Systematic Financial Management LP Invests $949,000 in CNO Financial Group Inc (NYSE:CNO)

Systematic Financial Management LP bought a new position in shares of CNO Financial Group Inc (NYSE:CNO) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 56,895 shares of the financial services provider’s stock, valued at approximately $949,000.

Several other large investors have also added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. acquired a new position in CNO Financial Group in the 4th quarter valued at about $91,000. Legal & General Group Plc grew its stake in CNO Financial Group by 2.8% in the 4th quarter. Legal & General Group Plc now owns 259,244 shares of the financial services provider’s stock valued at $3,858,000 after buying an additional 7,156 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in CNO Financial Group by 78.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 70,000 shares of the financial services provider’s stock valued at $1,042,000 after buying an additional 30,709 shares during the last quarter. FMR LLC grew its stake in CNO Financial Group by 9.3% in the 4th quarter. FMR LLC now owns 465,054 shares of the financial services provider’s stock valued at $6,920,000 after buying an additional 39,520 shares during the last quarter. Finally, Norges Bank acquired a new position in CNO Financial Group in the 4th quarter valued at about $39,053,000. Institutional investors and hedge funds own 94.20% of the company’s stock.

NYSE CNO traded down $0.20 during trading on Friday, reaching $15.65. The company’s stock had a trading volume of 1,041,151 shares, compared to its average volume of 1,090,885. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 8.55 and a beta of 1.22. CNO Financial Group Inc has a 12 month low of $13.64 and a 12 month high of $22.19. The company has a 50 day moving average of $16.48.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.48. The firm had revenue of $979.80 million during the quarter, compared to the consensus estimate of $956.66 million. CNO Financial Group had a negative net margin of 9.67% and a positive return on equity of 7.71%. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 EPS. As a group, research analysts anticipate that CNO Financial Group Inc will post 1.9 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Monday, September 9th. CNO Financial Group’s dividend payout ratio is currently 24.04%.

A number of research analysts recently commented on CNO shares. ValuEngine upgraded shares of CNO Financial Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 8th. Zacks Investment Research lowered shares of CNO Financial Group from a “hold” rating to a “sell” rating and set a $18.00 price target on the stock. in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $19.50.

In other CNO Financial Group news, EVP Matthew J. Zimpfer sold 15,112 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $16.51, for a total value of $249,499.12. Following the completion of the sale, the executive vice president now owns 149,504 shares of the company’s stock, valued at approximately $2,468,311.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

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.

Read More: What is a short straddle?

Want to see what other hedge funds are holding CNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNO Financial Group Inc (NYSE:CNO).

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

Receive News & Ratings for CNO Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNO Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.