MQS Management LLC Takes $224,000 Position in CNO Financial Group, Inc. $CNO

MQS Management LLC bought a new stake in shares of CNO Financial Group, Inc. (NYSE:CNO) in the 2nd quarter, Holdings Channel reports. The firm bought 5,797 shares of the financial services provider’s stock, valued at approximately $224,000.

Several other large investors have also recently made changes to their positions in the business. American Century Companies Inc. lifted its holdings in shares of CNO Financial Group by 9.3% during the first quarter. American Century Companies Inc. now owns 2,938,034 shares of the financial services provider’s stock valued at $122,369,000 after purchasing an additional 250,173 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of CNO Financial Group by 70.9% during the second quarter. Allianz Asset Management GmbH now owns 1,546,745 shares of the financial services provider’s stock valued at $59,673,000 after purchasing an additional 641,950 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of CNO Financial Group by 72.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,333,698 shares of the financial services provider’s stock valued at $51,641,000 after purchasing an additional 561,327 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of CNO Financial Group by 10.2% during the first quarter. Invesco Ltd. now owns 990,776 shares of the financial services provider’s stock valued at $41,266,000 after purchasing an additional 91,550 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of CNO Financial Group by 1.6% during the first quarter. Victory Capital Management Inc. now owns 743,088 shares of the financial services provider’s stock valued at $30,950,000 after purchasing an additional 11,983 shares during the last quarter. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

CNO Financial Group Trading Up 0.1%

NYSE:CNO opened at $40.15 on Tuesday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.50. CNO Financial Group, Inc. has a 12 month low of $34.36 and a 12 month high of $43.20. The company has a market cap of $3.89 billion, a PE ratio of 14.81 and a beta of 0.90. The company has a 50 day simple moving average of $39.45 and a two-hundred day simple moving average of $38.29.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Friday, May 19th. The financial services provider reported $0.84 EPS for the quarter. CNO Financial Group had a net margin of 6.41% and a return on equity of 16.63%. The business had revenue of $968.30 million during the quarter. Research analysts forecast that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, September 10th. CNO Financial Group’s payout ratio is 25.09%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CNO shares. Wall Street Zen lowered shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Weiss Ratings reissued a “buy (b)” rating on shares of CNO Financial Group in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods raised their price target on shares of CNO Financial Group from $44.00 to $45.00 and gave the company a “market perform” rating in a research report on Thursday, October 9th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, CNO Financial Group has an average rating of “Moderate Buy” and a consensus target price of $43.60.

CNO Financial Group Profile

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face.