Voya Investment Management LLC Reduces Stake in CNO Financial Group Inc (NYSE:CNO)

Share on StockTwits

Voya Investment Management LLC reduced its position in CNO Financial Group Inc (NYSE:CNO) by 2.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,758 shares of the financial services provider’s stock after selling 1,702 shares during the period. Voya Investment Management LLC’s holdings in CNO Financial Group were worth $1,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Paradice Investment Management LLC boosted its stake in shares of CNO Financial Group by 11.0% in the 3rd quarter. Paradice Investment Management LLC now owns 5,560,289 shares of the financial services provider’s stock worth $88,019,000 after buying an additional 552,200 shares during the last quarter. Northern Trust Corp boosted its stake in shares of CNO Financial Group by 0.8% in the 2nd quarter. Northern Trust Corp now owns 4,307,615 shares of the financial services provider’s stock worth $71,851,000 after buying an additional 32,085 shares during the last quarter. Pzena Investment Management LLC boosted its stake in shares of CNO Financial Group by 60.3% in the 2nd quarter. Pzena Investment Management LLC now owns 3,855,224 shares of the financial services provider’s stock worth $64,305,000 after buying an additional 1,450,851 shares during the last quarter. Citadel Advisors LLC boosted its stake in shares of CNO Financial Group by 106.9% in the 2nd quarter. Citadel Advisors LLC now owns 2,853,670 shares of the financial services provider’s stock worth $47,599,000 after buying an additional 1,474,518 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of CNO Financial Group by 24.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,783,780 shares of the financial services provider’s stock worth $46,433,000 after buying an additional 539,021 shares during the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Shares of CNO Financial Group stock opened at $18.70 on Friday. CNO Financial Group Inc has a one year low of $13.64 and a one year high of $18.81. The stock’s fifty day moving average is $17.31 and its 200 day moving average is $16.21. The stock has a market cap of $2.77 billion, a P/E ratio of 10.22 and a beta of 1.29. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.25 and a current ratio of 0.25.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Tuesday, November 5th. The financial services provider reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.02). CNO Financial Group had a return on equity of 6.77% and a net margin of 4.29%. The company had revenue of $944.00 million during the quarter, compared to the consensus estimate of $953.60 million. During the same period in the prior year, the business posted $0.53 earnings per share. CNO Financial Group’s revenue for the quarter was down 36.3% compared to the same quarter last year. Analysts predict that CNO Financial Group Inc will post 1.81 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be issued a $0.11 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.44 dividend on an annualized basis and a yield of 2.35%. CNO Financial Group’s dividend payout ratio is currently 24.04%.

CNO has been the topic of a number of research reports. Citigroup dropped their price target on CNO Financial Group from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. ValuEngine downgraded CNO Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Guggenheim downgraded CNO Financial Group to a “hold” rating and set a $29.00 price target on the stock. in a research note on Friday, November 15th. TheStreet raised CNO Financial Group from a “c+” rating to a “b-” rating in a report on Tuesday, November 26th. Finally, Zacks Investment Research cut CNO Financial Group from a “hold” rating to a “sell” rating and set a $19.00 target price on the stock. in a report on Wednesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $21.50.

In related news, Director Frederick James Sievert sold 9,415 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $15.94, for a total value of $150,075.10. Following the transaction, the director now directly owns 65,555 shares of the company’s stock, valued at approximately $1,044,946.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Joel H. Schwartz sold 1,717 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $18.21, for a total value of $31,266.57. Following the completion of the transaction, the insider now directly owns 23,603 shares in the company, valued at $429,810.63. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

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.

See Also: Profit Margin

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

Receive News & Ratings for CNO Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNO Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Abbott Laboratories  Updates FY 2020
Pre-Market Earnings Guidance
Abbott Laboratories Updates FY 2020 Pre-Market Earnings Guidance
Express  Releases Q4 2019
Pre-Market Earnings Guidance
Express Releases Q4 2019 Pre-Market Earnings Guidance
MarineMax  Updates FY20 Earnings Guidance
MarineMax Updates FY20 Earnings Guidance
Squar Milner Financial Services LLC Cuts Position in Invesco BulletShares 2022 Corporate Bond ETF
Squar Milner Financial Services LLC Cuts Position in Invesco BulletShares 2022 Corporate Bond ETF
Vanguard Russell 2000  Stock Position Trimmed by Janney Montgomery Scott LLC
Vanguard Russell 2000 Stock Position Trimmed by Janney Montgomery Scott LLC
Janney Montgomery Scott LLC Has $14.72 Million Stake in L3Harris
Janney Montgomery Scott LLC Has $14.72 Million Stake in L3Harris


 
© 2006-2020 Zolmax.