Denali Advisors LLC Buys Shares of 15,007 CNO Financial Group, Inc. $CNO

Key Points

• Denali Advisors LLC acquired a new stake in CNO Financial Group, purchasing 15,007 shares valued at approximately $579,000 in the second quarter.
• Institutional ownership of CNO Financial Group is strong, with 95.43% of its stock held by institutional investors and hedge funds.
• Analyst ratings on CNO Financial Group are mixed, with three analysts rating it a "Buy" and three a "Hold," while the consensus target price is $43.60.

Denali Advisors LLC bought a new stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,007 shares of the financial services provider's stock, valued at approximately $579,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. American Century Companies Inc. grew its stake in CNO Financial Group by 9.3% in the first quarter. American Century Companies Inc. now owns 2,938,034 shares of the financial services provider's stock valued at $122,369,000 after acquiring an additional 250,173 shares during the period. Allianz Asset Management GmbH grew its stake in CNO Financial Group by 70.9% in the second quarter. Allianz Asset Management GmbH now owns 1,546,745 shares of the financial services provider's stock valued at $59,673,000 after acquiring an additional 641,950 shares during the period. Allspring Global Investments Holdings LLC grew its stake in CNO Financial Group by 72.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,333,698 shares of the financial services provider's stock valued at $51,641,000 after acquiring an additional 561,327 shares during the period. Invesco Ltd. grew its stake in CNO Financial Group by 10.2% in the first quarter. Invesco Ltd. now owns 990,776 shares of the financial services provider's stock valued at $41,266,000 after acquiring an additional 91,550 shares during the period. Finally, Victory Capital Management Inc. grew its stake in CNO Financial Group by 1.6% in the first quarter. Victory Capital Management Inc. now owns 743,088 shares of the financial services provider's stock valued at $30,950,000 after acquiring an additional 11,983 shares during the period. 95.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CNO. Wall Street Zen cut CNO Financial Group from a "buy" rating to a "hold" rating in a research note on Saturday, October 11th. Keefe, Bruyette & Woods boosted their price target on CNO Financial Group from $44.00 to $45.00 and gave the company a "market perform" rating in a report on Thursday, October 9th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of CNO Financial Group in a research report on Wednesday, October 8th. Three research 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.60.

CNO Financial Group Stock Performance

CNO opened at $39.44 on Thursday. The business's 50-day simple moving average is $39.31 and its 200 day simple moving average is $38.23. CNO Financial Group, Inc. has a 52-week low of $34.10 and a 52-week high of $43.20. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market capitalization of $3.82 billion, a PE ratio of 14.55 and a beta of 0.90.

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

CNO Financial Group Dividend Announcement

The business also recently declared 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 of this dividend was Wednesday, September 10th. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. CNO Financial Group's payout ratio is 25.09%.

CNO Financial Group Company 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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