Boston Partners purchased a new position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 35,737 shares of the financial services provider's stock, valued at approximately $1,488,000.
A number of other large investors also recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. lifted its position in shares of CNO Financial Group by 3.1% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,285,783 shares of the financial services provider's stock worth $159,474,000 after buying an additional 130,342 shares during the last quarter. Invesco Ltd. lifted its position in CNO Financial Group by 10.2% in the 1st quarter. Invesco Ltd. now owns 990,776 shares of the financial services provider's stock valued at $41,266,000 after purchasing an additional 91,550 shares during the last quarter. Bank of America Corp DE lifted its position in CNO Financial Group by 236.9% in 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 last quarter. Allianz Asset Management GmbH lifted its position in CNO Financial Group by 6.6% in the 1st quarter. Allianz Asset Management GmbH now owns 904,795 shares of the financial services provider's stock valued at $37,685,000 after purchasing an additional 56,388 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in 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 during the last quarter. 95.43% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, insider Michael E. Mead sold 12,581 shares of CNO Financial Group stock in a transaction dated 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 document filed with the SEC, which is available through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.
CNO Financial Group Stock Performance
NYSE:CNO traded up $0.92 during mid-day trading on Friday, hitting $39.59. The stock had a trading volume of 160,130 shares, compared to its average volume of 706,603. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 14.62 and a beta of 0.90. The company has a 50 day simple moving average of $37.36 and a 200-day simple moving average of $38.61. CNO Financial Group, Inc. has a 52 week low of $31.40 and a 52 week high of $43.20. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.50.
CNO Financial Group (NYSE:CNO - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.02. The firm 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 firm posted $1.06 EPS. On average, research analysts expect that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.
CNO Financial Group Dividend Announcement
The company also recently disclosed 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. 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 (DPR) is currently 25.09%.
CNO Financial Group Profile
(
Free Report)
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.
Further Reading
Before you consider CNO Financial Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CNO Financial Group wasn't on the list.
While CNO Financial Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
