Riverhead Capital Management LLC raised its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 71.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,252 shares of the financial services provider’s stock after buying an additional 3,852 shares during the quarter. Riverhead Capital Management LLC’s holdings in CNO Financial Group were worth $193,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in CNO Financial Group by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,976 shares of the financial services provider’s stock valued at $146,000 after buying an additional 622 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in CNO Financial Group by 1,250.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 9,036 shares of the financial services provider’s stock valued at $185,000 after buying an additional 8,367 shares during the last quarter. Trexquant Investment LP acquired a new stake in CNO Financial Group in the 2nd quarter valued at approximately $202,000. Laurion Capital Management LP acquired a new stake in CNO Financial Group in the 1st quarter valued at approximately $242,000. Finally, New York State Teachers Retirement System grew its holdings in CNO Financial Group by 197.6% in the 1st quarter. New York State Teachers Retirement System now owns 12,200 shares of the financial services provider’s stock valued at $250,000 after buying an additional 8,100 shares during the last quarter. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have issued reports on CNO. Zacks Investment Research lowered CNO Financial Group from a “buy” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub raised CNO Financial Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 2nd. Morgan Stanley lowered CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 price objective on the stock. in a report on Monday, August 14th. They noted that the move was a valuation call. Wells Fargo & Company reissued a “hold” rating on shares of CNO Financial Group in a report on Monday, June 5th. Finally, ValuEngine raised CNO Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. CNO Financial Group currently has a consensus rating of “Hold” and an average target price of $22.00.

Shares of CNO Financial Group, Inc. (CNO) opened at 23.34 on Friday. CNO Financial Group, Inc. has a one year low of $14.30 and a one year high of $23.95. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 10.21 and a beta of 1.21. The stock’s 50 day moving average price is $22.58 and its 200 day moving average price is $21.23.

The company also recently announced a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 11th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Friday, September 8th. CNO Financial Group’s payout ratio is 15.72%.

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About CNO Financial Group

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.

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

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