AQR Capital Management LLC Decreases Holdings in CNO Financial Group Inc (CNO)

AQR Capital Management LLC cut its position in shares of CNO Financial Group Inc (NYSE:CNO) by 36.8% during the 3rd quarter, according to its …

CNO Financial Group logoAQR Capital Management LLC cut its position in shares of CNO Financial Group Inc (NYSE:CNO) by 36.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,317,306 shares of the financial services provider’s stock after selling 768,238 shares during the quarter. AQR Capital Management LLC owned approximately 0.80% of CNO Financial Group worth $27,953,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CNO. Raymond James Financial Services Advisors Inc. purchased a new position in CNO Financial Group during the second quarter valued at $264,000. Sei Investments Co. grew its holdings in CNO Financial Group by 5,452.8% during the second quarter. Sei Investments Co. now owns 96,729 shares of the financial services provider’s stock valued at $1,842,000 after purchasing an additional 94,987 shares during the period. Arizona State Retirement System grew its holdings in CNO Financial Group by 3.0% during the second quarter. Arizona State Retirement System now owns 116,192 shares of the financial services provider’s stock valued at $2,212,000 after purchasing an additional 3,346 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in CNO Financial Group by 14.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,812,715 shares of the financial services provider’s stock valued at $34,515,000 after purchasing an additional 233,457 shares during the period. Finally, American Century Companies Inc. grew its holdings in CNO Financial Group by 2.1% during the second quarter. American Century Companies Inc. now owns 365,731 shares of the financial services provider’s stock valued at $6,964,000 after purchasing an additional 7,684 shares during the period. Hedge funds and other institutional investors own 94.23% of the company’s stock.

Shares of NYSE:CNO traded up $0.06 on Friday, reaching $16.56. The company’s stock had a trading volume of 1,129,500 shares, compared to its average volume of 1,404,387. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.26 and a current ratio of 0.26. CNO Financial Group Inc has a 52-week low of $13.64 and a 52-week high of $26.47. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 8.20 and a beta of 1.22.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.51 by $0.02. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $999.03 million. CNO Financial Group had a negative net margin of 8.95% and a positive return on equity of 7.89%. The company’s quarterly revenue was up 37.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.59 earnings per share. As a group, research analysts forecast that CNO Financial Group Inc will post 1.98 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, December 24th. Investors of record on Monday, December 10th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Friday, December 7th. CNO Financial Group’s payout ratio is 19.80%.

CNO has been the topic of a number of research analyst reports. Zacks Investment Research upgraded CNO Financial Group from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Thursday, January 3rd. TheStreet cut CNO Financial Group from a “b” rating to a “c” rating in a research note on Thursday, November 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $22.00 target price on shares of CNO Financial Group in a research report on Monday, December 17th. Evercore ISI upgraded CNO Financial Group from an “in-line” rating to an “outperform” rating in a research note on Wednesday. They noted that the move was a valuation call. Finally, ValuEngine upgraded CNO Financial Group from a “strong sell” rating to a “sell” rating in a report on Monday, November 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. CNO Financial Group currently has an average rating of “Hold” and an average target price of $21.75.

In other news, EVP Matthew J. Zimpfer sold 17,417 shares of CNO Financial Group stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $18.46, for a total value of $321,517.82. Following the transaction, the executive vice president now owns 137,580 shares of the company’s stock, valued at approximately $2,539,726.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen N. David bought 2,000 shares of the company’s stock in a transaction dated Monday, November 5th. The stock was purchased at an average cost of $18.50 per share, for a total transaction of $37,000.00. Following the completion of the transaction, the director now owns 19,706 shares of the company’s stock, valued at $364,561. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by company insiders.

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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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CNO Financial Group (NYSE:CNO) Lifted to “Sell” at ValuEngine

Man Group plc grew its stake in shares of CNO Financial Group by 295.6% in the 3rd quarter. Man Group plc now owns 958,378 shares of the …

CNO Financial Group logoCNO Financial Group (NYSE:CNO) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Monday, November 12th.

Several other equities analysts have also issued reports on CNO. Zacks Investment Research lowered shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $24.00 price target on shares of CNO Financial Group in a report on Friday, August 17th. Finally, TheStreet lowered shares of CNO Financial Group from a “b” rating to a “c” rating in a report on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. CNO Financial Group currently has a consensus rating of “Hold” and a consensus target price of $23.75.

Shares of CNO Financial Group stock traded down $0.29 during trading on Monday, reaching $17.97. 680,176 shares of the stock traded hands, compared to its average volume of 1,022,903. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 8.89 and a beta of 1.14. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.71. CNO Financial Group has a 52-week low of $17.63 and a 52-week high of $26.47.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.02. CNO Financial Group had a negative net margin of 8.95% and a positive return on equity of 7.89%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $999.03 million. During the same quarter last year, the firm earned $0.59 EPS. The firm’s revenue for the quarter was up 37.2% compared to the same quarter last year. On average, equities analysts expect that CNO Financial Group will post 1.99 EPS for the current fiscal year.

In other news, Director Stephen N. David acquired 2,000 shares of the firm’s stock in a transaction on Monday, November 5th. The stock was acquired at an average price of $18.50 per share, for a total transaction of $37,000.00. Following the completion of the transaction, the director now owns 19,706 shares in the company, valued at approximately $364,561. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Matthew J. Zimpfer sold 17,417 shares of the company’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $18.46, for a total transaction of $321,517.82. Following the completion of the transaction, the executive vice president now owns 137,580 shares of the company’s stock, valued at approximately $2,539,726.80. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in CNO. BlackRock Inc. grew its stake in CNO Financial Group by 17.0% during the 3rd quarter. BlackRock Inc. now owns 19,514,213 shares of the financial services provider’s stock valued at $414,094,000 after acquiring an additional 2,839,109 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of CNO Financial Group by 18.1% in the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 6,174,450 shares of the financial services provider’s stock valued at $117,562,000 after buying an additional 946,582 shares during the period. Man Group plc grew its stake in shares of CNO Financial Group by 295.6% in the 3rd quarter. Man Group plc now owns 958,378 shares of the financial services provider’s stock valued at $20,337,000 after buying an additional 716,133 shares during the period. Foundry Partners LLC purchased a new stake in shares of CNO Financial Group in the 3rd quarter valued at approximately $11,087,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of CNO Financial Group in the 3rd quarter worth approximately $10,972,000. 93.90% of the stock is owned by institutional investors.

CNO Financial Group Company 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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Analyst Recommendations for CNO Financial Group (NYSE:CNO)

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BlackRock Inc. Has $349.74 Million Position in CNO Financial Group (CNO)

BlackRock Inc. reduced its holdings in CNO Financial Group (NYSE:CNO) by 1.5% during the 1st quarter, according to its most recent disclosure with …

CNO Financial Group logoBlackRock Inc. reduced its holdings in CNO Financial Group (NYSE:CNO) by 1.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,139,020 shares of the financial services provider’s stock after selling 239,001 shares during the period. BlackRock Inc. owned approximately 9.64% of CNO Financial Group worth $349,735,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. lifted its holdings in CNO Financial Group by 114.1% in the fourth quarter. Meeder Asset Management Inc. now owns 6,084 shares of the financial services provider’s stock valued at $150,000 after buying an additional 3,243 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in CNO Financial Group in the first quarter worth $171,000. Connable Office Inc. acquired a new stake in CNO Financial Group in the fourth quarter worth $205,000. Campbell & CO Investment Adviser LLC acquired a new stake in CNO Financial Group in the first quarter worth $239,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in CNO Financial Group by 50.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,461 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 3,485 shares during the period. Institutional investors and hedge funds own 94.49% of the company’s stock.

Shares of NYSE:CNO opened at $19.79 on Friday. CNO Financial Group has a 12 month low of $19.32 and a 12 month high of $26.47. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.55. The firm has a market cap of $3.32 billion, a P/E ratio of 9.80, a P/E/G ratio of 0.98 and a beta of 1.11.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Wednesday, April 25th. The financial services provider reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. CNO Financial Group had a net margin of 4.67% and a return on equity of 6.92%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. research analysts predict that CNO Financial Group will post 2.02 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 25th. Investors of record on Monday, June 11th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.02%. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Friday, June 8th. CNO Financial Group’s dividend payout ratio (DPR) is presently 17.82%.

CNO has been the topic of several analyst reports. Morgan Stanley upgraded shares of CNO Financial Group from an “underweight” rating to an “equal weight” rating in a report on Thursday, May 17th. ValuEngine lowered shares of CNO Financial Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research lowered shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Friday, April 6th. William Blair initiated coverage on shares of CNO Financial Group in a report on Monday, March 12th. They issued an “outperform” rating on the stock. Finally, Wells Fargo & Co set a $23.00 target price on shares of CNO Financial Group and gave the stock a “hold” rating in a report on Wednesday, April 25th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. CNO Financial Group has a consensus rating of “Hold” and an average price target of $24.00.

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.

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

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Grid operator asks US Gulf Coast utilities to expect hot weather

Some of the biggest energy companies in the MISO region, include units of Entergy, Ameren Corp, Duke Energy Corp , CMS Energy Corp, DTE …

May 10 (Reuters) – The operator of the U.S. Midwest electric grid on Thursday told power companies in its Gulf Coast region to suspend all transmission and generation maintenance from May 14-16 when hot weather is expected to boost air conditioning demand:

* The Midcontinent Independent System Operator Inc, or MISO, said it issued the request because temperatures in the region are expected to reach the low 90s Fahrenheit (33 Celsius) during that time and cited an unusual amount of forced generation outages.

* The Gulf Coast or MISO South region includes utilities in parts of Arkansas, Louisiana, Mississippi and Texas. The biggest utilities operating in that area are units of Entergy Corp .

* MISO said the grid has enough power reserves to meet peak demand during the summer air conditioning seasons.

* The MISO grid covers parts of 15 U.S. states from Montana and Minnesota south to Louisiana and Texas, and the Canadian province of Manitoba.

* Some of the biggest energy companies in the MISO region, include units of Entergy, Ameren Corp, Duke Energy Corp , CMS Energy Corp, DTE Energy Co, Xcel Energy Inc and WEC Energy Group Inc.

Reporting by Scott DiSavino; Editing by Richard Chang

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BlackRock Inc. Has $404.37 Million Stake in CNO Financial Group (CNO)

CNO Financial Group logo BlackRock Inc. decreased its position in shares of CNO Financial Group (NYSE:CNO) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,378,021 …

CNO Financial Group logoBlackRock Inc. decreased its position in shares of CNO Financial Group (NYSE:CNO) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,378,021 shares of the financial services provider’s stock after selling 90,079 shares during the period. BlackRock Inc. owned 9.76% of CNO Financial Group worth $404,374,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Meeder Asset Management Inc. increased its holdings in shares of CNO Financial Group by 114.1% in the fourth quarter. Meeder Asset Management Inc. now owns 6,084 shares of the financial services provider’s stock valued at $150,000 after buying an additional 3,243 shares in the last quarter. Connable Office Inc. purchased a new position in CNO Financial Group during the 4th quarter worth approximately $205,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of CNO Financial Group by 50.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,461 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 3,485 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of CNO Financial Group during the 3rd quarter valued at $292,000. Finally, Eqis Capital Management Inc. purchased a new position in shares of CNO Financial Group during the 4th quarter valued at $294,000. 97.09% of the stock is currently owned by hedge funds and other institutional investors.

CNO Financial Group (CNO) opened at $22.70 on Tuesday. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.53. The firm has a market cap of $3,823.13, a P/E ratio of 22.45, a P/E/G ratio of 1.13 and a beta of 1.14. CNO Financial Group has a twelve month low of $19.37 and a twelve month high of $26.47.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Tuesday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.20. CNO Financial Group had a net margin of 4.09% and a return on equity of 6.63%. The company had revenue of $1.09 billion for the quarter. equities analysts predict that CNO Financial Group will post 2.03 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.59%. CNO Financial Group’s payout ratio is 35.64%.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of CNO Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. William Blair began coverage on shares of CNO Financial Group in a research report on Monday, March 12th. They set an “outperform” rating for the company. Keefe, Bruyette & Woods reissued a “hold” rating and set a $24.00 target price on shares of CNO Financial Group in a research report on Thursday, December 21st. Wells Fargo set a $25.00 price objective on shares of CNO Financial Group and gave the company a “hold” rating in a research report on Tuesday, February 13th. Finally, ValuEngine raised shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $24.17.

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CNO Financial Group Company 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.

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

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