CNO Financial Group, Inc. (NYSE:CNO) Stake Boosted by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. raised its stake in CNO Financial Group, Inc. (NYSE:CNO) by 14.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 136,853 shares of the financial services provider’s stock after buying an additional 17,667 shares during the period. UBS Asset Management Americas Inc. owned 0.08% of CNO Financial Group worth $2,805,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. World Asset Management Inc boosted its stake in CNO Financial Group by 0.8% in the first quarter. World Asset Management Inc now owns 12,448 shares of the financial services provider’s stock valued at $255,000 after buying an additional 94 shares in the last quarter. Capstone Asset Management Co. boosted its stake in CNO Financial Group by 2.0% in the first quarter. Capstone Asset Management Co. now owns 24,558 shares of the financial services provider’s stock valued at $503,000 after buying an additional 480 shares in the last quarter. Strs Ohio boosted its stake in CNO Financial Group by 2.4% in the first quarter. Strs Ohio now owns 25,400 shares of the financial services provider’s stock valued at $520,000 after buying an additional 600 shares in the last quarter. State Treasurer State of Michigan boosted its stake in CNO Financial Group by 1.0% in the first quarter. State Treasurer State of Michigan now owns 70,600 shares of the financial services provider’s stock valued at $1,447,000 after buying an additional 700 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in CNO Financial Group by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 61,331 shares of the financial services provider’s stock valued at $1,257,000 after buying an additional 800 shares in the last quarter. 94.77% of the stock is owned by institutional investors.

CNO Financial Group, Inc. (CNO) traded down 0.18% during mid-day trading on Friday, hitting $22.77. 1,168,314 shares of the stock traded hands. CNO Financial Group, Inc. has a 12 month low of $14.30 and a 12 month high of $23.67. The company has a market cap of $3.85 billion, a P/E ratio of 9.96 and a beta of 1.20. The company’s 50 day moving average is $21.01 and its 200 day moving average is $20.55.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.01 billion. CNO Financial Group had a net margin of 9.61% and a return on equity of 5.74%. CNO Financial Group’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 earnings per share. On average, analysts expect that CNO Financial Group, Inc. will post $1.55 earnings per share for the current fiscal year.

CNO Financial Group announced that its Board of Directors has authorized a stock buyback plan on Wednesday, May 10th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 8.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

TRADEMARK VIOLATION WARNING: “CNO Financial Group, Inc. (NYSE:CNO) Stake Boosted by UBS Asset Management Americas Inc.” was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this story on another publication, it was stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this story can be viewed at https://www.chaffeybreeze.com/2017/07/30/cno-financial-group-inc-nysecno-shares-bought-by-ubs-asset-management-americas-inc-updated-updated-updated.html.

CNO has been the topic of several recent analyst reports. BidaskClub upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. ValuEngine upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Zacks Investment Research upgraded shares of CNO Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Wells Fargo & Company restated a “hold” rating on shares of CNO Financial Group in a research report on Tuesday, June 20th. Finally, FBR & Co restated an “outperform” rating and set a $23.00 price objective on shares of CNO Financial Group in a research report on Wednesday, May 31st. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $20.00.

CNO Financial Group Company Profile

CNO Financial Group, Inc is a holding company for a group of insurance companies operating throughout the United States that develops, markets and administers health insurance, annuity, individual life insurance and other insurance products. The Company’s segments include Bankers Life, Washington National and Colonial Penn.

Institutional Ownership by Quarter for CNO Financial Group (NYSE:CNO)

Receive News & Ratings for CNO Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNO Financial Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply