IndexIQ Advisors LLC trimmed its position in shares of CNO Financial Group Inc (NYSE:CNO) by 24.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,131 shares of the financial services provider’s stock after selling 15,912 shares during the period. IndexIQ Advisors LLC’s holdings in CNO Financial Group were worth $909,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Aigen Investment Management LP acquired a new stake in shares of CNO Financial Group in the 4th quarter worth approximately $113,000. Tower Research Capital LLC TRC lifted its stake in shares of CNO Financial Group by 105.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 8,584 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 4,413 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of CNO Financial Group in the 3rd quarter worth approximately $172,000. Strs Ohio lifted its stake in shares of CNO Financial Group by 18.3% in the 4th quarter. Strs Ohio now owns 11,000 shares of the financial services provider’s stock worth $199,000 after acquiring an additional 1,700 shares during the period. Finally, Ibex Investors LLC acquired a new stake in shares of CNO Financial Group in the 3rd quarter worth approximately $177,000. 97.77% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Joel H. Schwartz sold 1,717 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $18.21, for a total transaction of $31,266.57. Following the sale, the insider now owns 23,603 shares in the company, valued at $429,810.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.
CNO Financial Group (NYSE:CNO) last released its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.09. CNO Financial Group had a net margin of 10.19% and a return on equity of 6.51%. The business had revenue of $1.07 billion for the quarter. On average, analysts anticipate that CNO Financial Group Inc will post 2.05 earnings per share for the current year.
A number of analysts have recently weighed in on the stock. Guggenheim lowered shares of CNO Financial Group to a “hold” rating and set a $29.00 price target for the company. in a research note on Friday, November 15th. TheStreet raised shares of CNO Financial Group from a “c+” rating to a “b-” rating in a research note on Tuesday, November 26th. ValuEngine lowered shares of CNO Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Zacks Investment Research raised shares of CNO Financial Group from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Monday, January 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $21.67.
About CNO Financial Group
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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