Duality Advisers LP Buys New Shares in CNO Financial Group Inc (NYSE:CNO)

Duality Advisers LP bought a new stake in CNO Financial Group Inc (NYSE:CNO) in the second quarter, HoldingsChannel.com reports. The firm bought 117,854 shares of the financial services provider’s stock, valued at approximately $1,835,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Pzena Investment Management LLC lifted its holdings in CNO Financial Group by 22.6% during the 1st quarter. Pzena Investment Management LLC now owns 8,298,324 shares of the financial services provider’s stock worth $102,816,000 after buying an additional 1,527,458 shares during the last quarter. State Street Corp lifted its holdings in CNO Financial Group by 1.7% during the 1st quarter. State Street Corp now owns 5,682,122 shares of the financial services provider’s stock worth $70,401,000 after buying an additional 94,830 shares during the last quarter. Paradice Investment Management LLC lifted its holdings in CNO Financial Group by 3.0% during the 1st quarter. Paradice Investment Management LLC now owns 5,656,507 shares of the financial services provider’s stock worth $70,084,000 after buying an additional 165,144 shares during the last quarter. Franklin Resources Inc. lifted its holdings in CNO Financial Group by 297.3% during the 1st quarter. Franklin Resources Inc. now owns 3,657,805 shares of the financial services provider’s stock worth $45,320,000 after buying an additional 2,737,105 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in CNO Financial Group by 8.4% during the 1st quarter. Wells Fargo & Company MN now owns 3,134,942 shares of the financial services provider’s stock worth $38,842,000 after buying an additional 243,268 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

A number of brokerages have issued reports on CNO. B. Riley raised CNO Financial Group from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $15.00 to $20.00 in a report on Friday, May 29th. Morgan Stanley lifted their price target on CNO Financial Group from $13.00 to $15.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Goldman Sachs Group raised CNO Financial Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $17.00 to $19.00 in a report on Thursday, June 18th. Piper Sandler boosted their target price on CNO Financial Group from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Finally, ValuEngine downgraded CNO Financial Group from a “sell” rating to a “strong sell” rating in a report on Friday, May 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $18.57.

Shares of CNO stock opened at $15.10 on Friday. The stock has a market capitalization of $2.17 billion, a PE ratio of 6.86 and a beta of 1.32. CNO Financial Group Inc has a 52-week low of $8.79 and a 52-week high of $20.93. The stock’s 50-day moving average price is $15.14 and its 200 day moving average price is $15.00. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.70.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.18. The firm had revenue of $717.20 million for the quarter, compared to analysts’ expectations of $961.59 million. CNO Financial Group had a return on equity of 6.97% and a net margin of 9.07%. The firm’s revenue for the quarter was down 29.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. Analysts expect that CNO Financial Group Inc will post 1.75 earnings per share for the current fiscal year.

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

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