Caxton Associates LLP Buys New Holdings in CNO Financial Group, Inc. $CNO

Key Points

• Caxton Associates LLP has acquired a new position of 16,612 shares in CNO Financial Group, valued at approximately $692,000, during the 1st quarter.
• The company's stock is currently down by 0.4%, trading at $39.18 with a market cap of $3.80 billion and a P/E ratio of 14.46.
• CNO Financial Group announced a quarterly dividend of $0.17 per share, representing a 1.7% yield, with an ex-dividend date of September 10th.

Caxton Associates LLP bought a new stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,612 shares of the financial services provider's stock, valued at approximately $692,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Petrus Trust Company LTA purchased a new position in CNO Financial Group during the 1st quarter valued at about $349,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of CNO Financial Group by 1.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,757 shares of the financial services provider's stock worth $2,531,000 after purchasing an additional 797 shares in the last quarter. Interval Partners LP raised its position in shares of CNO Financial Group by 19.0% during the 1st quarter. Interval Partners LP now owns 38,661 shares of the financial services provider's stock worth $1,610,000 after purchasing an additional 6,174 shares during the last quarter. Hancock Whitney Corp lifted its stake in CNO Financial Group by 23.3% in the 1st quarter. Hancock Whitney Corp now owns 11,040 shares of the financial services provider's stock valued at $460,000 after buying an additional 2,083 shares in the last quarter. Finally, Clark Capital Management Group Inc. acquired a new stake in CNO Financial Group during the 1st quarter valued at $4,975,000. Institutional investors and hedge funds own 95.43% of the company's stock.

Insider Buying and Selling at CNO Financial Group

In other news, insider Michael E. Mead sold 12,581 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $37.97, for a total transaction of $477,700.57. Following the sale, the insider owned 15,729 shares in the company, valued at $597,230.13. This trade represents a 44.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is currently owned by corporate insiders.

CNO Financial Group Price Performance

Shares of NYSE CNO traded down $0.30 during trading on Friday, reaching $39.26. The company had a trading volume of 749,509 shares, compared to its average volume of 615,952. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.50. CNO Financial Group, Inc. has a twelve month low of $32.87 and a twelve month high of $43.20. The stock has a 50-day moving average price of $37.91 and a two-hundred day moving average price of $38.45. The stock has a market capitalization of $3.81 billion, a PE ratio of 14.49 and a beta of 0.90.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.02. The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $971.25 million. CNO Financial Group had a return on equity of 16.63% and a net margin of 6.41%.During the same quarter last year, the business posted $1.06 EPS. As a group, sell-side analysts predict that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $0.68 annualized dividend and a yield of 1.7%. CNO Financial Group's payout ratio is 25.09%.

CNO Financial Group Company Profile

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face.