DekaBank Deutsche Girozentrale Grows Position in CNO Financial Group, Inc. $CNO

DekaBank Deutsche Girozentrale boosted its stake in CNO Financial Group, Inc. (NYSE:CNO) by 773.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,711 shares of the financial services provider’s stock after purchasing an additional 34,277 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in CNO Financial Group were worth $1,491,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Neo Ivy Capital Management acquired a new stake in shares of CNO Financial Group in the first quarter worth $28,000. Geneos Wealth Management Inc. increased its position in shares of CNO Financial Group by 637.4% in the first quarter. Geneos Wealth Management Inc. now owns 1,438 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 1,243 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of CNO Financial Group in the first quarter worth $92,000. GAMMA Investing LLC increased its position in shares of CNO Financial Group by 25.0% in the first quarter. GAMMA Investing LLC now owns 2,861 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 572 shares in the last quarter. Finally, CWM LLC increased its position in shares of CNO Financial Group by 27.7% in the first quarter. CWM LLC now owns 3,007 shares of the financial services provider’s stock worth $125,000 after acquiring an additional 653 shares in the last quarter. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

CNO Financial Group Stock Up 0.8%

CNO Financial Group stock opened at $40.15 on Monday. The firm has a market capitalization of $3.89 billion, a P/E ratio of 14.81 and a beta of 0.90. The company has a 50-day simple moving average of $39.40 and a 200-day simple moving average of $38.29. CNO Financial Group, Inc. has a one year low of $34.10 and a one year high of $43.20. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.17 and a current ratio of 0.17.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Friday, May 19th. The financial services provider reported $0.84 earnings per share for the quarter. The firm had revenue of $968.30 million for the quarter. CNO Financial Group had a net margin of 6.41% and a return on equity of 16.63%. As a group, equities analysts expect 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 declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Wednesday, September 10th. CNO Financial Group’s payout ratio is 25.09%.

CNO Financial Group Company 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.