Paradice Investment Management buys $45.6 Million stake in CNO Financial Group Inc (CNO)

CNO Financial Group Inc (CNO) : Paradice Investment Management scooped up 126,103 additional shares in CNO Financial Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 2,398,805 shares of CNO Financial Group Inc which is valued at $45.6 Million.CNO Financial Group Inc makes up approximately 6.06% of Paradice Investment Management’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in CNO in the latest quarter, The investment management firm added 118,972 additional shares and now holds a total of 12,711,195 shares of CNO Financial Group Inc which is valued at $241.4 Million. CNO Financial Group Inc makes up approx 0.02% of Vanguard Group Inc’s portfolio.Raymond James Associates boosted its stake in CNO in the latest quarter, The investment management firm added 80,399 additional shares and now holds a total of 136,440 shares of CNO Financial Group Inc which is valued at $2.6 Million. CNO Financial Group Inc makes up approx 0.01% of Raymond James Associates’s portfolio.Ubs Asset Management Americas Inc reduced its stake in CNO by selling 23,297 shares or 11.44% in the most recent quarter. The Hedge Fund company now holds 180,335 shares of CNO which is valued at $3.4 Million.Liberty Mutual Group Asset Management reduced its stake in CNO by selling 50,159 shares or 40.48% in the most recent quarter. The Hedge Fund company now holds 73,752 shares of CNO which is valued at $1.4 Million. CNO Financial Group Inc makes up approx 0.06% of Liberty Mutual Group Asset Management’s portfolio.Schwab Charles Investment Management Inc boosted its stake in CNO in the latest quarter, The investment management firm added 79,280 additional shares and now holds a total of 1,132,553 shares of CNO Financial Group Inc which is valued at $21.2 Million. CNO Financial Group Inc makes up approx 0.03% of Schwab Charles Investment Management Inc’s portfolio.

CNO Financial Group Inc opened for trading at $20.2 and hit $20.5101 on the upside on Wednesday, eventually ending the session at $20.29, with a gain of 1.05% or 0.21 points. The heightened volatility saw the trading volume jump to 12,02,071 shares. Company has a market cap of $3,634 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.

Many Wall Street Analysts have commented on CNO Financial Group Inc. Company shares were Reiterated by Deutsche Bank on May 2, 2016 to “Hold”, Firm has raised the Price Target to $ 20 from a previous price target of $19 .

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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