Century Capital Management LLC lowered its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 41.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 144,971 shares of the financial services provider’s stock after selling 104,514 shares during the quarter. Century Capital Management LLC owned about 0.09% of CNO Financial Group worth $3,027,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in CNO Financial Group by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,976 shares of the financial services provider’s stock worth $146,000 after acquiring an additional 622 shares during the period. Envestnet Asset Management Inc. boosted its holdings in CNO Financial Group by 1,250.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 9,036 shares of the financial services provider’s stock worth $185,000 after acquiring an additional 8,367 shares during the period. Trexquant Investment LP purchased a new position in CNO Financial Group in the 2nd quarter worth approximately $202,000. Teza Capital Management LLC purchased a new position in CNO Financial Group in the 1st quarter worth approximately $219,000. Finally, Laurion Capital Management LP purchased a new position in CNO Financial Group in the 1st quarter worth approximately $242,000. 95.39% of the stock is owned by institutional investors.
Shares of CNO Financial Group, Inc. (NYSE:CNO) traded up 1.08% on Friday, hitting $22.38. The stock had a trading volume of 2,320,317 shares. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 9.79 and a beta of 1.21. CNO Financial Group, Inc. has a 52 week low of $14.30 and a 52 week high of $23.95. The firm has a 50 day moving average price of $22.58 and a 200-day moving average price of $21.21.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 11th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Friday, September 8th. CNO Financial Group’s dividend payout ratio (DPR) is presently 15.72%.
Several research firms have recently commented on CNO. Zacks Investment Research cut CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Morgan Stanley cut CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 target price for the company. in a research note on Monday, August 14th. They noted that the move was a valuation call. BidaskClub upgraded CNO Financial Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd. FBR & Co restated an “outperform” rating and set a $23.00 price objective on shares of CNO Financial Group in a research note on Wednesday, May 31st. Finally, Wells Fargo & Company restated a “hold” rating on shares of CNO Financial Group in a research note on Monday, June 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. CNO Financial Group has an average rating of “Hold” and an average price target of $21.29.
About CNO Financial Group
CNO Financial Group, Inc is a holding company for a group of insurance companies operating throughout the United States that develops, markets and administers health insurance, annuity, individual life insurance and other insurance products. The Company’s segments include Bankers Life, Washington National and Colonial Penn.
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