American Century Companies Inc. Has $122.37 Million Stock Holdings in CNO Financial Group, Inc. $CNO

Key Points

• American Century Companies Inc. increased its stake in CNO Financial Group by 9.3%, acquiring an additional 250,173 shares, bringing their total ownership to approximately 2.96%, valued at $122.37 million.
• CNO Financial Group's stock price opened at $37.60, reflecting a 1.3% decrease in value, with a market capitalization of $3.64 billion.
• The company announced a quarterly dividend of $0.17 per share, with an annualized dividend of $0.68, positioning the dividend yield at 1.8%.

American Century Companies Inc. raised its stake in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 9.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,938,034 shares of the financial services provider's stock after acquiring an additional 250,173 shares during the quarter. American Century Companies Inc. owned approximately 2.96% of CNO Financial Group worth $122,369,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of CNO Financial Group by 5.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,701 shares of the financial services provider's stock valued at $571,000 after buying an additional 744 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of CNO Financial Group by 15.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 772,371 shares of the financial services provider's stock valued at $32,424,000 after buying an additional 100,735 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 valued at $119,000 after buying an additional 572 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of CNO Financial Group by 42.0% in the first quarter. Robeco Institutional Asset Management B.V. now owns 8,471 shares of the financial services provider's stock valued at $353,000 after buying an additional 2,507 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of CNO Financial Group in the first quarter valued at about $806,000. 95.43% of the stock is owned by institutional investors.

CNO Financial Group Trading Down 0.1%

NYSE:CNO traded down $0.0440 on Thursday, hitting $38.6560. 643,057 shares of the stock were exchanged, compared to its average volume of 708,924. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 14.26 and a beta of 0.90. CNO Financial Group, Inc. has a 52 week low of $31.40 and a 52 week high of $43.20. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.17 and a current ratio of 0.17. The company's 50-day moving average price is $37.34 and its 200 day moving average price is $38.61.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced 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 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 period in the previous year, the business posted $1.06 EPS. On average, equities research analysts forecast that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.8%. CNO Financial Group's dividend payout ratio is 25.09%.

Insider Activity at CNO Financial Group

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

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.