Convergence Investment Partners LLC boosted its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 204.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 170,252 shares of the financial services provider’s stock after acquiring an additional 114,405 shares during the period. Convergence Investment Partners LLC owned 0.10% of CNO Financial Group worth $3,974,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Invictus RG grew its holdings in CNO Financial Group by 351.4% during the 3rd quarter. Invictus RG now owns 16,391 shares of the financial services provider’s stock worth $383,000 after acquiring an additional 12,760 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in CNO Financial Group during the 3rd quarter worth $1,095,000. Schwab Charles Investment Management Inc. grew its holdings in CNO Financial Group by 3.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,229,005 shares of the financial services provider’s stock worth $28,685,000 after acquiring an additional 37,287 shares during the period. Commonwealth Bank of Australia grew its holdings in CNO Financial Group by 8.5% during the 3rd quarter. Commonwealth Bank of Australia now owns 55,093 shares of the financial services provider’s stock worth $1,282,000 after acquiring an additional 4,300 shares during the period. Finally, Paradice Investment Management LLC grew its holdings in CNO Financial Group by 2.4% during the 3rd quarter. Paradice Investment Management LLC now owns 3,746,861 shares of the financial services provider’s stock worth $87,452,000 after acquiring an additional 88,639 shares during the period. 94.41% of the stock is owned by hedge funds and other institutional investors.

CNO has been the topic of a number of recent analyst reports. B. Riley reissued a “buy” rating on shares of CNO Financial Group in a research report on Monday, November 6th. Wells Fargo & Company set a $22.00 price target on shares of CNO Financial Group and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Morgan Stanley cut shares of CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 price target on the stock. in a research report on Monday, August 14th. They noted that the move was a valuation call. Zacks Investment Research cut shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Finally, Goldman Sachs Group initiated coverage on shares of CNO Financial Group in a research report on Wednesday, October 18th. They set a “neutral” rating and a $24.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. CNO Financial Group currently has an average rating of “Hold” and a consensus target price of $22.25.

CNO Financial Group, Inc. (CNO) opened at $25.10 on Monday. The firm has a market cap of $4,210.83, a price-to-earnings ratio of 15.79, a PEG ratio of 1.52 and a beta of 1.20. CNO Financial Group, Inc. has a 52-week low of $17.92 and a 52-week high of $25.52. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.52.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1 billion. CNO Financial Group had a net margin of 11.41% and a return on equity of 5.88%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $0.37 earnings per share. research analysts anticipate that CNO Financial Group, Inc. will post 1.65 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Monday, December 11th will be given a $0.09 dividend. The ex-dividend date is Friday, December 8th. This represents a $0.36 annualized dividend and a yield of 1.43%. CNO Financial Group’s dividend payout ratio is currently 13.00%.

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CNO Financial Group Profile

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.

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

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