Rafferty Asset Management LLC Takes Position in CNO Financial Group, Inc. (CNO)

Rafferty Asset Management LLC purchased a new stake in shares of CNO Financial Group, Inc. (NYSE:CNO) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 224,748 shares of the financial services provider’s stock, valued at approximately $4,693,000. Rafferty Asset Management LLC owned about 0.13% of CNO Financial Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CNO. Strs Ohio increased its position in shares of CNO Financial Group by 2.4% during the first quarter. Strs Ohio now owns 25,400 shares of the financial services provider’s stock valued at $520,000 after acquiring an additional 600 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of CNO Financial Group by 4.9% during the first quarter. Great West Life Assurance Co. Can now owns 104,039 shares of the financial services provider’s stock valued at $2,131,000 after acquiring an additional 4,840 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of CNO Financial Group by 15.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 182,840 shares of the financial services provider’s stock valued at $3,748,000 after acquiring an additional 24,845 shares during the last quarter. American Century Companies Inc. purchased a new stake in shares of CNO Financial Group during the first quarter valued at approximately $639,000. Finally, Comerica Bank increased its position in shares of CNO Financial Group by 25.3% during the first quarter. Comerica Bank now owns 163,045 shares of the financial services provider’s stock valued at $3,473,000 after acquiring an additional 32,916 shares during the last quarter. 95.37% of the stock is owned by institutional investors.

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CNO Financial Group, Inc. (NYSE:CNO) traded up 1.63% during mid-day trading on Tuesday, reaching $23.02. The company’s stock had a trading volume of 132,942 shares. The company has a 50-day moving average price of $22.58 and a 200-day moving average price of $21.22. CNO Financial Group, Inc. has a 12-month low of $14.30 and a 12-month high of $23.95. The firm has a market cap of $3.89 billion, a PE ratio of 10.07 and a beta of 1.21.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 11th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, September 8th. This represents a $0.36 dividend on an annualized basis and a yield of 1.59%. CNO Financial Group’s dividend payout ratio is presently 15.72%.

A number of analysts recently commented on the company. Zacks Investment Research raised CNO Financial Group from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Monday, August 7th. Morgan Stanley downgraded CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 price target for the company. in a research report on Monday, August 14th. They noted that the move was a valuation call. BidaskClub raised CNO Financial Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd. FBR & Co reaffirmed an “outperform” rating and set a $23.00 price target on shares of CNO Financial Group in a research report on Wednesday, May 31st. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of CNO Financial Group in a research report on Monday, June 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $21.29.

CNO Financial Group Company Profile

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

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