Denver Investment Advisors LLC decreased its position in CNO Financial Group, Inc. (NYSE:CNO) by 20.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 726,846 shares of the financial services provider’s stock after selling 189,040 shares during the period. Denver Investment Advisors LLC’s holdings in CNO Financial Group were worth $15,176,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of CNO Financial Group by 13,916.4% in the first quarter. BlackRock Inc. now owns 16,909,850 shares of the financial services provider’s stock worth $346,652,000 after buying an additional 16,789,207 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of CNO Financial Group by 217.8% in the first quarter. Principal Financial Group Inc. now owns 2,237,203 shares of the financial services provider’s stock worth $45,863,000 after buying an additional 1,533,288 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of CNO Financial Group by 18,910.2% in the first quarter. Victory Capital Management Inc. now owns 1,083,960 shares of the financial services provider’s stock worth $22,221,000 after buying an additional 1,078,258 shares in the last quarter. LSV Asset Management increased its stake in shares of CNO Financial Group by 25.4% in the first quarter. LSV Asset Management now owns 4,338,908 shares of the financial services provider’s stock worth $88,947,000 after buying an additional 878,522 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of CNO Financial Group by 5.6% in the first quarter. Vanguard Group Inc. now owns 14,714,188 shares of the financial services provider’s stock worth $301,641,000 after buying an additional 782,886 shares in the last quarter. 97.08% of the stock is currently owned by institutional investors and hedge funds.

Shares of CNO Financial Group, Inc. (CNO) opened at 23.18 on Wednesday. The firm has a market cap of $3.92 billion, a P/E ratio of 10.14 and a beta of 1.22. The firm has a 50 day moving average price of $22.01 and a 200-day moving average price of $20.91. CNO Financial Group, Inc. has a one year low of $14.30 and a one year high of $23.95.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 11th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, September 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.55%. CNO Financial Group’s dividend payout ratio (DPR) is currently 15.72%.

CNO Financial Group declared that its board has approved a share repurchase plan on Wednesday, May 10th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the financial services provider to repurchase up to 8.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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A number of equities research analysts have weighed in on CNO shares. FBR & Co reaffirmed an “outperform” rating and issued a $23.00 target price on shares of CNO Financial Group in a report on Wednesday, May 31st. Wells Fargo & Company reaffirmed a “hold” rating on shares of CNO Financial Group in a report on Monday, June 5th. BidaskClub raised CNO Financial Group from a “hold” rating to a “buy” rating in a report on Friday, June 16th. ValuEngine raised CNO Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Finally, Zacks Investment Research downgraded CNO Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $21.29.

CNO Financial Group Company 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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