Strs Ohio Takes $1.24 Million Position in CNO Financial Group, Inc. $CNO

Key Points

• Strs Ohio has taken a new position in CNO Financial Group, purchasing 29,700 shares valued at approximately $1.24 million during the 1st quarter.
• CNO Financial Group reported earnings of $0.87 per share for the last quarter, exceeding expectations of $0.85, alongside a revenue of $1.15 billion.
• The company will pay a $0.17 quarterly dividend on September 24th, resulting in a 1.7% dividend yield.

Strs Ohio 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 13F filing with the SEC. The institutional investor bought 29,700 shares of the financial services provider's stock, valued at approximately $1,237,000.

Other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of CNO Financial Group by 5.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,701 shares of the financial services provider's stock valued at $571,000 after purchasing an additional 744 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of CNO Financial Group by 15.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 772,371 shares of the financial services provider's stock valued at $32,424,000 after purchasing an additional 100,735 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of CNO Financial Group by 25.0% in the 1st quarter. GAMMA Investing LLC now owns 2,861 shares of the financial services provider's stock valued at $119,000 after purchasing an additional 572 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of CNO Financial Group by 42.0% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 8,471 shares of the financial services provider's stock valued at $353,000 after purchasing an additional 2,507 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of CNO Financial Group in the 1st quarter valued at about $806,000. Institutional investors and hedge funds 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 stock in a transaction dated Monday, July 7th. The shares were 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 represents a 44.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.38% of the stock is currently owned by company insiders.

CNO Financial Group Stock Up 0.2%

Shares of CNO Financial Group stock traded up $0.06 during trading on Friday, reaching $39.64. The company had a trading volume of 3,887,737 shares, compared to its average volume of 810,255. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 14.63 and a beta of 0.90. CNO Financial Group, Inc. has a fifty-two week low of $33.85 and a fifty-two week high of $43.20. The firm's fifty day moving average is $38.14 and its 200-day moving average is $38.38. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.17 and a current ratio of 0.17.

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

CNO Financial Group Dividend Announcement

The firm also recently disclosed 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. 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 dividend payout ratio is 25.09%.

CNO Financial Group 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.