Fuller & Thaler Asset Management Inc. Boosts Position in CNO Financial Group, Inc. (CNO)
Fuller & Thaler Asset Management Inc. increased its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 1.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,840,902 shares of the financial services provider’s stock after buying an additional 61,252 shares during the quarter. CNO Financial Group accounts for about 1.7% of Fuller & Thaler Asset Management Inc.’s portfolio, making the stock its 11th biggest holding. Fuller & Thaler Asset Management Inc. owned about 3.48% of CNO Financial Group worth $136,327,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. grew its stake in CNO Financial Group by 15.8% in the second quarter. Victory Capital Management Inc. now owns 1,255,682 shares of the financial services provider’s stock valued at $26,219,000 after purchasing an additional 171,722 shares in the last quarter. Engineers Gate Manager LP grew its stake in CNO Financial Group by 271.9% in the second quarter. Engineers Gate Manager LP now owns 90,830 shares of the financial services provider’s stock valued at $1,897,000 after purchasing an additional 66,409 shares in the last quarter. Tudor Investment Corp ET AL grew its stake in CNO Financial Group by 52.8% in the second quarter. Tudor Investment Corp ET AL now owns 46,436 shares of the financial services provider’s stock valued at $970,000 after purchasing an additional 16,045 shares in the last quarter. SG Americas Securities LLC grew its stake in CNO Financial Group by 45.6% in the second quarter. SG Americas Securities LLC now owns 81,829 shares of the financial services provider’s stock valued at $1,709,000 after purchasing an additional 25,629 shares in the last quarter. Finally, Rafferty Asset Management LLC bought a new position in CNO Financial Group in the second quarter valued at approximately $4,693,000. Institutional investors and hedge funds own 92.56% of the company’s stock.
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CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.06. CNO Financial Group had a return on equity of 5.88% and a net margin of 11.41%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the firm posted $0.37 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. analysts forecast that CNO Financial Group, Inc. will post 1.65 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Monday, December 11th will be given a $0.09 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.50%. CNO Financial Group’s payout ratio is 13.00%.
A number of research analysts have weighed in on the company. Goldman Sachs Group, Inc. (The) assumed coverage on CNO Financial Group in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $24.00 price target for the company. Zacks Investment Research downgraded CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. BidaskClub upgraded CNO Financial Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd. Wells Fargo & Company set a $22.00 price target on CNO Financial Group and gave the company a “hold” rating in a research note on Wednesday, October 25th. Finally, Morgan Stanley downgraded CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 price target for the company. 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, three have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $22.25.
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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