Oregon Public Employees Retirement Fund Raises Position in CNO Financial Group, Inc. (NYSE:CNO)

Oregon Public Employees Retirement Fund increased its position in CNO Financial Group, Inc. (NYSE:CNO) by 4.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,961 shares of the financial services provider’s stock after buying an additional 2,630 shares during the period. Oregon Public Employees Retirement Fund’s holdings in CNO Financial Group were worth $1,336,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. World Asset Management Inc increased its position in shares of CNO Financial Group by 0.8% in the first quarter. World Asset Management Inc now owns 12,448 shares of the financial services provider’s stock worth $255,000 after buying an additional 94 shares during the last quarter. Argent Capital Management LLC boosted its stake in CNO Financial Group by 2.4% in the first quarter. Argent Capital Management LLC now owns 20,305 shares of the financial services provider’s stock valued at $416,000 after buying an additional 470 shares during the period. Capstone Asset Management Co. boosted its stake in CNO Financial Group by 2.0% in the first quarter. Capstone Asset Management Co. now owns 24,558 shares of the financial services provider’s stock valued at $503,000 after buying an additional 480 shares during the period. Strs Ohio boosted its stake in shares of CNO Financial Group by 2.4% in the first quarter. Strs Ohio now owns 25,400 shares of the financial services provider’s stock worth $520,000 after buying an additional 600 shares during the last quarter. Finally, Advantus Capital Management Inc boosted its stake in shares of CNO Financial Group by 3.2% in the first quarter. Advantus Capital Management Inc now owns 22,252 shares of the financial services provider’s stock worth $456,000 after buying an additional 683 shares during the last quarter. Hedge funds and other institutional investors own 97.08% of the company’s stock.

Shares of CNO Financial Group, Inc. (NYSE:CNO) traded down 0.89% on Friday, hitting $22.31. The company’s stock had a trading volume of 1,984,185 shares. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 9.76 and a beta of 1.22. The stock’s 50 day moving average is $22.18 and its 200-day moving average is $20.95. CNO Financial Group, Inc. has a 52 week low of $14.30 and a 52 week high of $23.95.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 11th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Friday, September 8th. CNO Financial Group’s dividend payout ratio is presently 15.72%.

CNO Financial Group announced that its board has initiated a share repurchase program on Wednesday, May 10th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the financial services provider to reacquire up to 8.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

COPYRIGHT VIOLATION WARNING: “Oregon Public Employees Retirement Fund Raises Position in CNO Financial Group, Inc. (NYSE:CNO)” was originally published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this news story can be read at https://www.com-unik.info/2017/08/19/oregon-public-employees-retirement-fund-has-1-34-million-stake-in-cno-financial-group-inc-nysecno-updated-updated.html.

CNO has been the subject of several analyst reports. BidaskClub raised CNO Financial Group from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. ValuEngine raised CNO Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Wells Fargo & Company reaffirmed a “hold” rating on shares of CNO Financial Group in a report on Tuesday, June 20th. Zacks Investment Research downgraded CNO Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, FBR & Co reissued an “outperform” rating and issued a $23.00 target price on shares of CNO Financial Group in a report on Wednesday, May 31st. One analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $21.29.

About CNO Financial Group

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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