Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of CNO Financial Group, Inc. (NYSE:CNO) during the third quarter, according to its most recent filing with the SEC. The institutional investor bought 56,955 shares of the company’s stock, valued at approximately $870,000.

A number of other institutional investors have also recently added to or reduced their stakes in CNO. Vanguard Group Inc. raised its stake in shares of CNO Financial Group by 7.0% in the second quarter. Vanguard Group Inc. now owns 13,604,993 shares of the company’s stock valued at $237,543,000 after buying an additional 893,798 shares during the period. BlackRock Fund Advisors raised its stake in shares of CNO Financial Group by 5.6% in the third quarter. BlackRock Fund Advisors now owns 9,365,922 shares of the company’s stock valued at $143,018,000 after buying an additional 499,444 shares during the period. JPMorgan Chase & Co. raised its stake in shares of CNO Financial Group by 3.1% in the third quarter. JPMorgan Chase & Co. now owns 7,324,427 shares of the company’s stock valued at $111,844,000 after buying an additional 221,110 shares during the period. State Street Corp raised its stake in shares of CNO Financial Group by 0.3% in the second quarter. State Street Corp now owns 6,743,610 shares of the company’s stock valued at $117,740,000 after buying an additional 21,233 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of CNO Financial Group by 1.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,675,380 shares of the company’s stock valued at $99,092,000 after buying an additional 68,220 shares during the period. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of CNO Financial Group, Inc. (NYSE:CNO) traded up 2.99% on Friday, hitting $19.29. 1,476,064 shares of the stock were exchanged. The company has a 50 day moving average of $18.96 and a 200 day moving average of $16.89. CNO Financial Group, Inc. has a 52-week low of $14.30 and a 52-week high of $20.55. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 13.43 and a beta of 1.27.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Friday, December 9th were issued a $0.08 dividend. The ex-dividend date was Wednesday, December 7th. This represents a $0.32 dividend on an annualized basis and a yield of 1.66%. CNO Financial Group’s dividend payout ratio is presently 22.54%.

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Several equities research analysts recently issued reports on CNO shares. Zacks Investment Research lowered shares of CNO Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 3rd. Wells Fargo & Company lowered shares of CNO Financial Group from an “outperform” rating to a “market perform” rating in a report on Wednesday. Goldman Sachs Group, Inc. (The) lowered shares of CNO Financial Group from a “buy” rating to a “neutral” rating and decreased their price target for the company from $21.00 to $17.00 in a report on Friday, September 30th. FBR & Co boosted their target price on shares of CNO Financial Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, December 13th. Finally, BTIG Research lowered shares of CNO Financial Group from a “buy” rating to a “neutral” rating in a report on Friday, September 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $18.50.

In related news, EVP Susan L. Menzel sold 79,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $17.50, for a total value of $1,391,250.00. Following the transaction, the executive vice president now directly owns 1,960 shares of the company’s stock, valued at approximately $34,300. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.20% of the stock is owned by corporate insiders.

About CNO Financial Group

CNO Financial Group, Inc is a holding company for a group of insurance companies operating across the United States that develop, market and administer health insurance, annuity, individual life insurance and other insurance products. It operates through three operating segments: Bankers Life, Washington National and Colonial Penn.

5 Day Chart for NYSE:CNO

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