CNO Financial Group Sees Unusually Large Options Volume (CNO)

CNO Financial Group, Inc. (NYSE:CNO) was the target of some unusual options trading on Wednesday. Stock traders purchased 1,262 call options on the company. This represents an increase of 1,228% compared to the average daily volume of 95 call options.

Large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. grew its stake in shares of CNO Financial Group by 15.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,255,682 shares of the financial services provider’s stock valued at $26,219,000 after acquiring an additional 171,722 shares during the period. Tudor Investment Corp ET AL grew its stake in shares of CNO Financial Group by 52.8% during the 2nd quarter. Tudor Investment Corp ET AL now owns 46,436 shares of the financial services provider’s stock valued at $970,000 after acquiring an additional 16,045 shares during the period. Engineers Gate Manager LP grew its stake in shares of CNO Financial Group by 271.9% during the 2nd quarter. Engineers Gate Manager LP now owns 90,830 shares of the financial services provider’s stock valued at $1,897,000 after acquiring an additional 66,409 shares during the period. Rafferty Asset Management LLC bought a new position in shares of CNO Financial Group during the 2nd quarter valued at approximately $4,693,000. Finally, SG Americas Securities LLC grew its stake in shares of CNO Financial Group by 45.6% during the 2nd quarter. SG Americas Securities LLC now owns 81,829 shares of the financial services provider’s stock valued at $1,709,000 after acquiring an additional 25,629 shares during the period. Institutional investors own 94.41% of the company’s stock.

CNO Financial Group (CNO) opened at $25.41 on Monday. The stock has a market capitalization of $4,262.83, a P/E ratio of 15.98, a P/E/G ratio of 1.54 and a beta of 1.20. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.16 and a current ratio of 0.16. CNO Financial Group has a 52 week low of $18.53 and a 52 week high of $25.83.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.06. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1 billion. CNO Financial Group had a return on equity of 5.88% and a net margin of 11.41%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 EPS. research analysts predict that CNO Financial Group will post 1.65 earnings per share 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 paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, December 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.42%. CNO Financial Group’s dividend payout ratio (DPR) is presently 13.00%.

A number of research firms have issued reports on CNO. 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 note on Monday, August 14th. They noted that the move was a valuation call. Goldman Sachs Group began coverage on CNO Financial Group in a research note on Wednesday, October 18th. They set a “neutral” rating and a $24.00 price target for the company. Zacks Investment Research downgraded CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. B. Riley restated a “buy” rating on shares of CNO Financial Group in a research note on Monday, November 6th. Finally, Wells Fargo & Company set a $22.00 price target on CNO Financial Group and gave the company a “hold” rating in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $22.25.

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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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