Freedom Investment Management Inc. Sells 492 Shares of CNO Financial Group, Inc. $CNO

Freedom Investment Management Inc. cut its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 7.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,822 shares of the financial services provider’s stock after selling 492 shares during the period. Freedom Investment Management Inc.’s holdings in CNO Financial Group were worth $225,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Neo Ivy Capital Management bought a new position in CNO Financial Group in the 1st quarter valued at approximately $28,000. Geneos Wealth Management Inc. lifted its position in CNO Financial Group by 637.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,438 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 1,243 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of CNO Financial Group during the 1st quarter valued at $92,000. GAMMA Investing LLC lifted its holdings in shares of CNO Financial Group by 25.0% during the 1st quarter. GAMMA Investing LLC now owns 2,861 shares of the financial services provider’s stock valued at $119,000 after buying an additional 572 shares during the period. Finally, CWM LLC lifted its holdings in shares of CNO Financial Group by 27.7% during the 1st quarter. CWM LLC now owns 3,007 shares of the financial services provider’s stock valued at $125,000 after buying an additional 653 shares during the period. 95.43% of the stock is owned by institutional investors.

CNO Financial Group Trading Up 0.1%

NYSE:CNO opened at $40.15 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 14.81 and a beta of 0.90. CNO Financial Group, Inc. has a one year low of $34.36 and a one year high of $43.20. The business has a fifty day moving average price of $39.45 and a 200-day moving average price of $38.29.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Friday, May 19th. The financial services provider reported $0.84 EPS for the quarter. The firm had revenue of $968.30 million during the quarter. CNO Financial Group had a return on equity of 16.63% and a net margin of 6.41%. Sell-side analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, September 10th. CNO Financial Group’s dividend payout ratio is 25.09%.

Wall Street Analyst Weigh In

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

About CNO Financial Group

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.