Foundry Partners LLC Trims Holdings in CNO Financial Group, Inc. (NYSE:CNO)

Foundry Partners LLC cut its stake in CNO Financial Group, Inc. (NYSE:CNO) by 4.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 999,636 shares of the financial services provider’s stock after selling 47,683 shares during the quarter. CNO Financial Group comprises about 0.8% of Foundry Partners LLC’s holdings, making the stock its 25th largest position. Foundry Partners LLC owned 0.78% of CNO Financial Group worth $23,531,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the stock. IndexIQ Advisors LLC boosted its stake in CNO Financial Group by 3.9% during the second quarter. IndexIQ Advisors LLC now owns 16,656 shares of the financial services provider’s stock valued at $393,000 after buying an additional 621 shares during the period. Advisor Group Holdings Inc. boosted its stake in CNO Financial Group by 15.7% during the second quarter. Advisor Group Holdings Inc. now owns 6,576 shares of the financial services provider’s stock valued at $155,000 after buying an additional 892 shares during the period. Millennium Management LLC boosted its stake in CNO Financial Group by 0.9% during the first quarter. Millennium Management LLC now owns 109,095 shares of the financial services provider’s stock valued at $2,650,000 after buying an additional 1,026 shares during the period. Bank of Montreal Can boosted its stake in CNO Financial Group by 7.6% during the second quarter. Bank of Montreal Can now owns 17,415 shares of the financial services provider’s stock valued at $408,000 after buying an additional 1,228 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in CNO Financial Group by 16.9% during the second quarter. Teacher Retirement System of Texas now owns 18,828 shares of the financial services provider’s stock valued at $445,000 after buying an additional 2,722 shares during the period. 97.47% of the stock is owned by institutional investors.

Shares of CNO stock opened at $24.28 on Friday. CNO Financial Group, Inc. has a 12-month low of $21.06 and a 12-month high of $27.89. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.55. The business has a 50-day moving average price of $24.75 and a two-hundred day moving average price of $24.44. The firm has a market cap of $2.99 billion, a P/E ratio of 9.71 and a beta of 1.36.

CNO Financial Group (NYSE:CNO) last released its earnings results on Tuesday, October 26th. The financial services provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.11. CNO Financial Group had a return on equity of 6.44% and a net margin of 10.60%. The company had revenue of $968.30 million during the quarter. During the same period last year, the firm posted $0.79 EPS. The company’s revenue was down 4.5% on a year-over-year basis. As a group, research analysts expect that CNO Financial Group, Inc. will post 2.52 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 24th. Stockholders of record on Friday, December 10th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Thursday, December 9th. CNO Financial Group’s dividend payout ratio (DPR) is presently 16.10%.

Several research firms recently issued reports on CNO. Zacks Investment Research lowered CNO Financial Group from a “strong-buy” rating to a “hold” rating and set a $28.00 price objective for the company. in a research note on Wednesday, November 10th. Piper Sandler raised CNO Financial Group from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $25.00 to $27.00 in a research note on Friday, September 10th.

CNO Financial Group Company Profile

CNO Financial Group, Inc is an insurance holding company, which engages in developing, marketing, and administering health insurance, annuity, individual life insurance and other insurance products. It operates through the following segments: Bankers Life, Washington National, and Colonial Penn. The Bankers Life segment markets and distributes medicare supplement insurance, interest-sensitive life insurance, traditional life insurance, fixed annuities and long-term care insurance products to the middle-income senior market through a dedicated field force of career agents and sales managers supported by a network of community-based sales offices.

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