Cubist Systematic Strategies LLC Takes $292,000 Position in CNO Financial Group Inc (CNO)

Cubist Systematic Strategies LLC acquired a new position in shares of CNO Financial Group Inc (NYSE:CNO) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,532 shares of the financial services provider’s stock, valued at approximately $292,000.

Several other institutional investors and hedge funds also recently modified their holdings of CNO. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of CNO Financial Group by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,976 shares of the financial services provider’s stock worth $146,000 after acquiring an additional 622 shares during the last quarter. Riverhead Capital Management LLC increased its position in shares of CNO Financial Group by 71.3% during the second quarter. Riverhead Capital Management LLC now owns 9,252 shares of the financial services provider’s stock worth $193,000 after acquiring an additional 3,852 shares during the last quarter. Paragon Capital Management Ltd purchased a new stake in shares of CNO Financial Group during the third quarter worth about $301,000. Verition Fund Management LLC purchased a new stake in shares of CNO Financial Group during the second quarter worth about $323,000. Finally, AMP Capital Investors Ltd purchased a new stake in shares of CNO Financial Group during the third quarter worth about $348,000. Institutional investors own 95.13% of the company’s stock.

Shares of CNO Financial Group Inc (CNO) opened at $24.99 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $4,078.30, a PE ratio of 9.02, a P/E/G ratio of 1.49 and a beta of 1.20. CNO Financial Group Inc has a fifty-two week low of $18.53 and a fifty-two week high of $25.83.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.06. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1 billion. CNO Financial Group had a return on equity of 5.88% and a net margin of 11.41%. CNO Financial Group’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 earnings per share. equities analysts anticipate that CNO Financial Group Inc will post 1.65 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Monday, December 11th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.44%. The ex-dividend date was Friday, December 8th. CNO Financial Group’s dividend payout ratio is currently 13.00%.

CNO has been the topic of a number of analyst reports. Zacks Investment Research lowered CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Goldman Sachs Group initiated coverage on CNO Financial Group in a research report on Wednesday, October 18th. They set a “neutral” rating and a $24.00 target price on the stock. Wells Fargo & Co set a $22.00 target price on CNO Financial Group and gave the stock a “hold” rating in a research report on Wednesday, October 25th. B. Riley reaffirmed a “buy” rating on shares of CNO Financial Group in a research report on Monday, November 6th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $24.00 target price on shares of CNO Financial Group in a research report on Thursday, December 21st. Two analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. CNO Financial Group currently has an average rating of “Hold” and an average price target of $22.50.

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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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