CNO Financial Group, Inc. (NYSE:CNO) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $24.51 and last traded at $24.51, with a volume of 276,184 shares. The stock had previously closed at $24.25.

A number of research firms have recently issued reports on CNO. BidaskClub raised shares of CNO Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Zacks Investment Research raised shares of CNO Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Wells Fargo & Company reissued a “hold” rating on shares of CNO Financial Group in a research report on Tuesday, June 20th. Morgan Stanley cut shares of CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 price target on the stock. in a research report on Monday, August 14th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. CNO Financial Group has an average rating of “Hold” and an average target price of $22.00.

The stock has a market cap of $4.14 billion, a PE ratio of 10.72 and a beta of 1.20. The firm’s 50-day moving average is $22.97 and its 200 day moving average is $21.67.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Monday, September 11th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Friday, September 8th. CNO Financial Group’s dividend payout ratio is presently 15.72%.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in CNO Financial Group by 13,916.4% during the 1st quarter. BlackRock Inc. now owns 16,909,850 shares of the financial services provider’s stock worth $346,652,000 after purchasing an additional 16,789,207 shares in the last quarter. Vanguard Group Inc. increased its position in CNO Financial Group by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 14,843,457 shares of the financial services provider’s stock worth $309,930,000 after purchasing an additional 129,269 shares in the last quarter. State Street Corp increased its position in CNO Financial Group by 0.4% during the 2nd quarter. State Street Corp now owns 6,989,735 shares of the financial services provider’s stock worth $145,947,000 after purchasing an additional 25,050 shares in the last quarter. JPMorgan Chase & Co. increased its position in CNO Financial Group by 6.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,467,334 shares of the financial services provider’s stock worth $135,037,000 after purchasing an additional 400,415 shares in the last quarter. Finally, LSV Asset Management increased its position in CNO Financial Group by 11.4% during the 2nd quarter. LSV Asset Management now owns 4,831,708 shares of the financial services provider’s stock worth $100,886,000 after purchasing an additional 492,800 shares in the last quarter. Hedge funds and other institutional investors own 95.01% of the company’s stock.

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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.

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