Paragon Capital Management Ltd Takes Position in CNO Financial Group, Inc. (CNO)

Paragon Capital Management Ltd bought a new stake in CNO Financial Group, Inc. (NYSE:CNO) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 12,899 shares of the financial services provider’s stock, valued at approximately $301,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas grew its holdings in shares of CNO Financial Group by 1.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 13,956 shares of the financial services provider’s stock valued at $291,000 after purchasing an additional 135 shares during the last quarter. Oakbrook Investments LLC grew its holdings in shares of CNO Financial Group by 1.6% during the 2nd quarter. Oakbrook Investments LLC now owns 12,700 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 200 shares during the last quarter. M&T Bank Corp grew its holdings in shares of CNO Financial Group by 2.4% during the 2nd quarter. M&T Bank Corp now owns 16,718 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 389 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of CNO Financial Group by 9.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,976 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 622 shares during the last quarter. Finally, Capstone Asset Management Co. grew its holdings in shares of CNO Financial Group by 2.6% during the 2nd quarter. Capstone Asset Management Co. now owns 25,198 shares of the financial services provider’s stock valued at $526,000 after purchasing an additional 640 shares during the last quarter. 95.22% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of CNO Financial Group in a report on Wednesday, October 18th. They set a “neutral” rating and a $24.00 price target on the stock. BidaskClub raised shares of CNO Financial Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 2nd. Morgan Stanley lowered shares of CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 price target on the stock. in a report on Monday, August 14th. They noted that the move was a valuation call. Finally, Wells Fargo & Company set a $22.00 price target on shares of CNO Financial Group and gave the company a “hold” rating in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $22.25.

Shares of CNO Financial Group, Inc. (NYSE CNO) traded down 0.20% during midday trading on Monday, hitting $24.50. 135,392 shares of the company traded hands. The stock has a market capitalization of $4.14 billion, a PE ratio of 10.71 and a beta of 1.20. CNO Financial Group, Inc. has a 52 week low of $14.85 and a 52 week high of $25.07. The stock has a 50 day moving average of $23.60 and a 200-day moving average of $21.93.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. CNO Financial Group had a net margin of 11.41% and a return on equity of 5.88%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the business earned $0.37 earnings per share. The business’s quarterly revenue was up 6.2% on a year-over-year basis. Equities analysts forecast that CNO Financial Group, Inc. will post $1.63 earnings per share for the current fiscal year.

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

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