O Shaughnessy Asset Management LLC Purchases 21,270 Shares of CNO Financial Group (CNO)

O Shaughnessy Asset Management LLC increased its position in CNO Financial Group (NYSE:CNO) by 2,433.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,144 shares of the financial services provider’s stock after buying an additional 21,270 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in CNO Financial Group were worth $480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG increased its stake in shares of CNO Financial Group by 9.5% in the fourth quarter. Deutsche Bank AG now owns 1,664,534 shares of the financial services provider’s stock valued at $41,093,000 after buying an additional 144,938 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of CNO Financial Group by 50.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,461 shares of the financial services provider’s stock valued at $258,000 after buying an additional 3,485 shares during the period. MetLife Investment Advisors LLC acquired a new position in shares of CNO Financial Group in the fourth quarter valued at approximately $4,551,000. Alliancebernstein L.P. increased its stake in shares of CNO Financial Group by 2.5% in the fourth quarter. Alliancebernstein L.P. now owns 475,068 shares of the financial services provider’s stock valued at $11,729,000 after buying an additional 11,430 shares during the period. Finally, Arizona State Retirement System increased its stake in shares of CNO Financial Group by 26.0% in the fourth quarter. Arizona State Retirement System now owns 120,746 shares of the financial services provider’s stock valued at $2,981,000 after buying an additional 24,948 shares during the period. 96.92% of the stock is owned by institutional investors.

CNO has been the subject of several recent research reports. Wells Fargo set a $25.00 price objective on CNO Financial Group and gave the company a “hold” rating in a research note on Tuesday, February 13th. William Blair initiated coverage on CNO Financial Group in a research note on Monday, March 12th. They issued an “outperform” rating for the company. ValuEngine downgraded CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Zacks Investment Research downgraded CNO Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 17th. Finally, Morgan Stanley raised CNO Financial Group from an “underweight” rating to an “equal weight” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $23.83.

NYSE:CNO opened at $20.36 on Friday. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 1.01 and a beta of 1.16. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.15 and a quick ratio of 0.15. CNO Financial Group has a fifty-two week low of $19.37 and a fifty-two week high of $26.47.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 25th. Shareholders of record on Monday, June 11th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Friday, June 8th. This is an increase from CNO Financial Group’s previous quarterly dividend of $0.09. CNO Financial Group’s dividend payout ratio is currently 17.82%.

About CNO Financial Group

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.

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

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