Stocks To Watch Today: Focus On CNO Financial Group, Inc. (CNO), 3D Systems Corporation (DDD)

The price of CNO Financial Group, Inc. (NYSE:CNO) went down by $-0.51 now trading at $16.55. Their shares witnessed a 21.33% increase from the …

The price of CNO Financial Group, Inc. (NYSE:CNO) went down by $-0.51 now trading at $16.55. Their shares witnessed a 21.33% increase from the 52-week low price of $13.64 they recorded on 2018-12-26. Even though it is still -36.19% behind the $22.54 high touched on 2018-08-02. The last few days have been rough for the stock, as its price has decreased by -2.13% during the week. It has also performed poorly over the past three months, as it lost around -6.07% while it has so far retreated around -22.77% during the course of a year. The stock of CNO recorded 11.22% uptrend from the beginning of this year till date. The 12-month potential price target for CNO Financial Group, Inc. is set at $19.67. This target means that the stock has an upside potential to increase by 18.85% from the current trading price.

34 institutions entered new CNO Financial Group, Inc. (NYSE:CNO) positions, 122 added to their existing positions in these shares, 121 lowered their positions, and 36 exited their positions entirely.

CNO Financial Group, Inc. (CNO) trade volume has increased by 85.97% as around 1,926,326 shares were sold when compared with its 50-day average volume of traded shares which is 1,035,826. At the moment, CNO is witnessing a downtrend, as it is trading -1.25% below its 20-day SMA, -1.18% below its 50-day SMA, and -10.63% below its 200-day SMA. The company runs an ROE of roughly -7.8%, with financial analysts predicting that their earnings per share growth will be around 10% per annum for the next five year. This will be compared to the -23.9% decrease witnessed over the past five years.

The first technical resistance point for CNO Financial Group, Inc. (NYSE:CNO) will likely come at $17.24, marking a 4% premium to the current level. The second resistance point is at $17.94, about 7.75% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $15.06, the lower end of the range. CNO’s 14-day MACD is -0.07 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 45.99, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 19.61 percent, which is low when compared to that of the 50-day’s 20.46 percent.

The shares of 3D Systems Corporation (NYSE:DDD) has decreased by -1.02%, and now trading at $10.64 on the Wall Street in the intra-day deal, with their shares traded now around 2,294,290. This is a rise of 743,552 shares over the average 1,550,738 shares that were traded daily over the last three months. The stock that is trading at $10.64 went higher by 18.22% from its 52-week low of $9 that it attained back on 2018-05-03. The stock recorded a 52-week high of $21.78 nearly 246 days ago on 2018-08-28.

DDD stock hasn’t performed well over the past 30 days, as it lost -1.12% while its price climbed by 4.62% year-to-date (YTD). Looking at the last few days, it has been tough for the stock, as it tumbled -4.23% over the last week. The stock’s 12-month potential target price is now at $12.57. This means that the stock price might likely increase by 18.14% from its current trading price. 1 out of 11 Wall Street analysts which represents 9.09% rated the stock as a buy while the remaining 54.55% rated it as a hold, with 36.36% of analysts rating it as a sell.

3D Systems Corporation (NYSE:DDD) has been utilizing an ROE that is roughly -7.7%, with stock analysts predicting that the company’s EPS for the next five years will go up by 10% per year, following the -23.8% drop that was witnessed during the past five years. The stock at the moment is on a downtrend, trading -2.88% below its 20-day SMA, -8.18% below its 50-day SMA, and -23.79% below its 200-day SMA. In percentage terms, the aggregate 3D Systems Corporation shares held by institutional investors is 70.8%. 40 institutions jumped in to acquire 3D Systems Corporation (DDD) fresh stake, 110 added to their current holdings in these shares, 121 lowered their positions, and 49 left no stake in the company.

The stock’s 9-day MACD is -0.14 and this negative figure indicates a downward trading trend. The company’s 9-day RSI score is 34.28, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 17.54 percent, which is less when compared to that of the 50-day’s 41.39 percent. On the daily chart, we see that the stock could reach the first level of resistance at $10.85, sporting a 1.94% premium to the current level. The next resistance point is at $11.06, representing nearly 3.8% premium to the current market price of 3D Systems Corporation (DDD). On the other hand, failure to breach the immediate hurdles can drag it down to $10.18, the lower end of the range.

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CNO Financial Group Acquires Web Benefits Design

CARMEL, Ind., April 29, 2019 /PRNewswire/ — CNO Financial Group (NYSE: CNO) announced today that it has acquired privately-owned Web …

CARMEL, Ind., April 29, 2019 /PRNewswire/ — CNO Financial Group (NYSE: CNO) announced today that it has acquired privately-owned Web Benefits Design Corporation (“WBD”), a leading online benefits administration firm with a best-in-class, proprietary technology platform for employer benefit programs.

WBD offers a full-service, integrated employee benefits administration solution, distributed through a network of independent brokers and a direct sales force. Its cloud-based platform provides companies with a customizable suite of administration, compliance and communications solutions to manage employee benefits programs while delivering a simple and straightforward enrollment experience for employees.

“WBD brings a leading-edge benefits technology platform and a proven track record of digital innovation to CNO,” said Gary C. Bhojwani, chief executive officer. “Employee benefits technology is one of the most highly sought-after solutions in the fast-growing worksite marketplace. With WBD’s platform, we are strengthening our competitive position to retain and attract employer groups by offering a technology-driven one-stop shop for their benefit needs.”

“We expect this transaction to accelerate the growth of our worksite business, which has been expanding at a double-digit rate for the last four quarters,” Bhojwani added. “CNO’s insurance products will now be available alongside WBD’s current carrier options to 1,000 employer group clients with more than 250,000 employees. The acquisition will also enable distribution of WBD’s solutions and our products through both our 375 dedicated worksite agents and WBD’s 200 affiliated brokers, providing considerable cross-sell opportunities.”

“CNO is the right partner to help us reach the next level of success while preserving what makes us valuable to our clients and partners,” said Bethany Schenk, president and chief executive officer of Web Benefits Design. “We are excited to join a company that shares our vision and values while supporting our entrepreneurial spirit. Linking our industry-leading platform with CNO’s operational infrastructure, insurance product portfolio and national sales force will create a win-win situation for all of our customers, brokers and carrier partners.”

The purchase price is approximately $66 million with an additional earn-out if certain financial targets are achieved. CNO intends to fund the transaction from holding company cash and expects it to be accretive to earnings in 2020.

Deutsche Bank Securities Inc. served as financial advisor to CNO Financial Group and Stifel, Nicolaus & Company, Incorporated served as financial advisor to Web Benefits Design.

About CNO Financial Group

CNO Financial Group, Inc. (NYSE: CNO) is a holding company. Our insurance companies – principally Bankers Life and Casualty Company, Colonial Penn Life Insurance Company and Washington National Insurance Company – primarily serve middle-income pre-retiree and retired Americans by helping them protect against financial adversity and provide for a more secure retirement. For more information, visit CNO online at CNOinc.com.

About Web Benefits Design

Web Benefits Design Corporation (“WBD”) is a leading national employee benefits technology, communication, and administration firm founded by Ron and Bethany Schenk. WBD works with companies of all sizes to develop employee benefit solutions on the cutting edge of technology and value. WBD’s core solutions include online enrollment, COBRA, ACA reporting, telephonic enrollment, dependent documentation management, insurance carrier and payroll connectivity. WBD bridges the gap between total automation and reality to help employers leverage its solutions to save time, money and resources by delivering an engaging, high-impact employee benefits package. For more information, visit wbdcorp.com.

SOURCE CNO Financial Group

Related Links

http://www.CNOinc.com

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Here’s What Hedge Funds Think About CNO Financial Group Inc (CNO)

Trailing Huber Capital Management was Millennium Management, which amassed a stake valued at $18.3 million. Renaissance Technologies, GLG …

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as CNO Financial Group Inc (NYSE:CNO) but similarly valued. We will take a look at Colfax Corporation (NYSE:CFX), Omnicell, Inc. (NASDAQ:OMCL), Box, Inc. (NYSE:BOX), and Houlihan Lokey Inc (NYSE:HLI). All of these stocks’ market caps resemble CNO’s market cap.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position CFX,27,333618,7 OMCL,13,64252,8 BOX,24,386086,-2 HLI,18,138227,4 Average,20.5,230546,4.25 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 20.5 hedge funds with bullish positions and the average amount invested in these stocks was $231 million. That figure was $105 million in CNO’s case. Colfax Corporation (NYSE:CFX) is the most popular stock in this table. On the other hand Omnicell, Inc. (NASDAQ:OMCL) is the least popular one with only 13 bullish hedge fund positions. Compared to these stocks CNO Financial Group Inc (NYSE:CNO) is even less popular than OMCL. Hedge funds dodged a bullet by taking a bearish stance towards CNO. Our calculations showed that the top 15 most popular hedge fund stocks returned 24.2% through April 22nd and outperformed the S&P 500 ETF (SPY) by more than 7 percentage points. Unfortunately CNO wasn’t nearly as popular as these 15 stock (hedge fund sentiment was very bearish); CNO investors were disappointed as the stock returned 13.5% and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 15 most popular stocks) among hedge funds as 13 of these stocks already outperformed the market this year.

Disclosure: None. This article was originally published at Insider Monkey.

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CNO Financial Group Inc (CNO) Shares Sold by Squarepoint Ops LLC

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

CNO Financial Group logoSquarepoint Ops LLC lowered its position in shares of CNO Financial Group Inc (NYSE:CNO) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,870 shares of the financial services provider’s stock after selling 10,866 shares during the quarter. Squarepoint Ops LLC owned approximately 0.06% of CNO Financial Group worth $1,501,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CNO. BlackRock Inc. raised its position in shares of 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 worth $414,094,000 after acquiring an additional 2,839,109 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of 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 worth $66,000 after acquiring an additional 916,205 shares during the last quarter. Man Group plc raised its position in shares of 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 worth $20,337,000 after acquiring an additional 716,133 shares during the last quarter. Prudential Financial Inc. raised its position in shares of 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 worth $32,668,000 after acquiring an additional 712,068 shares during the last quarter. Finally, Foresters Investment Management Company Inc. bought a new stake in shares of CNO Financial Group during the fourth quarter worth $7,816,000. Institutional investors own 97.30% of the company’s stock.

NYSE:CNO opened at $16.50 on Tuesday. CNO Financial Group Inc has a 1 year low of $13.64 and a 1 year high of $22.93. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 9.02 and a beta of 1.30.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Tuesday, February 12th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $778.20 million during the quarter, compared to analyst estimates of $981.90 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The firm’s revenue was down 28.6% on a year-over-year basis. As a group, equities research analysts anticipate that CNO Financial Group Inc will post 2.12 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.40 dividend on an annualized basis and a yield of 2.42%. CNO Financial Group’s payout ratio is 21.86%.

A number of research firms have recently weighed in on CNO. Evercore ISI upgraded CNO Financial Group from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 9th. They noted that the move was a valuation call. ValuEngine downgraded CNO Financial Group from a “sell” rating to a “strong sell” rating in a research report on Monday, February 25th. Keefe, Bruyette & Woods restated a “hold” rating and set a $21.00 target price on shares of CNO Financial Group in a research report on Thursday, February 14th. Finally, Zacks Investment Research upgraded CNO Financial Group from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Thursday, January 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $21.50.

In other CNO Financial Group news, CFO Erik M. Helding sold 11,845 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $16.08, for a total value of $190,467.60. Following the completion of the transaction, the chief financial officer now directly owns 78,445 shares of the company’s stock, valued at $1,261,395.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by insiders.

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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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Want to see what other hedge funds are holding CNO?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNO Financial Group Inc (NYSE:CNO).

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

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Los Angeles Capital Management & Equity Research Inc. Sells 49890 Shares of CNO Financial …

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

CNO Financial Group logoLos Angeles Capital Management & Equity Research Inc. cut its holdings in CNO Financial Group Inc (NYSE:CNO) by 28.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,498 shares of the financial services provider’s stock after selling 49,890 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.08% of CNO Financial Group worth $1,853,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CNO. BlackRock Inc. grew its position 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 purchasing an additional 2,839,109 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of 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 valued at $66,000 after acquiring an additional 916,205 shares during the last quarter. Man Group plc boosted its holdings in shares of 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 valued at $20,337,000 after acquiring an additional 716,133 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of CNO Financial Group by 48.0% during the 4th quarter. Prudential Financial Inc. now owns 2,195,402 shares of the financial services provider’s stock valued at $32,668,000 after acquiring an additional 712,068 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of CNO Financial Group during the 3rd quarter valued at about $10,972,000. 97.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:CNO traded down $0.05 during trading on Friday, hitting $16.18. The company’s stock had a trading volume of 1,275,757 shares, compared to its average volume of 1,060,625. CNO Financial Group Inc has a 12 month low of $13.64 and a 12 month high of $22.93. The stock has a market capitalization of $2.61 billion, a PE ratio of 8.84 and a beta of 1.31. 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 (NYSE:CNO) last released its earnings results on Tuesday, February 12th. The financial services provider reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.14). CNO Financial Group had a positive return on equity of 7.57% and a negative net margin of 7.30%. The firm had revenue of $778.20 million for the quarter, compared to the consensus estimate of $981.90 million. During the same quarter in the previous year, the business posted $0.51 EPS. CNO Financial Group’s revenue was down 28.6% on a year-over-year basis. Analysts expect that CNO Financial Group Inc will post 2.12 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Friday, March 8th. CNO Financial Group’s dividend payout ratio (DPR) is currently 21.86%.

In other CNO Financial Group news, CFO Erik M. Helding sold 11,845 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $16.08, for a total transaction of $190,467.60. Following the completion of the sale, the chief financial officer now directly owns 78,445 shares of the company’s stock, valued at approximately $1,261,395.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.30% of the company’s stock.

A number of analysts have recently issued reports on CNO shares. ValuEngine downgraded shares of CNO Financial Group from a “sell” rating to a “strong sell” rating in a report on Monday, February 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $22.00 price target on shares of CNO Financial Group in a report on Monday, December 17th. Evercore ISI raised shares of 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, Zacks Investment Research upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Thursday, January 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. CNO Financial Group currently has an average rating of “Hold” and an average price target of $21.50.

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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.

Read More: Book Value Per Share – BVPS

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

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