Eagle Asset Management Inc. lifted its position in shares of CNO Financial Group Inc (NYSE:CNO) by 43.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 733,515 shares of the financial services provider’s stock after acquiring an additional 221,625 shares during the period. Eagle Asset Management Inc.’s holdings in CNO Financial Group were worth $11,868,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of CNO Financial Group by 5.9% during the fourth quarter. BlackRock Inc. now owns 20,673,231 shares of the financial services provider’s stock worth $307,616,000 after acquiring an additional 1,159,018 shares during the last quarter. LSV Asset Management grew its position in shares of CNO Financial Group by 0.5% during the fourth quarter. LSV Asset Management now owns 6,057,134 shares of the financial services provider’s stock worth $90,130,000 after acquiring an additional 33,000 shares during the last quarter. Paradice Investment Management LLC grew its position in shares of CNO Financial Group by 5.9% during the fourth quarter. Paradice Investment Management LLC now owns 4,299,748 shares of the financial services provider’s stock worth $63,980,000 after acquiring an additional 238,384 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of CNO Financial Group by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 2,791,645 shares of the financial services provider’s stock worth $59,239,000 after acquiring an additional 21,185 shares during the last quarter. Finally, Norges Bank bought a new position in shares of CNO Financial Group during the fourth quarter worth about $39,053,000. Institutional investors and hedge funds own 96.79% of the company’s stock.
In related news, CFO Erik M. Helding sold 11,845 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $16.08, for a total value of $190,467.60. Following the completion of the transaction, the chief financial officer now owns 78,445 shares in the company, valued at approximately $1,261,395.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles J. Jacklin bought 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was bought at an average price of $16.47 per share, with a total value of $115,290.00. The disclosure for this purchase can be found here. Corporate insiders own 1.50% of the company’s stock.
CNO Financial Group (NYSE:CNO) last announced its earnings results on Monday, April 29th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.04). The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $951.93 million. CNO Financial Group had a negative net margin of 8.03% and a positive return on equity of 7.75%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS. Equities research analysts expect that CNO Financial Group Inc will post 2.02 EPS for the current fiscal year.
A number of brokerages recently issued reports on CNO. ValuEngine upgraded shares of CNO Financial Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research lowered shares of CNO Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $21.00 target price on shares of CNO Financial Group in a research report on Thursday, February 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $21.00.
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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.
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