Caxton Associates LLP Makes New Investment 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 first 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.

A number of other hedge funds and other institutional investors have also bought and sold shares of CNO. Neo Ivy Capital Management purchased a new stake in shares of CNO Financial Group during the first quarter worth about $28,000. UMB Bank n.a. lifted its stake in shares of CNO Financial Group by 89.7% during the 1st quarter. UMB Bank n.a. now owns 1,009 shares of the financial services provider's stock worth $42,000 after acquiring an additional 477 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of CNO Financial Group by 148.6% during the 1st quarter. Versant Capital Management Inc now owns 1,099 shares of the financial services provider's stock worth $46,000 after acquiring an additional 657 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in CNO Financial Group during the 1st quarter worth $92,000. Finally, GAMMA Investing LLC lifted its stake in CNO Financial Group by 25.0% in the first quarter. GAMMA Investing LLC now owns 2,861 shares of the financial services provider's stock worth $119,000 after acquiring an additional 572 shares during the period. Hedge funds and other institutional investors own 95.43% of the company's stock.

Insiders Place Their Bets

In related news, insider Michael E. Mead sold 12,581 shares of the business'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 transaction, the insider directly owned 15,729 shares in the company, valued at $597,230.13. The trade was a 44.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.38% of the stock is currently owned by company insiders.

CNO Financial Group Stock Down 2.0%

NYSE:CNO traded down $0.77 during mid-day trading on Tuesday, reaching $38.63. The company's stock had a trading volume of 100,947 shares, compared to its average volume of 700,780. CNO Financial Group, Inc. has a 1 year low of $33.85 and a 1 year high of $43.20. The stock has a fifty day moving average of $37.95 and a 200-day moving average of $38.42. The firm has a market capitalization of $3.74 billion, a PE ratio of 14.29 and a beta of 0.90. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.50.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.02. CNO Financial Group had a return on equity of 16.63% and a net margin of 6.41%.The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $971.25 million. During the same period last year, the business posted $1.06 EPS. Equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.8%. The ex-dividend date is Wednesday, September 10th. CNO Financial Group's payout ratio is 25.09%.

About CNO Financial Group

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.