Dupont Capital Management Corp Increases Position in CNO Financial Group Inc (NYSE:CNO)

Dupont Capital Management Corp lifted its position in CNO Financial Group Inc (NYSE:CNO) by 25.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,231 shares of the financial services provider’s stock after purchasing an additional 3,499 shares during the period. Dupont Capital Management Corp’s holdings in CNO Financial Group were worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp increased its stake in shares of CNO Financial Group by 0.8% in the second quarter. Northern Trust Corp now owns 4,307,615 shares of the financial services provider’s stock worth $71,851,000 after purchasing an additional 32,085 shares in the last quarter. Virginia Retirement Systems ET AL increased its stake in shares of CNO Financial Group by 19.9% in the second quarter. Virginia Retirement Systems ET AL now owns 84,500 shares of the financial services provider’s stock worth $1,409,000 after purchasing an additional 14,000 shares in the last quarter. Carillon Tower Advisers Inc. increased its stake in shares of CNO Financial Group by 2.0% in the second quarter. Carillon Tower Advisers Inc. now owns 165,482 shares of the financial services provider’s stock worth $2,760,000 after purchasing an additional 3,275 shares in the last quarter. Royal Bank of Canada increased its stake in shares of CNO Financial Group by 36.0% in the second quarter. Royal Bank of Canada now owns 186,280 shares of the financial services provider’s stock worth $3,107,000 after purchasing an additional 49,335 shares in the last quarter. Finally, Scout Investments Inc. increased its stake in shares of CNO Financial Group by 64.9% in the second quarter. Scout Investments Inc. now owns 275,330 shares of the financial services provider’s stock worth $4,593,000 after purchasing an additional 108,354 shares in the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:CNO opened at $17.45 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a fifty day moving average price of $15.72 and a 200 day moving average price of $16.01. CNO Financial Group Inc has a fifty-two week low of $13.64 and a fifty-two week high of $19.61. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 9.54 and a beta of 1.22.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Tuesday, November 5th. The financial services provider reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.02). CNO Financial Group had a return on equity of 7.10% and a net margin of 4.29%. The company had revenue of $944.00 million for the quarter, compared to the consensus estimate of $953.60 million. During the same quarter in the prior year, the company posted $0.53 EPS. CNO Financial Group’s revenue was down 36.3% compared to the same quarter last year. As a group, research analysts predict that CNO Financial Group Inc will post 1.84 earnings per share for the current year.

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In related news, Director Frederick James Sievert sold 9,415 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $15.94, for a total transaction of $150,075.10. Following the completion of the transaction, the director now owns 65,555 shares in the company, valued at $1,044,946.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

A number of brokerages have recently issued reports on CNO. ValuEngine cut shares of CNO Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Citigroup reduced their price objective on shares of CNO Financial Group from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. Finally, Zacks Investment Research lowered shares of CNO Financial Group from a “hold” rating to a “sell” rating and set a $17.00 target price for the company. in a research report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.33.

CNO Financial Group Profile

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

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