Teacher Retirement System of Texas raised its stake in CNO Financial Group Inc. (NYSE:CNO) by 10.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,327 shares of the company’s stock after buying an additional 2,394 shares during the period. Teacher Retirement System of Texas’ holdings in CNO Financial Group were worth $442,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Seven Eight Capital LLC acquired a new stake in shares of CNO Financial Group during the first quarter valued at $102,000. World Asset Management Inc purchased a new position in CNO Financial Group during the second quarter valued at about $175,000. LS Investment Advisors LLC boosted its position in CNO Financial Group by 74.4% in the second quarter. LS Investment Advisors LLC now owns 10,740 shares of the company’s stock valued at $188,000 after buying an additional 4,580 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in CNO Financial Group during the first quarter valued at about $236,000. Finally, Calvert Investment Management Inc. purchased a new position in CNO Financial Group during the second quarter valued at about $242,000. Institutional investors and hedge funds own 97.67% of the company’s stock.
Shares of CNO Financial Group Inc. (NYSE:CNO) traded down 1.08% on Friday, hitting $15.63. 1,756,093 shares of the stock were exchanged. CNO Financial Group Inc. has a one year low of $14.30 and a one year high of $20.88. The firm’s 50-day moving average is $15.67 and its 200-day moving average is $17.51. The company has a market cap of $2.74 billion, a P/E ratio of 10.50 and a beta of 1.23.
CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.35 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. CNO Financial Group had a net margin of 7.20% and a return on equity of 5.68%. The business earned $1 billion during the quarter, compared to analyst estimates of $961.56 million. During the same period in the previous year, the business posted $0.34 EPS. The company’s quarterly revenue was up 4.6% on a year-over-year basis. On average, equities analysts forecast that CNO Financial Group Inc. will post $1.34 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Wednesday, September 7th. CNO Financial Group’s dividend payout ratio (DPR) is presently 21.48%.
Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods set a $17.00 price target on shares of CNO Financial Group and gave the stock a “hold” rating in a report on Monday, October 3rd. Morgan Stanley reissued a “hold” rating and set a $19.00 price target on shares of CNO Financial Group in a report on Thursday, July 28th. Deutsche Bank AG set a $16.00 price target on shares of CNO Financial Group and gave the stock a “hold” rating in a report on Friday, September 30th. BTIG Research cut shares of CNO Financial Group from a “buy” rating to a “neutral” rating in a report on Friday, September 30th. Finally, Citigroup Inc. cut their price target on shares of CNO Financial Group from $21.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, July 7th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $18.85.
About CNO Financial Group
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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