CNO Financial Group Inc (NYSE:CNO) saw a large growth in short interest in July. As of July 31st, there was short interest totalling 4,559,800 shares, a growth of 8.3% from the June 30th total of 4,210,900 shares. Currently, 2.9% of the company’s stock are sold short. Based on an average trading volume of 965,900 shares, the short-interest ratio is presently 4.7 days.

CNO stock traded down $0.62 during trading on Wednesday, reaching $14.75. The stock had a trading volume of 555,068 shares, compared to its average volume of 1,022,161. CNO Financial Group has a one year low of $13.64 and a one year high of $22.19. The stock has a 50 day moving average price of $16.40. The stock has a market cap of $2.40 billion, a P/E ratio of 8.06 and a beta of 1.22. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.25 and a quick ratio of 0.25.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $0.48 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. CNO Financial Group had a negative net margin of 9.67% and a positive return on equity of 7.71%. The firm had revenue of $979.80 million for the quarter, compared to analysts’ expectations of $956.66 million. During the same quarter last year, the company posted $0.49 EPS. The business’s quarterly revenue was down 6.4% on a year-over-year basis. Equities research analysts anticipate that CNO Financial Group will post 1.9 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be given a dividend of $0.11 per share. The ex-dividend date is Monday, September 9th. This represents a $0.44 dividend on an annualized basis and a yield of 2.98%. CNO Financial Group’s dividend payout ratio (DPR) is currently 24.04%.

Institutional investors have recently modified their holdings of the business. Pzena Investment Management LLC bought a new position in shares of CNO Financial Group in the first quarter worth approximately $38,903,000. Paradice Investment Management LLC increased its position in CNO Financial Group by 14.0% during the second quarter. Paradice Investment Management LLC now owns 5,008,089 shares of the financial services provider’s stock valued at $83,535,000 after acquiring an additional 614,372 shares during the last quarter. Wells Fargo & Company MN increased its position in CNO Financial Group by 14.9% during the second quarter. Wells Fargo & Company MN now owns 2,564,993 shares of the financial services provider’s stock valued at $42,783,000 after acquiring an additional 332,027 shares during the last quarter. Renaissance Technologies LLC increased its position in CNO Financial Group by 24.1% during the second quarter. Renaissance Technologies LLC now owns 1,187,600 shares of the financial services provider’s stock valued at $19,809,000 after acquiring an additional 230,700 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its position in CNO Financial Group by 43.3% during the first quarter. Eagle Asset Management Inc. now owns 733,515 shares of the financial services provider’s stock valued at $11,868,000 after acquiring an additional 221,625 shares during the last quarter. 95.38% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on the stock. ValuEngine upgraded shares of CNO Financial Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 8th. Zacks Investment Research downgraded shares of CNO Financial Group from a “hold” rating to a “sell” rating and set a $18.00 price target for the company. in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. CNO Financial Group currently has a consensus rating of “Hold” and an average price target of $19.50.

CNO Financial Group Company Profile

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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