World Asset Management Inc decreased its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 1.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 12,272 shares of the financial services provider’s stock after selling 176 shares during the period. World Asset Management Inc’s holdings in CNO Financial Group were worth $256,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Oakbrook Investments LLC boosted its position in shares of CNO Financial Group by 1.6% in the second quarter. Oakbrook Investments LLC now owns 12,700 shares of the financial services provider’s stock worth $265,000 after buying an additional 200 shares during the period. Argent Capital Management LLC boosted its position in shares of CNO Financial Group by 2.4% in the first quarter. Argent Capital Management LLC now owns 20,305 shares of the financial services provider’s stock worth $416,000 after buying an additional 470 shares during the period. Capstone Asset Management Co. boosted its position in shares of CNO Financial Group by 2.0% in the first quarter. Capstone Asset Management Co. now owns 24,558 shares of the financial services provider’s stock worth $503,000 after buying an additional 480 shares during the period. Strs Ohio boosted its position in shares of CNO Financial Group by 2.4% in the first quarter. Strs Ohio now owns 25,400 shares of the financial services provider’s stock worth $520,000 after buying an additional 600 shares during the period. Finally, Advantus Capital Management Inc boosted its position in shares of CNO Financial Group by 3.2% in the first quarter. Advantus Capital Management Inc now owns 22,252 shares of the financial services provider’s stock worth $456,000 after buying an additional 683 shares during the period. 97.08% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CNO Financial Group, Inc. (NYSE CNO) opened at 22.51 on Friday. CNO Financial Group, Inc. has a 1-year low of $14.30 and a 1-year high of $23.95. The company has a 50 day moving average price of $22.14 and a 200 day moving average price of $20.93. The company has a market capitalization of $3.80 billion, a PE ratio of 9.84 and a beta of 1.22.

CNO Financial Group announced that its board has authorized a share buyback program on Wednesday, May 10th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 8.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Monday, September 11th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Friday, September 8th. CNO Financial Group’s dividend payout ratio (DPR) is currently 15.72%.

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A number of research analysts have recently issued reports on the company. Zacks Investment Research raised CNO Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Wells Fargo & Company reaffirmed a “hold” rating on shares of CNO Financial Group in a research note on Tuesday, June 20th. BidaskClub raised CNO Financial Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd. 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. Finally, Morgan Stanley cut CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 price objective on the stock. in a research note on Monday. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.29.

About CNO Financial Group

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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