TIAA CREF Investment Management LLC Has $19.96 Million Position in CNO Financial Group (CNO)

TIAA CREF Investment Management LLC lowered its stake in shares of CNO Financial Group (NYSE:CNO) by 8.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 808,491 shares of the financial services provider’s stock after selling 76,790 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in CNO Financial Group were worth $19,962,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Icon Advisers Inc. Co. increased its position in shares of CNO Financial Group by 5.6% during the 4th quarter. Icon Advisers Inc. Co. now owns 41,600 shares of the financial services provider’s stock valued at $1,027,000 after purchasing an additional 2,200 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of CNO Financial Group by 11.6% during the 3rd quarter. Pacer Advisors Inc. now owns 25,336 shares of the financial services provider’s stock valued at $591,000 after purchasing an additional 2,625 shares during the last quarter. Profund Advisors LLC increased its position in shares of CNO Financial Group by 13.0% during the 4th quarter. Profund Advisors LLC now owns 25,833 shares of the financial services provider’s stock valued at $638,000 after purchasing an additional 2,962 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of CNO Financial Group by 114.1% during the 4th quarter. Meeder Asset Management Inc. now owns 6,084 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 3,243 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of CNO Financial Group by 50.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,461 shares of the financial services provider’s stock valued at $258,000 after purchasing an additional 3,485 shares during the last quarter. Institutional investors and hedge funds own 97.09% of the company’s stock.

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Shares of NYSE:CNO opened at $21.67 on Friday. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.53. CNO Financial Group has a 1 year low of $19.37 and a 1 year high of $26.47. The company has a market cap of $3,616.21, a price-to-earnings ratio of 10.73, a P/E/G ratio of 1.07 and a beta of 1.14.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.20. CNO Financial Group had a net margin of 4.09% and a return on equity of 6.63%. The business had revenue of $1.09 billion during the quarter. analysts forecast that CNO Financial Group will post 2.03 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Thursday, March 8th. CNO Financial Group’s dividend payout ratio (DPR) is currently 17.82%.

Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of CNO Financial Group from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Wednesday, January 10th. Wells Fargo set a $25.00 price target on shares of CNO Financial Group and gave the company a “hold” rating in a research report on Tuesday, February 13th. William Blair initiated coverage on shares of CNO Financial Group in a report on Monday, March 12th. They issued an “outperform” rating for the company. ValuEngine raised shares of CNO Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $24.00 target price on shares of CNO Financial Group in a report on Thursday, December 21st. One analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. CNO Financial Group presently has a consensus rating of “Buy” and an average price target of $24.17.

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CNO Financial Group Profile

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments.

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

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