Huber Capital Management Lowers stake in CNO Financial Group Inc (CNO)

CNO Financial Group Inc (CNO) : Huber Capital Management reduced its stake in CNO Financial Group Inc by 14.27% during the most recent quarter end. The investment management company now holds a total of 6,382,618 shares of CNO Financial Group Inc which is valued at $97,909,360 after selling 1,062,021 shares in CNO Financial Group Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.CNO Financial Group Inc makes up approximately 3.78% of Huber Capital Management’s portfolio.

Other Hedge Funds, Including , Jefferies Group added CNO to its portfolio by purchasing 11,658 company shares during the most recent quarter which is valued at $178,834. CNO Financial Group Inc makes up approx 0.01% of Jefferies Group’s portfolio.Tiaa Cref Investment Management reduced its stake in CNO by selling 138,538 shares or 13.96% in the most recent quarter. The Hedge Fund company now holds 854,046 shares of CNO which is valued at $13,101,066. CNO Financial Group Inc makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio. Dynamic Technology Lab Private Ltd added CNO to its portfolio by purchasing 52,441 company shares during the most recent quarter which is valued at $804,445. CNO Financial Group Inc makes up approx 0.20% of Dynamic Technology Lab Private Ltd’s portfolio.Tower Research Capital (trc) boosted its stake in CNO in the latest quarter, The investment management firm added 16,320 additional shares and now holds a total of 16,820 shares of CNO Financial Group Inc which is valued at $258,019. CNO Financial Group Inc makes up approx 0.02% of Tower Research Capital (trc)’s portfolio.California Public Employees Retirement System reduced its stake in CNO by selling 17,400 shares or 2.61% in the most recent quarter. The Hedge Fund company now holds 649,100 shares of CNO which is valued at $9,898,775. CNO Financial Group Inc makes up approx 0.02% of California Public Employees Retirement System’s portfolio.

CNO Financial Group Inc opened for trading at $15.81 and hit $16.185 on the upside on Monday, eventually ending the session at $16.12, with a gain of 1.83% or 0.29 points. The heightened volatility saw the trading volume jump to 14,69,081 shares. Company has a market cap of $2,823 M.

On the company’s financial health, CNO Financial Group Inc reported $0.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $0.32. The company had revenue of $960.40 million for the quarter, compared to analysts expectations of $971.07 million. The company’s revenue was down -1.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.

Investors should note that on Aug 10, 2016, CNO Financial Group Inc announced a cash dividend of $0.0800. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Sep 23, 2016.

CNO Financial Group Inc. is a holding company for a group of insurance companies operating throughout the United States that develop market and administer health insurance annuity individual life insurance and other insurance products. The Company manages its business through three operating segments: Bankers Life Washington National and Colonial Penn. Bankers Life markets and distributes Medicare supplement insurance interest-sensitive life insurance traditional life insurance fixed annuities and long-term care insurance products. Washington National markets and distributes supplemental health including specified disease accident and hospital indemnity insurance products and life insurance. Colonial Penn markets primarily graded benefit and simplified issue life insurance.

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