CNO Financial Group (CNO) Shares Bought by ClariVest Asset Management LLC
ClariVest Asset Management LLC lifted its position in CNO Financial Group (NYSE:CNO) by 15.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 313,800 shares of the financial services provider’s stock after acquiring an additional 42,000 shares during the period. ClariVest Asset Management LLC owned 0.19% of CNO Financial Group worth $6,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. Meeder Asset Management Inc. boosted its stake in shares of CNO Financial Group by 114.1% in the fourth quarter. Meeder Asset Management Inc. now owns 6,084 shares of the financial services provider’s stock worth $150,000 after acquiring an additional 3,243 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of CNO Financial Group in the first quarter worth approximately $171,000. Connable Office Inc. acquired a new stake in shares of CNO Financial Group in the fourth quarter worth approximately $205,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of CNO Financial Group by 50.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,461 shares of the financial services provider’s stock worth $258,000 after acquiring an additional 3,485 shares during the last quarter. Finally, Zeke Capital Advisors LLC acquired a new stake in shares of CNO Financial Group in the fourth quarter worth approximately $266,000. 96.92% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on CNO shares. ValuEngine raised CNO Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Morgan Stanley raised CNO Financial Group from an “underweight” rating to an “equal weight” rating in a research note on Thursday. Wells Fargo set a $23.00 price target on CNO Financial Group and gave the stock a “hold” rating in a research note on Wednesday, April 25th. Zacks Investment Research lowered CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, April 6th. Finally, William Blair started coverage on CNO Financial Group in a research note on Monday, March 12th. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. CNO Financial Group has an average rating of “Hold” and an average price target of $23.83.
CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.20. The company had revenue of $1.09 billion for the quarter. CNO Financial Group had a return on equity of 6.92% and a net margin of 4.67%. equities analysts anticipate that CNO Financial Group will post 2.02 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 25th. Shareholders of record on Monday, June 11th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 8th. This represents a $0.40 dividend on an annualized basis and a yield of 1.97%. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.09. CNO Financial Group’s payout ratio is 17.82%.
About CNO Financial Group
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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