American Century Companies Inc. Has $122.37 Million 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 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 Securities & Exchange Commission. The institutional investor owned 2,938,034 shares of the financial services provider's stock after purchasing an additional 250,173 shares during the quarter. American Century Companies Inc. owned approximately 2.96% of CNO Financial Group worth $122,369,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. LPL Financial LLC boosted its stake in shares of CNO Financial Group by 5.1% during the 4th quarter. LPL Financial LLC now owns 18,679 shares of the financial services provider's stock worth $695,000 after acquiring an additional 907 shares during the period. Wells Fargo & Company MN increased its stake in shares of CNO Financial Group by 29.7% during the fourth quarter. Wells Fargo & Company MN now owns 66,255 shares of the financial services provider's stock worth $2,465,000 after purchasing an additional 15,178 shares during the period. Bank of Montreal Can boosted its stake in CNO Financial Group by 7.3% in the 4th quarter. Bank of Montreal Can now owns 25,551 shares of the financial services provider's stock valued at $951,000 after purchasing an additional 1,733 shares during the period. Raymond James Financial Inc. acquired a new position in shares of CNO Financial Group during the 4th quarter worth approximately $2,295,000. Finally, Barclays PLC lifted its position in shares of CNO Financial Group by 22.1% during the 4th quarter. Barclays PLC now owns 267,567 shares of the financial services provider's stock valued at $9,957,000 after acquiring an additional 48,426 shares during the period. Institutional investors own 95.43% of the company's stock.

CNO Financial Group Price Performance

Shares of CNO traded up $1.0010 during mid-day trading on Friday, reaching $39.6710. The company had a trading volume of 200,389 shares, compared to its average volume of 706,851. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 14.64 and a beta of 0.90. CNO Financial Group, Inc. has a 1-year low of $31.40 and a 1-year 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 simple moving average is $37.36 and its 200 day simple moving average is $38.61.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its quarterly earnings results 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 company 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 previous year, the business earned $1.06 earnings per share. Analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

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

Insider Transactions at CNO Financial Group

In other news, insider Michael E. Mead sold 12,581 shares of the business's 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 transaction, the insider owned 15,729 shares in the company, valued at approximately $597,230.13. The trade was a 44.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.00% of the company's stock.

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.