Scout Investments Inc. Buys 3,777 Shares of CNO Financial Group Inc (CNO)

Scout Investments Inc. lifted its stake in CNO Financial Group Inc (NYSE:CNO) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 180,526 shares of the financial services provider’s stock after acquiring an additional 3,777 shares during the period. Scout Investments Inc. owned 0.11% of CNO Financial Group worth $3,831,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CNO. Fuller & Thaler Asset Management Inc. raised its position 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 worth $117,562,000 after acquiring an additional 946,582 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of CNO Financial Group by 46.3% in the 1st quarter. Allianz Asset Management GmbH now owns 2,831,660 shares of the financial services provider’s stock worth $61,362,000 after acquiring an additional 895,832 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of CNO Financial Group by 186.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,141,906 shares of the financial services provider’s stock worth $24,745,000 after acquiring an additional 742,820 shares in the last quarter. BlackRock Inc. raised its position in shares of CNO Financial Group by 3.3% in the 2nd quarter. BlackRock Inc. now owns 16,675,104 shares of the financial services provider’s stock worth $317,494,000 after acquiring an additional 536,084 shares in the last quarter. Finally, Paradice Investment Management LLC raised its position in shares of CNO Financial Group by 8.6% in the 2nd quarter. Paradice Investment Management LLC now owns 4,061,364 shares of the financial services provider’s stock worth $77,328,000 after acquiring an additional 319,926 shares in the last quarter. 92.93% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Bruce K. Baude sold 33,000 shares of the company’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $22.17, for a total transaction of $731,610.00. Following the transaction, the executive vice president now directly owns 52,047 shares of the company’s stock, valued at approximately $1,153,881.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.30% of the company’s stock.

Several research analysts have recently commented on the company. Zacks Investment Research lowered CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 10th. ValuEngine raised CNO Financial Group from a “strong sell” rating to a “sell” rating in a research report on Friday, August 3rd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $24.00 price target on shares of CNO Financial Group in a research report on Friday, August 17th. Two 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 stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.75.

Shares of NYSE:CNO opened at $19.77 on Friday. CNO Financial Group Inc has a 1 year low of $18.65 and a 1 year high of $26.47. The stock has a market cap of $3.34 billion, a P/E ratio of 10.19 and a beta of 1.12. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.58.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Wednesday, August 1st. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.01). CNO Financial Group had a net margin of 5.12% and a return on equity of 7.11%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the company earned $0.45 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. Research analysts expect that CNO Financial Group Inc will post 1.97 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 24th. Investors of record on Monday, September 10th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.02%. The ex-dividend date was Friday, September 7th. CNO Financial Group’s dividend payout ratio is currently 19.80%.

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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