Legal & General Group Plc Raises Holdings in CNO Financial Group Inc (CNO)

Legal & General Group Plc raised its stake in shares of CNO Financial Group Inc (NYSE:CNO) by 6.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 260,412 shares of the financial services provider’s stock after buying an additional 16,855 shares during the period. Legal & General Group Plc owned about 0.16% of CNO Financial Group worth $6,087,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Victory Capital Management Inc. boosted its stake in shares of CNO Financial Group by 15.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,255,682 shares of the financial services provider’s stock valued at $26,219,000 after buying an additional 171,722 shares during the period. Tudor Investment Corp ET AL boosted its stake in shares of CNO Financial Group by 52.8% during the 2nd quarter. Tudor Investment Corp ET AL now owns 46,436 shares of the financial services provider’s stock valued at $970,000 after buying an additional 16,045 shares during the period. Engineers Gate Manager LP boosted its stake in shares of CNO Financial Group by 271.9% during the 2nd quarter. Engineers Gate Manager LP now owns 90,830 shares of the financial services provider’s stock valued at $1,897,000 after buying an additional 66,409 shares during the period. Rafferty Asset Management LLC acquired a new stake in shares of CNO Financial Group during the 2nd quarter valued at $4,693,000. Finally, SG Americas Securities LLC boosted its stake in shares of CNO Financial Group by 45.6% during the 2nd quarter. SG Americas Securities LLC now owns 81,829 shares of the financial services provider’s stock valued at $1,709,000 after buying an additional 25,629 shares during the period. 95.57% of the stock is owned by institutional investors.

Shares of CNO Financial Group Inc (NYSE:CNO) opened at $24.81 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.52. CNO Financial Group Inc has a 52 week low of $18.53 and a 52 week high of $25.83. The stock has a market cap of $4,162.17, a price-to-earnings ratio of 15.60, a P/E/G ratio of 1.50 and a beta of 1.20.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Monday, December 11th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, December 8th. CNO Financial Group’s payout ratio is presently 13.00%.

A number of equities research analysts have issued reports on CNO shares. Wells Fargo & Company set a $22.00 target price on shares of CNO Financial Group and gave the company a “hold” rating in a research note on Wednesday, October 25th. B. Riley reissued a “buy” rating on shares of CNO Financial Group in a research note on Monday, November 6th. Zacks Investment Research lowered shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. Finally, Goldman Sachs Group started coverage on shares of CNO Financial Group in a research note on Wednesday, October 18th. They set a “neutral” rating and a $24.00 target price for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $22.25.

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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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