Tudor Investment Corp ET AL cut its position in CNO Financial Group, Inc. (NYSE:CNO) by 64.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 30,391 shares of the financial services provider’s stock after selling 54,371 shares during the period. Tudor Investment Corp ET AL’s holdings in CNO Financial Group were worth $623,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. increased its position in CNO Financial Group by 128.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,265 shares of the financial services provider’s stock valued at $131,000 after buying an additional 4,081 shares during the period. Envestnet Asset Management Inc. increased its position 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 valued at $185,000 after buying an additional 8,367 shares during the period. Teza Capital Management LLC acquired a new position in shares of CNO Financial Group during the first quarter valued at $219,000. Laurion Capital Management LP acquired a new position in shares of CNO Financial Group during the first quarter valued at $242,000. Finally, New York State Teachers Retirement System increased its position 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 valued at $250,000 after buying an additional 8,100 shares during the period. 95.34% of the stock is owned by institutional investors.

Shares of CNO Financial Group, Inc. (NYSE CNO) traded up 0.26% on Thursday, hitting $22.90. The stock had a trading volume of 930,482 shares. CNO Financial Group, Inc. has a 12 month low of $14.30 and a 12 month high of $23.67. The stock has a market cap of $3.87 billion, a P/E ratio of 10.09 and a beta of 1.21. The firm has a 50 day moving average of $21.13 and a 200 day moving average of $20.62.

CNO Financial Group declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 10th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the financial services provider to repurchase up to 8.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

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Several equities analysts recently weighed in on CNO shares. Zacks Investment Research downgraded shares of CNO Financial Group from a “hold” rating to a “sell” rating in a report on Monday, April 17th. ValuEngine upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Wells Fargo & Company reaffirmed a “hold” rating on shares of CNO Financial Group in a research note on Monday, June 5th. BidaskClub raised shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Finally, FBR & Co reaffirmed an “outperform” rating and set a $23.00 price objective on shares of CNO Financial Group in a research note on Wednesday, May 31st. Seven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. CNO Financial Group currently has a consensus rating of “Hold” and an average price target of $20.00.

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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