JPMorgan Chase & Co. Sells 314,845 Shares of CNO Financial Group, Inc. (CNO)
JPMorgan Chase & Co. lowered its stake in CNO Financial Group, Inc. (NYSE:CNO) by 4.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,152,489 shares of the financial services provider’s stock after selling 314,845 shares during the period. JPMorgan Chase & Co. owned approximately 3.67% of CNO Financial Group worth $145,630,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNO. Zurcher Kantonalbank Zurich Cantonalbank grew its position in CNO Financial Group by 9.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,976 shares of the financial services provider’s stock worth $146,000 after acquiring an additional 622 shares in the last quarter. Riverhead Capital Management LLC grew its position in CNO Financial Group by 71.3% in the second quarter. Riverhead Capital Management LLC now owns 9,252 shares of the financial services provider’s stock worth $193,000 after acquiring an additional 3,852 shares in the last quarter. Trexquant Investment LP purchased a new position in CNO Financial Group in the second quarter worth about $202,000. Zweig DiMenna Associates LLC purchased a new position in CNO Financial Group in the second quarter worth about $280,000. Finally, Catalyst Capital Advisors LLC purchased a new position in CNO Financial Group in the second quarter worth about $282,000. Institutional investors own 94.46% of the company’s stock.
Several research firms recently commented on CNO. Wells Fargo & Company set a $22.00 price target on CNO Financial Group and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Goldman Sachs Group began coverage on CNO Financial Group in a research report on Wednesday, October 18th. They issued a “neutral” rating and a $24.00 price target for the company. Zacks Investment Research lowered CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. B. Riley reiterated a “buy” rating on shares of CNO Financial Group in a research report on Monday, November 6th. Finally, Morgan Stanley lowered 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 report 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 assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $22.25.
CNO Financial Group (NYSE:CNO) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the business earned $0.37 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. equities research analysts forecast that CNO Financial Group, Inc. will post 1.65 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Monday, December 11th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, December 8th. This represents a $0.36 annualized dividend and a dividend yield of 1.43%. CNO Financial Group’s dividend payout ratio (DPR) is presently 13.00%.
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.
Want to see what other hedge funds are holding CNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNO Financial Group, Inc. (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.