Intech Investment Management LLC Has $3.14 Million Stock Position in CNO Financial Group, Inc. $CNO

Intech Investment Management LLC decreased its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 4.5% in the 2nd quarter, Holdings Channel reports. The fund owned 81,293 shares of the financial services provider’s stock after selling 3,861 shares during the quarter. Intech Investment Management LLC’s holdings in CNO Financial Group were worth $3,136,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CNO. Neo Ivy Capital Management bought a new position in shares of CNO Financial Group in the first quarter valued at $28,000. Turning Point Benefit Group Inc. bought a new position in shares of CNO Financial Group during the second quarter worth approximately $32,000. Geneos Wealth Management Inc. increased its position in CNO Financial Group by 637.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,438 shares of the financial services provider’s stock worth $60,000 after buying an additional 1,243 shares during the period. CWM LLC increased its position in CNO Financial Group by 27.7% during the first quarter. CWM LLC now owns 3,007 shares of the financial services provider’s stock worth $125,000 after acquiring an additional 653 shares during the period. Finally, Allworth Financial LP raised its position in shares of CNO Financial Group by 211.4% in the second quarter. Allworth Financial LP now owns 3,074 shares of the financial services provider’s stock valued at $119,000 after buying an additional 2,087 shares in the last quarter. Institutional investors own 95.43% of the company’s stock.

Insider Activity

In related news, CIO Eric R. Johnson sold 48,665 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $41.24, for a total transaction of $2,006,944.60. Following the transaction, the executive owned 671,542 shares in the company, valued at $27,694,392.08. The trade was a 6.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wall Street Zen upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Keefe, Bruyette & Woods lifted their target price 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of CNO Financial Group in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.60.

CNO Financial Group Price Performance

Shares of NYSE:CNO opened at $40.16 on Wednesday. The company’s 50-day moving average is $39.83 and its 200 day moving average is $38.56. 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, Inc. has a fifty-two week low of $34.63 and a fifty-two week high of $43.20. The company has a market capitalization of $3.83 billion, a P/E ratio of 14.82 and a beta of 0.94.

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 business had revenue of $968.30 million for the quarter. CNO Financial Group had a net margin of 6.41% and a return on equity of 16.63%. On average, equities research analysts forecast that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 10th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. CNO Financial Group’s dividend payout ratio (DPR) is presently 23.78%.

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.