Sterling Capital Management LLC bought a new position in CNO Financial Group, Inc. (NYSE:CNO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 74,398 shares of the financial services provider’s stock, valued at approximately $1,553,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Susquehanna International Group LLP increased its stake in shares of CNO Financial Group by 392.7% in the second quarter. Susquehanna International Group LLP now owns 65,528 shares of the financial services provider’s stock worth $1,368,000 after buying an additional 52,228 shares during the period. Nomura Holdings Inc. increased its stake in shares of CNO Financial Group by 21.3% in the second quarter. Nomura Holdings Inc. now owns 23,257 shares of the financial services provider’s stock worth $486,000 after buying an additional 4,079 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of CNO Financial Group in the second quarter worth $545,000. BlueCrest Capital Management Ltd purchased a new position in shares of CNO Financial Group in the second quarter worth $372,000. Finally, State Street Corp increased its stake in shares of CNO Financial Group by 0.4% in the second quarter. State Street Corp now owns 6,989,735 shares of the financial services provider’s stock worth $145,947,000 after buying an additional 25,050 shares during the period. 95.01% of the stock is currently owned by institutional investors.

WARNING: This story was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States and international trademark & copyright law. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/10/20/sterling-capital-management-llc-takes-1-55-million-position-in-cno-financial-group-inc-cno.html.

Several research analysts recently commented on CNO shares. BidaskClub raised shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. ValuEngine raised shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Zacks Investment Research raised shares of CNO Financial Group from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Monday, August 7th. Goldman Sachs Group, Inc. (The) started coverage on shares of CNO Financial Group in a research note on Wednesday. They issued a “neutral” rating and a $24.00 target price on the stock. Finally, Morgan Stanley downgraded shares of CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 target price on the stock. in a research note on Monday, August 14th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. CNO Financial Group presently has an average rating of “Hold” and an average price target of $22.29.

CNO Financial Group, Inc. (NYSE CNO) opened at 24.65 on Friday. The firm’s 50-day moving average is $23.20 and its 200-day moving average is $21.76. The stock has a market capitalization of $4.17 billion, a P/E ratio of 10.78 and a beta of 1.20. CNO Financial Group, Inc. has a 12 month low of $14.85 and a 12 month high of $24.78.

The company also recently declared a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 11th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, September 8th. This represents a $0.36 annualized dividend and a dividend yield of 1.46%. CNO Financial Group’s dividend payout ratio is currently 15.72%.

CNO Financial Group 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)

Receive News & Stock Ratings for CNO Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNO Financial Group Inc. and related stocks with our FREE daily email newsletter.