CNO Financial Group, Inc. (CNO) Position Increased by Capstone Asset Management Co.

Capstone Asset Management Co. boosted its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 2.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,198 shares of the financial services provider’s stock after buying an additional 640 shares during the period. Capstone Asset Management Co.’s holdings in CNO Financial Group were worth $526,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CNO. Envestnet Asset Management Inc. boosted its stake in shares of CNO Financial Group by 1,250.7% in the first quarter. Envestnet Asset Management Inc. now owns 9,036 shares of the financial services provider’s stock worth $185,000 after buying an additional 8,367 shares in the last quarter. Teza Capital Management LLC purchased a new stake in shares of CNO Financial Group during the first quarter worth $219,000. Laurion Capital Management LP purchased a new stake in shares of CNO Financial Group during the first quarter worth $242,000. New York State Teachers Retirement System boosted its stake in shares of CNO Financial Group by 197.6% in the first quarter. New York State Teachers Retirement System now owns 12,200 shares of the financial services provider’s stock worth $250,000 after buying an additional 8,100 shares in the last quarter. Finally, World Asset Management Inc boosted its stake in shares of CNO Financial Group by 0.8% in the first quarter. World Asset Management Inc now owns 12,448 shares of the financial services provider’s stock worth $255,000 after buying an additional 94 shares in the last quarter. Institutional investors own 97.08% of the company’s stock.

Shares of CNO Financial Group, Inc. (CNO) traded down 0.89% on Friday, reaching $22.31. The company had a trading volume of 1,984,185 shares. CNO Financial Group, Inc. has a 12 month low of $14.30 and a 12 month high of $23.95. The stock has a 50 day moving average price of $22.18 and a 200-day moving average price of $20.95. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 9.76 and a beta of 1.22.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 11th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Friday, September 8th. CNO Financial Group’s payout ratio is currently 15.72%.

CNO Financial Group announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, May 10th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the financial services provider to buy up to 8.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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CNO has been the subject of a number of research reports. BidaskClub upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. ValuEngine upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Zacks Investment Research upgraded CNO Financial Group from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Monday, August 7th. Wells Fargo & Company restated a “hold” rating on shares of CNO Financial Group in a research note on Tuesday, June 20th. Finally, FBR & Co restated an “outperform” rating and set a $23.00 price target on shares of CNO Financial Group in a research note on Wednesday, May 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $21.29.

CNO Financial Group Company Profile

CNO Financial Group, Inc is a holding company for a group of insurance companies operating throughout the United States that develops, markets and administers health insurance, annuity, individual life insurance and other insurance products. The Company’s segments include Bankers Life, Washington National and Colonial Penn.

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

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