Brokers Issue Forecasts for CNO Financial Group Inc’s FY2019 Earnings (CNO)

Man Group plc lifted its holdings in CNO Financial Group by 295.6% during the third quarter. Man Group plc now owns 958,378 shares of the financial …

CNO Financial Group logo

CNO Financial Group Inc (NYSE:CNO) – Stock analysts at B. Riley decreased their FY2019 earnings estimates for shares of CNO Financial Group in a research report issued to clients and investors on Thursday, February 14th, Zacks Investment Research reports. B. Riley analyst R. Binner now forecasts that the financial services provider will post earnings of $2.15 per share for the year, down from their prior estimate of $2.25. B. Riley also issued estimates for CNO Financial Group’s FY2020 earnings at $2.50 EPS.

A number of other research analysts have also issued reports on CNO. ValuEngine upgraded shares of CNO Financial Group from a “strong sell” rating to a “sell” rating in a research note on Monday, November 12th. Keefe, Bruyette & Woods restated a “hold” rating and set a $22.00 price target on shares of CNO Financial Group in a research note on Monday, December 17th. Zacks Investment Research upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Thursday, January 3rd. Finally, Evercore ISI upgraded shares of CNO Financial Group from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 9th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. CNO Financial Group has an average rating of “Hold” and a consensus price target of $21.50.

CNO Financial Group stock traded down $0.03 during mid-day trading on Friday, reaching $16.37. 771,044 shares of the company traded hands, compared to its average volume of 1,109,458. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.76. CNO Financial Group has a fifty-two week low of $13.64 and a fifty-two week high of $23.13. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 8.95 and a beta of 1.36.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Tuesday, February 12th. The financial services provider reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.14). CNO Financial Group had a negative net margin of 7.30% and a positive return on equity of 7.57%. The firm had revenue of $778.20 million for the quarter, compared to analysts’ expectations of $981.90 million. During the same period in the previous year, the company earned $0.51 EPS. The company’s revenue was down 28.6% on a year-over-year basis.

A number of institutional investors and hedge funds have recently bought and sold shares of CNO. BlackRock Inc. lifted its holdings in CNO Financial Group by 17.0% during the third quarter. BlackRock Inc. now owns 19,514,213 shares of the financial services provider’s stock valued at $414,094,000 after purchasing an additional 2,839,109 shares in the last quarter. Norges Bank purchased a new position in CNO Financial Group during the fourth quarter valued at $39,053,000. Oregon Public Employees Retirement Fund lifted its holdings in CNO Financial Group by 1,388.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 982,214 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 916,205 shares in the last quarter. Man Group plc lifted its holdings in CNO Financial Group by 295.6% during the third quarter. Man Group plc now owns 958,378 shares of the financial services provider’s stock valued at $20,337,000 after purchasing an additional 716,133 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in CNO Financial Group by 48.0% during the fourth quarter. Prudential Financial Inc. now owns 2,195,402 shares of the financial services provider’s stock valued at $32,668,000 after purchasing an additional 712,068 shares in the last quarter. 93.71% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Stephen N. David purchased 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 26th. The shares were bought at an average price of $13.85 per share, for a total transaction of $41,550.00. Following the completion of the transaction, the director now owns 23,206 shares in the company, valued at $321,403.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is currently owned by company insiders.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 25th. Investors of record on Monday, March 11th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $0.40 annualized dividend and a yield of 2.44%. CNO Financial Group’s dividend payout ratio is presently 21.86%.

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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Earnings History and Estimates for CNO Financial Group (NYSE:CNO)

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CNO Financial Group (CNO) to pay $0.10 on Mar 25, 2019; Causeway Capital Management Has …

Some Historical TSM News: 03/04/2018 – TSMC 2330.TW SAYS IT ORDERS EQUIPMENT FOR T$2.7 BLN; 10/05/2018 – TSMC 2330.TW TSM.

CNO Financial Group, Inc. (NYSE:CNO) Logo

Causeway Capital Management Llc increased Taiwan Semiconductor Mfg Ltd (TSM) stake by 8.48% reported in 2018Q3 SEC filing. Causeway Capital Management Llc acquired 508,295 shares as Taiwan Semiconductor Mfg Ltd (TSM)’s stock declined 18.35%. The Causeway Capital Management Llc holds 6.50 million shares with $287.24 million value, up from 6.00 million last quarter. Taiwan Semiconductor Mfg Ltd now has $197.65B valuation. The stock decreased 0.38% or $0.15 during the last trading session, reaching $39.45. About 8.19 million shares traded. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has declined 6.61% since February 28, 2018 and is downtrending. It has underperformed by 6.61% the S&P500. Some Historical TSM News: 03/04/2018 – TSMC 2330.TW SAYS IT ORDERS EQUIPMENT FOR T$2.7 BLN; 10/05/2018 – TSMC 2330.TW TSM.N SAYS ORDERS MACHINERY EQUIPMENT WORTH T$2.4 BLN; 23/05/2018 – TSMC starts producing A12 processors for next iPhone series, sources say; 19/04/2018 – TSMC Files Annual Report on Form 20-F for 2017; 02/04/2018 – TSMC SAYS IT ORDERS MACHINERY EQUIPMENT WORTH T$942 MLN; 16/04/2018 – TSMC 2330.TW TSM.N SAYS ORDERS MACHINERY WORTH T$9.4 BLN; 09/04/2018 – TSMC to cut 1 seat in board of directors after Morris Chang retires in June, sources say; 15/05/2018 – LONE PINE ADDED DLTR, SBAC, TSM, TMUS, SQ IN 1Q: 13F; 27/03/2018 – Renesas to outsource vehicle microcontroller production to TSMC, sources say; 10/04/2018 – TSMC 2330.TW SAYS MARCH SALES T$103.70 BLN (FEB T$64.64 BLN, MAR 2017 T$85.88 BLN)

CNO Financial Group Inc (NYSE:CNO) is expected to pay $0.10 on Mar 25, 2019. (NYSE:CNO) shareholders before Mar 8, 2019 will receive the $0.10 dividend. CNO Financial Group Inc’s current price of $16.97 translates into 0.59% yield. CNO Financial Group Inc’s dividend has Mar 11, 2019 as record date. Feb 20, 2019 is the announcement. The stock decreased 0.59% or $0.1 during the last trading session, reaching $16.97. About 736,981 shares traded. CNO Financial Group, Inc. (NYSE:CNO) has declined 36.39% since February 28, 2018 and is downtrending. It has underperformed by 36.39% the S&P500. Some Historical CNO News: 02/05/2018 – Cno Financial Group Buys New 1% Position in Goldman Sachs BDC; 09/05/2018 – CNO Financial Group Names New Chairman of the Board and Announces Increase to Quarterly Dividend and Results of Annual Sharehol; 11/04/2018 – Navy News Stand: Navy Announces 2017 CNO Environmental Award Winners; 09/05/2018 – CNO FINANCIAL GROUP INC – DECLARED A QUARTERLY CASH DIVIDEND OF $0.10 PER SHARE; 25/04/2018 – CNO FINANCIAL 1Q ADJ OPER EPS 43C, EST. 43C; 17/05/2018 – CNO FINANCIAL GROUP INC CNO.N : MORGAN STANLEY RAISES TO EQUAL-WEIGHT FROM UNDERWEIGHT; 13/03/2018 – CNO WON’T EXTEND BANKERS LIFE FIELDHOUSE NAMING RIGHTS PAST ’19; 25/04/2018 – CNO FINANCIAL GROUP – QTRLY TOTAL REVENUES $1,007.8 MLN VS $1,070.7 MLN; 07/03/2018 – Baseball News Source: CNO Financial Group Inc $CNO to Issue Quarterly Dividend of $0.09 on March 23rd; 09/05/2018 – CNO Financial Group Names New Chairman Of The Board And Announces Increase To Quarterly Dividend And Results Of Annual Shareholders Meeting

More important recent Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) news were published by: Fool.com which released: “Qualcomm Could Help TSMC Make Up for Poor iPhone Sales – The Motley Fool” on February 16, 2019, also Fool.com published article titled: “Why Qualcomm’s Newest 5G Chip Is a Big Deal – Motley Fool”, Seekingalpha.com published: “AMD Underreacts (To Guidance) – Seeking Alpha” on February 11, 2019. More interesting news about Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was released by: Seekingalpha.com and their article: “Micron: The China Connection – Seeking Alpha” with publication date: February 01, 2019.

Causeway Capital Management Llc decreased Novartis A G (NYSE:NVS) stake by 11,830 shares to 450,132 valued at $38.78 million in 2018Q3. It also reduced Flowserve Corp (NYSE:FLS) stake by 1.17M shares and now owns 4.79M shares. Lg Display Co Ltd (NYSE:LPL) was reduced too.

More notable recent CNO Financial Group, Inc. (NYSE:CNO) news were published by: Seekingalpha.com which released: “CNO Financial Group, Inc. (CNO) CEO Gary Bhojwani on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” on February 13, 2019, also Globenewswire.com with their article: “New Research Coverage Highlights CNO Financial Group, Packaging Corporation of America, CH Robinson Worldwide, Cray, ServiceNow, and Wayfair — Consolidated Revenues, Company Growth, and Expectations for 2019 – GlobeNewswire” published on February 01, 2019, Streetinsider.com published: “CNO Financial Group (CNO) Misses Q4 EPS by 14c, Revenues Miss – StreetInsider.com” on February 12, 2019. More interesting news about CNO Financial Group, Inc. (NYSE:CNO) were released by: Prnewswire.com and their article: “CNO Financial Names Cheryl L. Heilman Vice President and President of Bankers Life Securities – PRNewswire” published on February 04, 2019 as well as Insurancenewsnet.com‘s news article titled: “CNO Financial Names Cheryl L. Heilman VP/President Of Bankers Life Securities – Insurance News Net” with publication date: February 04, 2019.

Among 2 analysts covering CNO Financial (NYSE:CNO), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. CNO Financial had 2 analyst reports since February 13, 2019 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, February 13 by FBR Capital. The company was maintained on Wednesday, February 13 by Keefe Bruyette & Woods.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Ratings Chart

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Ramsey Quantitative Systems Has $397000 Position in CNO Financial Group Inc (CNO)

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

CNO Financial Group logoRamsey Quantitative Systems reduced its stake in shares of CNO Financial Group Inc (NYSE:CNO) by 16.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,680 shares of the financial services provider’s stock after selling 5,393 shares during the quarter. CNO Financial Group accounts for approximately 0.5% of Ramsey Quantitative Systems’ holdings, making the stock its 22nd largest holding. Ramsey Quantitative Systems’ holdings in CNO Financial Group were worth $397,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CNO. BlackRock Inc. raised its holdings in shares of 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 buying an additional 2,839,109 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in CNO Financial Group by 1,388.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 982,214 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 916,205 shares during the last quarter. Man Group plc increased its holdings in CNO Financial Group by 295.6% during the 3rd quarter. Man Group plc now owns 958,378 shares of the financial services provider’s stock worth $20,337,000 after purchasing an additional 716,133 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in CNO Financial Group during the 3rd quarter worth approximately $10,972,000. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in CNO Financial Group by 6.3% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 6,565,533 shares of the financial services provider’s stock worth $139,321,000 after purchasing an additional 391,083 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded CNO Financial Group from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Thursday, January 3rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $21.00 price objective on shares of CNO Financial Group in a report on Thursday. ValuEngine upgraded CNO Financial Group from a “strong sell” rating to a “sell” rating in a report on Monday, November 12th. Evercore ISI upgraded CNO Financial Group from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 9th. They noted that the move was a valuation call. Finally, TheStreet downgraded CNO Financial Group from a “b” rating to a “c” rating in a report on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. CNO Financial Group currently has a consensus rating of “Hold” and a consensus price target of $21.50.

Shares of CNO opened at $17.31 on Friday. The company has a market capitalization of $2.85 billion, a PE ratio of 9.46 and a beta of 1.36. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.76. CNO Financial Group Inc has a 52 week low of $13.64 and a 52 week high of $23.84.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Tuesday, February 12th. The financial services provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.14). The firm had revenue of $778.20 million during the quarter, compared to analyst estimates of $981.90 million. CNO Financial Group had a positive return on equity of 7.57% and a negative net margin of 7.30%. CNO Financial Group’s revenue was down 28.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. Equities analysts expect that CNO Financial Group Inc will post 2.18 earnings per share for the current year.

In other news, Director Stephen N. David bought 3,000 shares of the firm’s stock in a transaction dated Wednesday, December 26th. The stock was bought at an average price of $13.85 per share, for a total transaction of $41,550.00. Following the transaction, the director now owns 23,206 shares in the company, valued at $321,403.10. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 2.30% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION NOTICE: “Ramsey Quantitative Systems Has $397,000 Position in CNO Financial Group Inc (CNO)” was originally posted by Fairfield Current and is the sole property of of Fairfield Current. If you are accessing this article on another website, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this article can be viewed at https://www.fairfieldcurrent.com/news/2019/02/17/ramsey-quantitative-systems-has-397000-position-in-cno-financial-group-inc-cno.html.

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

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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.

COPYRIGHT VIOLATION WARNING: This piece of content was reported by Fairfield Current and is the property of of Fairfield Current. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.fairfieldcurrent.com/news/2019/01/12/cno-financial-group-inc-cno-shares-sold-by-aqr-capital-management-llc.html.

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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