Journey Advisory Group LLC Has $3.20 Million Holdings in CNO Financial Group, Inc. $CNO

Journey Advisory Group LLC cut its position in CNO Financial Group, Inc. (NYSE:CNO) by 4.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,858 shares of the financial services provider’s stock after selling 3,649 shares during the quarter. Journey Advisory Group LLC’s holdings in CNO Financial Group were worth $3,197,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its position in CNO Financial Group by 5.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,701 shares of the financial services provider’s stock worth $571,000 after purchasing an additional 744 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in CNO Financial Group by 15.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 772,371 shares of the financial services provider’s stock worth $32,424,000 after purchasing an additional 100,735 shares during the last quarter. GAMMA Investing LLC grew its position in CNO Financial Group by 25.0% in the 1st quarter. GAMMA Investing LLC now owns 2,861 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 572 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in CNO Financial Group by 42.0% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 8,471 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 2,507 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in CNO Financial Group in the 1st quarter worth $92,000. 95.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on CNO. Wall Street Zen lowered shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Weiss Ratings restated a “buy (b)” rating on shares of CNO Financial Group in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods raised their price target on shares of CNO Financial Group from $44.00 to $45.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, CNO Financial Group has an average rating of “Moderate Buy” and a consensus price target of $43.60.

CNO Financial Group Price Performance

NYSE:CNO opened at $38.89 on Monday. The company has a 50-day moving average of $39.20 and a 200-day moving average of $38.19. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 14.35 and a beta of 0.90. CNO Financial Group, Inc. has a 52 week low of $34.10 and a 52 week high of $43.20. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.17 and a current ratio of 0.17.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Friday, May 19th. The financial services provider reported $0.84 EPS for the quarter. The company had revenue of $968.30 million during the quarter. CNO Financial Group had a net margin of 6.41% and a return on equity of 16.63%. As a group, equities research analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, September 10th. CNO Financial Group’s dividend payout ratio (DPR) is currently 25.09%.

CNO Financial Group Company Profile

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face.