25,000 Shares in CNO Financial Group, Inc. $CNO Acquired by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. bought a new stake in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 25,000 shares of the financial services provider's stock, valued at approximately $1,041,000.

A number of other large investors also recently added to or reduced their stakes in CNO. Bank of America Corp DE lifted its position in CNO Financial Group by 236.9% during the 4th quarter. Bank of America Corp DE now owns 922,411 shares of the financial services provider's stock valued at $34,323,000 after purchasing an additional 648,591 shares during the period. Nuveen LLC acquired a new position in CNO Financial Group during the 1st quarter valued at about $24,071,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in CNO Financial Group during the 4th quarter valued at about $15,093,000. American Century Companies Inc. lifted its position in CNO Financial Group by 9.3% during the 1st quarter. American Century Companies Inc. now owns 2,938,034 shares of the financial services provider's stock valued at $122,369,000 after purchasing an additional 250,173 shares during the period. Finally, Nomura Holdings Inc. acquired a new position in CNO Financial Group during the 4th quarter valued at about $5,906,000. 95.43% of the stock is currently owned by institutional investors and hedge funds.

CNO Financial Group Trading Down 0.8%

CNO Financial Group stock traded down $0.30 during trading hours on Friday, reaching $39.26. 749,509 shares of the company's stock traded hands, compared to its average volume of 615,952. 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, Inc. has a fifty-two week low of $32.87 and a fifty-two week high of $43.20. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 14.49 and a beta of 0.90. The firm's 50 day moving average is $37.91 and its 200-day moving average is $38.45.

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 for the quarter, beating analysts' consensus estimates of $0.85 by $0.02. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate 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 period last year, the company posted $1.06 EPS. On average, analysts predict that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Wednesday, September 10th. CNO Financial Group's dividend payout ratio (DPR) is currently 25.09%.

Insider Buying and Selling at CNO Financial Group

In related news, insider Michael E. Mead sold 12,581 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $37.97, for a total value of $477,700.57. Following the sale, the insider directly owned 15,729 shares in the company, valued at $597,230.13. This trade represents a 44.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.00% of the stock is owned by corporate insiders.

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.