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

ClariVest Asset Management LLC purchased a new position in CNO Financial Group, Inc. (NYSE:CNO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 351,200 shares of the financial services provider’s stock, valued at approximately $8,198,000. ClariVest Asset Management LLC owned about 0.21% of CNO Financial Group 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 grew its holdings in shares of CNO Financial Group by 9.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,976 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 622 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in CNO Financial Group by 71.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 9,252 shares of the financial services provider’s stock worth $193,000 after acquiring an additional 3,852 shares in the last quarter. Trexquant Investment LP bought a new position in CNO Financial Group during the 2nd quarter worth about $202,000. New York State Teachers Retirement System grew its holdings in CNO Financial Group by 197.6% during the 1st quarter. New York State Teachers Retirement System now owns 12,200 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 8,100 shares in the last quarter. Finally, Oakbrook Investments LLC grew its holdings in CNO Financial Group by 1.6% during the 2nd quarter. Oakbrook Investments LLC now owns 12,700 shares of the financial services provider’s stock worth $265,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

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Shares of CNO Financial Group, Inc. (CNO) traded up $0.15 during trading on Friday, hitting $23.79. 507,159 shares of the company traded hands, compared to its average volume of 887,084. The stock has a market cap of $4,020.00, a price-to-earnings ratio of 14.78, a P/E/G ratio of 1.42 and a beta of 1.21. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.52. CNO Financial Group, Inc. has a 52-week low of $17.47 and a 52-week high of $25.07.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.06. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1 billion. CNO Financial Group had a net margin of 11.41% and a return on equity of 5.88%. CNO Financial Group’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $0.37 EPS. analysts anticipate that CNO Financial Group, Inc. will post 1.65 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Monday, December 11th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, December 8th. CNO Financial Group’s payout ratio is currently 13.00%.

Several research firms have commented on CNO. B. Riley reissued a “buy” rating on shares of CNO Financial Group in a research report on Monday, November 6th. Wells Fargo & Company set a $22.00 price target on shares of CNO Financial Group and gave the company a “hold” rating in a research report on Wednesday, October 25th. Morgan Stanley lowered shares of 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. Zacks Investment Research lowered shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Finally, BidaskClub raised shares of CNO Financial Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have given 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 target price of $22.25.

CNO Financial Group 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.

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

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