Callan Family Office LLC Grows Holdings in CNO Financial Group, Inc. $CNO

Key Points

• Callan Family Office LLC increased its stake in CNO Financial Group by 193.2% during Q2, now holding 14,894 shares worth approximately $575,000.
• Institutional investors own 95.43% of CNO Financial Group, with notable increases in holdings from Blue Trust Inc., KLP Kapitalforvaltning AS, and PNC Financial Services Group.
• The stock has a consensus rating of "Moderate Buy" and an average target price of $43.60 following recent analyst ratings adjustments.

Callan Family Office LLC grew its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 193.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,894 shares of the financial services provider's stock after buying an additional 9,814 shares during the quarter. Callan Family Office LLC's holdings in CNO Financial Group were worth $575,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in shares of CNO Financial Group by 10.4% during the 1st quarter. Blue Trust Inc. now owns 4,804 shares of the financial services provider's stock valued at $200,000 after buying an additional 451 shares during the last quarter. KLP Kapitalforvaltning AS lifted its stake in CNO Financial Group by 2.4% during the second quarter. KLP Kapitalforvaltning AS now owns 21,000 shares of the financial services provider's stock worth $810,000 after purchasing an additional 500 shares during the last quarter. GAMMA Investing LLC lifted its stake in CNO Financial Group by 25.0% during the first quarter. GAMMA Investing LLC now owns 2,861 shares of the financial services provider's stock worth $119,000 after purchasing an additional 572 shares during the last quarter. State of Wyoming increased its position in CNO Financial Group by 6.1% in the first quarter. State of Wyoming now owns 10,602 shares of the financial services provider's stock worth $442,000 after buying an additional 611 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in CNO Financial Group by 13.1% in the first quarter. PNC Financial Services Group Inc. now owns 5,483 shares of the financial services provider's stock worth $228,000 after buying an additional 633 shares during the period. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CNO. Keefe, Bruyette & Woods increased their target price on CNO Financial Group from $44.00 to $45.00 and gave the stock a "market perform" rating in a research report on Thursday, October 9th. Wall Street Zen cut shares of CNO Financial Group from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Weiss Ratings restated a "buy (b)" rating on shares of CNO Financial Group in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, CNO Financial Group currently has a consensus rating of "Moderate Buy" and an average target price of $43.60.

CNO Financial Group Trading Up 1.6%

Shares of NYSE CNO opened at $40.04 on Wednesday. CNO Financial Group, Inc. has a one year low of $34.10 and a one year high of $43.20. The firm has a market capitalization of $3.88 billion, a PE ratio of 14.78 and a beta of 0.90. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.50. The business has a 50-day moving average price of $39.05 and a two-hundred day moving average price of $38.27.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its quarterly earnings data on Friday, May 19th. The financial services provider reported $0.84 EPS for the quarter. CNO Financial Group had a return on equity of 16.63% and a net margin of 6.41%.The firm had revenue of $968.30 million during the quarter. As a group, analysts predict that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 10th. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. CNO Financial Group's dividend payout ratio (DPR) is presently 25.09%.

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.

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