th. Finally, William Blair initiated coverage on CNO Financial Group in a report on Monday, March 12th. They issued an “outperform” rating for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $24.17.
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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