Robeco Institutional Asset Management B.V. Takes Position in CNO Financial Group (CNO)

Robeco Institutional Asset Management B.V. acquired a new stake in CNO Financial Group (NYSE:CNO) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 74,800 shares of the financial services provider’s stock, valued at approximately $1,621,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Deutsche Bank AG boosted its position 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 acquiring an additional 144,938 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 acquiring an additional 3,485 shares during the period. MetLife Investment Advisors LLC bought a new stake in shares of CNO Financial Group in the fourth quarter valued at approximately $4,551,000. Arizona State Retirement System boosted its position 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 acquiring an additional 24,948 shares during the period. Finally, Alliancebernstein L.P. boosted its position 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 acquiring an additional 11,430 shares during the period. 94.71% of the stock is owned by institutional investors.

Several equities research analysts have recently weighed in on the company. ValuEngine cut CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Wells Fargo & Co set a $25.00 price objective on CNO Financial Group and gave the company a “hold” rating in a research report on Tuesday, February 13th. Zacks Investment Research cut CNO Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, April 17th. William Blair assumed coverage on CNO Financial Group in a research report on Monday, March 12th. They issued an “outperform” rating for the company. Finally, Morgan Stanley raised CNO Financial Group from an “underweight” rating to an “equal weight” rating in a research report on Thursday, May 17th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $23.83.

Shares of CNO Financial Group opened at $20.57 on Thursday, MarketBeat.com reports. The firm has a market capitalization of $3.44 billion, a P/E ratio of 10.18, a PEG ratio of 1.02 and a beta of 1.16. CNO Financial Group has a one year low of $19.37 and a one year high of $26.47. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.15 and a quick ratio of 0.15.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 25th. Investors of record on Monday, June 11th will be given a $0.10 dividend. This is a boost from CNO Financial Group’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 1.94%. The ex-dividend date is Friday, June 8th. CNO Financial Group’s dividend payout ratio (DPR) is 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.

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

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