Barclays PLC Decreases Stake in CNO Financial Group Inc (NYSE:CNO)

Barclays PLC cut its holdings in shares of CNO Financial Group Inc (NYSE:CNO) by 26.4% in the 3rd quarter, Holdings Channel reports. The fund owned 101,037 shares of the financial services provider’s stock after selling 36,236 shares during the period. Barclays PLC’s holdings in CNO Financial Group were worth $1,600,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Paradice Investment Management LLC lifted its stake in shares of CNO Financial Group by 11.0% in the third quarter. Paradice Investment Management LLC now owns 5,560,289 shares of the financial services provider’s stock worth $88,019,000 after acquiring an additional 552,200 shares in the last quarter. Northern Trust Corp raised its position in shares of CNO Financial Group by 0.8% in the 2nd quarter. Northern Trust Corp now owns 4,307,615 shares of the financial services provider’s stock valued at $71,851,000 after purchasing an additional 32,085 shares in the last quarter. Pzena Investment Management LLC raised its position in shares of CNO Financial Group by 60.3% in the 2nd quarter. Pzena Investment Management LLC now owns 3,855,224 shares of the financial services provider’s stock valued at $64,305,000 after purchasing an additional 1,450,851 shares in the last quarter. Citadel Advisors LLC boosted its stake in shares of CNO Financial Group by 106.9% during the 2nd quarter. Citadel Advisors LLC now owns 2,853,670 shares of the financial services provider’s stock valued at $47,599,000 after buying an additional 1,474,518 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of CNO Financial Group by 24.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,783,780 shares of the financial services provider’s stock valued at $46,433,000 after buying an additional 539,021 shares during the last quarter. Institutional investors own 97.37% of the company’s stock.

In other CNO Financial Group news, Director Frederick James Sievert sold 9,415 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $15.94, for a total transaction of $150,075.10. Following the completion of the transaction, the director now directly owns 65,555 shares of the company’s stock, valued at approximately $1,044,946.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joel H. Schwartz sold 1,717 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $18.21, for a total transaction of $31,266.57. Following the sale, the insider now directly owns 23,603 shares of the company’s stock, valued at $429,810.63. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Shares of NYSE CNO opened at $17.80 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.58. The stock’s 50 day moving average price is $17.02 and its two-hundred day moving average price is $16.16. CNO Financial Group Inc has a 52-week low of $13.64 and a 52-week high of $18.63. The stock has a market capitalization of $2.69 billion, a P/E ratio of 9.73 and a beta of 1.28.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Tuesday, November 5th. The financial services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.02). CNO Financial Group had a return on equity of 6.77% and a net margin of 4.29%. The firm had revenue of $944.00 million during the quarter, compared to analyst estimates of $953.60 million. During the same quarter in the previous year, the business posted $0.53 EPS. CNO Financial Group’s revenue was down 36.3% compared to the same quarter last year. On average, analysts anticipate that CNO Financial Group Inc will post 1.81 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.47%. The ex-dividend date is Monday, December 9th. CNO Financial Group’s dividend payout ratio (DPR) is presently 24.04%.

A number of analysts recently issued reports on the stock. Zacks Investment Research lowered shares of CNO Financial Group from a “hold” rating to a “sell” rating and set a $17.00 price target for the company. in a research note on Thursday, September 12th. Citigroup reduced their price objective on shares of CNO Financial Group from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. Guggenheim lowered shares of CNO Financial Group to a “hold” rating and set a $29.00 price objective for the company. in a report on Friday, November 15th. TheStreet raised shares of CNO Financial Group from a “c+” rating to a “b-” rating in a research report on Tuesday, November 26th. Finally, ValuEngine lowered shares of CNO Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $21.00.

CNO Financial Group Company 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.

Further Reading: What is the Russell 2000 Index?

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

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