Zeke Capital Advisors LLC purchased a new position in shares of CNO Financial Group (NYSE:CNO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,782 shares of the financial services provider’s stock, valued at approximately $266,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Meeder Asset Management Inc. boosted its stake in shares of CNO Financial Group by 114.1% during the 4th quarter. Meeder Asset Management Inc. now owns 6,084 shares of the financial services provider’s stock worth $150,000 after acquiring an additional 3,243 shares in the last quarter. Connable Office Inc. purchased a new stake in shares of CNO Financial Group during the 4th quarter worth about $205,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of CNO Financial Group by 50.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,461 shares of the financial services provider’s stock worth $258,000 after acquiring an additional 3,485 shares in the last quarter. Eqis Capital Management Inc. purchased a new stake in shares of CNO Financial Group during the 4th quarter worth about $294,000. Finally, Itau Unibanco Holding S.A. boosted its stake in shares of CNO Financial Group by 63.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 12,436 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 4,834 shares in the last quarter. 97.09% of the stock is currently owned by institutional investors.
Shares of CNO stock traded up $0.09 during trading on Wednesday, reaching $22.92. 23,020 shares of the company were exchanged, compared to its average volume of 1,139,933. The stock has a market cap of $3,788.09, a price-to-earnings ratio of 12.27, a PEG ratio of 1.12 and a beta of 1.14. CNO Financial Group has a 1 year low of $19.37 and a 1 year high of $26.47. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.15 and a quick ratio of 0.15.
CNO Financial Group (NYSE:CNO) last released its earnings results on Tuesday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.20. CNO Financial Group had a net margin of 4.09% and a return on equity of 6.63%. The business had revenue of $1.09 billion for the quarter. equities analysts anticipate that CNO Financial Group will post 2.03 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Thursday, March 8th. CNO Financial Group’s dividend payout ratio (DPR) is 35.64%.
CNO has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and set a $24.00 target price on shares of CNO Financial Group in a research note on Thursday, December 21st. ValuEngine raised shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. William Blair started coverage on shares of CNO Financial Group in a research note on Monday, March 12th. They issued an “outperform” rating on the stock. Zacks Investment Research lowered shares of CNO Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Finally, Wells Fargo set a $25.00 price target on shares of CNO Financial Group and gave the company a “hold” rating in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $24.17.
COPYRIGHT VIOLATION NOTICE: “Zeke Capital Advisors LLC Purchases New Stake in CNO Financial Group (CNO)” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be read at https://ledgergazette.com/2018/03/21/zeke-capital-advisors-llc-purchases-new-stake-in-cno-financial-group-cno.html.
CNO Financial Group Profile
CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments.
Want to see what other hedge funds are holding CNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNO Financial Group (NYSE:CNO).
Receive News & Ratings for CNO Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNO Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.