Vanguard Personalized Indexing Management LLC Invests $369,000 in CNO Financial Group, Inc. (NYSE:CNO)

Vanguard Personalized Indexing Management LLC bought a new stake in CNO Financial Group, Inc. (NYSE:CNO) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,639 shares of the financial services provider’s stock, valued at approximately $369,000.

A number of other large investors have also recently bought and sold shares of CNO. Financial Management Professionals Inc. purchased a new stake in shares of CNO Financial Group in the first quarter valued at $28,000. Quadrant Capital Group LLC raised its stake in CNO Financial Group by 133.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,813 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 1,038 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new position in CNO Financial Group in the 1st quarter valued at about $49,000. Assetmark Inc. lifted its holdings in CNO Financial Group by 42.1% in the 1st quarter. Assetmark Inc. now owns 2,645 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 783 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of CNO Financial Group by 11.5% during the 1st quarter. US Bancorp DE now owns 4,548 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 469 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

CNO Financial Group Price Performance

CNO Financial Group stock opened at $23.35 on Wednesday. CNO Financial Group, Inc. has a 1 year low of $17.48 and a 1 year high of $26.35. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a 50 day moving average price of $24.04 and a 200 day moving average price of $23.20. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 12.23 and a beta of 1.14.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Monday, July 31st. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.15). The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $915.17 million. CNO Financial Group had a net margin of 5.66% and a return on equity of 14.49%. Sell-side analysts predict that CNO Financial Group, Inc. will post 2.64 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, September 7th. This represents a $0.60 annualized dividend and a yield of 2.57%. CNO Financial Group’s dividend payout ratio is presently 31.41%.

Insider Transactions at CNO Financial Group

In other news, CMO Rocco F. Tarasi III sold 2,000 shares of the business’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $22.84, for a total transaction of $45,680.00. Following the completion of the sale, the chief marketing officer now owns 77,468 shares in the company, valued at approximately $1,769,369.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 3,500 shares of company stock worth $83,555 in the last three months. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CNO. Royal Bank of Canada cut their price objective on shares of CNO Financial Group from $30.00 to $29.00 and set an “outperform” rating for the company in a research report on Wednesday, August 2nd. StockNews.com began coverage on CNO Financial Group in a report on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Raymond James started coverage on CNO Financial Group in a research note on Thursday, June 29th. They set a “market perform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, CNO Financial Group currently has an average rating of “Hold” and a consensus target price of $25.50.

CNO Financial Group Profile

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face.