Vest Financial LLC Reduces Position in CNO Financial Group, Inc. $CNO

Key Points

• Vest Financial LLC has reduced its position in CNO Financial Group by 22.5%, owning 53,644 shares worth approximately $2.07 million after selling 15,581 shares in the second quarter.
• CNO Financial Group's stock opened at $40.04, with a market capitalization of $3.88 billion and a current P/E ratio of 14.78.
• The company recently announced a quarterly dividend of $0.17 per share, representing an annualized dividend of $0.68 and a yield of 1.7%.

Vest Financial LLC reduced its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 22.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,644 shares of the financial services provider's stock after selling 15,581 shares during the quarter. Vest Financial LLC owned about 0.05% of CNO Financial Group worth $2,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in CNO Financial Group by 10.4% in the first quarter. Blue Trust Inc. now owns 4,804 shares of the financial services provider's stock valued at $200,000 after acquiring an additional 451 shares in the last quarter. KLP Kapitalforvaltning AS lifted its position 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 valued at $810,000 after buying an additional 500 shares during the period. GAMMA Investing LLC lifted its position 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 valued at $119,000 after buying an additional 572 shares during the period. State of Wyoming raised its position in shares of CNO Financial Group by 6.1% in the 1st quarter. State of Wyoming now owns 10,602 shares of the financial services provider's stock worth $442,000 after purchasing an additional 611 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of CNO Financial Group by 13.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,483 shares of the financial services provider's stock worth $228,000 after purchasing an additional 633 shares during the last quarter. Institutional investors own 95.43% of the company's stock.

CNO Financial Group Price Performance

Shares of CNO stock opened at $40.04 on Wednesday. CNO Financial Group, Inc. has a 1-year low of $34.10 and a 1-year high of $43.20. The company has a market cap of $3.88 billion, a P/E ratio of 14.78 and a beta of 0.90. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.17 and a quick ratio of 0.17. The stock's 50-day moving average is $39.05 and its 200 day moving average is $38.27.

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 EPS for the quarter. The company had revenue of $968.30 million for the quarter. CNO Financial Group had a net margin of 6.41% and a return on equity of 16.63%. Research 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 company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders 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 presently 25.09%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CNO shares. Wall Street Zen downgraded CNO Financial Group from a "buy" rating to a "hold" rating in a research note on Saturday. 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 research note on Thursday, October 9th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of CNO Financial Group in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, CNO Financial Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.60.

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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