Carillon Tower Advisers Inc. increased its holdings in shares of CNO Financial Group Inc (NYSE:CNO) by 2.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 170,582 shares of the financial services provider’s stock after acquiring an additional 3,306 shares during the period. Carillon Tower Advisers Inc. owned about 0.10% of CNO Financial Group worth $3,620,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of CNO. Principal Financial Group Inc. grew its position in shares of CNO Financial Group by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 744,354 shares of the financial services provider’s stock worth $16,131,000 after buying an additional 19,508 shares during the period. Bank of Montreal Can grew its position in shares of CNO Financial Group by 3.7% during the 2nd quarter. Bank of Montreal Can now owns 108,600 shares of the financial services provider’s stock worth $2,066,000 after buying an additional 3,889 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of CNO Financial Group during the 2nd quarter worth approximately $264,000. Los Angeles Capital Management & Equity Research Inc. grew its position in shares of CNO Financial Group by 96.2% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 187,648 shares of the financial services provider’s stock worth $3,573,000 after buying an additional 92,000 shares during the period. Finally, Comerica Bank grew its position in shares of CNO Financial Group by 2.3% during the 2nd quarter. Comerica Bank now owns 159,865 shares of the financial services provider’s stock worth $3,172,000 after buying an additional 3,615 shares during the period. 94.18% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE CNO opened at $18.23 on Tuesday. The company has a market cap of $3.01 billion, a P/E ratio of 8.84 and a beta of 1.11. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.71. CNO Financial Group Inc has a 52-week low of $17.63 and a 52-week high of $26.47.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 24th. Investors of record on Monday, December 10th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Friday, December 7th. CNO Financial Group’s dividend payout ratio is currently 19.80%.
In related news, EVP Matthew J. Zimpfer sold 17,417 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $18.46, for a total transaction of $321,517.82. Following the completion of the transaction, the executive vice president now owns 137,580 shares in the company, valued at $2,539,726.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen N. David acquired 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 5th. The shares were purchased at an average price of $18.50 per share, with a total value of $37,000.00. Following the acquisition, the director now owns 19,706 shares of the company’s stock, valued at approximately $364,561. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by insiders.
Several brokerages have recently commented on CNO. Zacks Investment Research upgraded shares of CNO Financial Group from a “sell” rating to a “hold” rating in a research report on Monday, August 6th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $24.00 price target on shares of CNO Financial Group in a research report on Friday, August 17th. ValuEngine upgraded shares of CNO Financial Group from a “strong sell” rating to a “sell” rating in a research report on Monday, November 12th. Finally, TheStreet cut shares of CNO Financial Group from a “b” rating to a “c” rating in a report on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. CNO Financial Group has an average rating of “Hold” and an average price target of $23.75.
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CNO Financial Group Profile
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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