CNO Financial Group Inc (NYSE:CNO) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 4,450,000 shares, a drop of 12.7% from the September 30th total of 5,100,000 shares. Based on an average daily volume of 1,010,000 shares, the days-to-cover ratio is currently 4.4 days. Approximately 3.0% of the company’s stock are sold short.

A number of brokerages have recently weighed in on CNO. Citigroup reduced their price objective on shares of CNO Financial Group from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. Guggenheim lowered shares of CNO Financial Group to a “hold” rating and set a $29.00 price objective on the stock. in a report on Friday. ValuEngine lowered shares of CNO Financial Group from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Finally, Zacks Investment Research lowered shares of CNO Financial Group from a “hold” rating to a “sell” rating and set a $17.00 price objective on the stock. in a report on Thursday, September 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $21.00.

Shares of CNO traded up $0.75 during midday trading on Friday, reaching $18.28. The stock had a trading volume of 1,899,467 shares, compared to its average volume of 1,169,906. CNO Financial Group has a 1-year low of $13.64 and a 1-year high of $18.79. The company’s fifty day simple moving average is $15.91 and its two-hundred day simple moving average is $16.04. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 9.99 and a beta of 1.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.25 and a quick ratio of 0.25.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.02). CNO Financial Group had a return on equity of 6.77% and a net margin of 4.29%. The company had revenue of $944.00 million for the quarter, compared to analyst estimates of $953.60 million. During the same quarter in the prior year, the business earned $0.53 earnings per share. CNO Financial Group’s revenue was down 36.3% compared to the same quarter last year. On average, sell-side analysts forecast that CNO Financial Group will post 1.81 earnings per share for the current year.

In other news, Director Frederick James Sievert sold 9,415 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $15.94, for a total value of $150,075.10. Following the sale, the director now directly owns 65,555 shares in the company, valued at approximately $1,044,946.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. CNA Financial Corp raised its stake in CNO Financial Group by 2.8% during the 3rd quarter. CNA Financial Corp now owns 114,459 shares of the financial services provider’s stock worth $1,812,000 after acquiring an additional 3,100 shares in the last quarter. Eqis Capital Management Inc. raised its stake in CNO Financial Group by 20.9% during the 3rd quarter. Eqis Capital Management Inc. now owns 58,827 shares of the financial services provider’s stock worth $931,000 after acquiring an additional 10,162 shares in the last quarter. Boston Advisors LLC raised its stake in CNO Financial Group by 57.1% during the 3rd quarter. Boston Advisors LLC now owns 110,765 shares of the financial services provider’s stock worth $1,753,000 after acquiring an additional 40,270 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in CNO Financial Group by 105.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,584 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 4,413 shares in the last quarter. Finally, Paradice Investment Management LLC raised its stake in CNO Financial Group by 11.0% during the 3rd quarter. Paradice Investment Management LLC now owns 5,560,289 shares of the financial services provider’s stock worth $88,019,000 after acquiring an additional 552,200 shares in the last quarter. Hedge funds and other institutional investors own 97.67% of the company’s stock.

About CNO Financial Group

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments.

See Also: What is total return in investing?

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