Boston Partners Takes $1.49 Million Position in CNO Financial Group, Inc. $CNO

Boston Partners purchased a new stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 35,737 shares of the financial services provider's stock, valued at approximately $1,488,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Russell Investments Group Ltd. raised its position in shares of CNO Financial Group by 65.4% in the first quarter. Russell Investments Group Ltd. now owns 178,251 shares of the financial services provider's stock valued at $7,424,000 after buying an additional 70,479 shares in the last quarter. Callan Family Office LLC acquired a new stake in shares of CNO Financial Group in the first quarter valued at approximately $212,000. Nuveen LLC acquired a new stake in shares of CNO Financial Group in the first quarter valued at approximately $24,071,000. Invesco Ltd. raised its position in shares of CNO Financial Group by 10.2% in the first quarter. Invesco Ltd. now owns 990,776 shares of the financial services provider's stock valued at $41,266,000 after buying an additional 91,550 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of CNO Financial Group in the first quarter valued at approximately $259,000. 95.43% of the stock is currently owned by institutional investors and hedge funds.

CNO Financial Group Stock Down 1.3%

NYSE CNO opened at $37.60 on Monday. The company has a 50 day moving average of $37.32 and a 200-day moving average of $38.63. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 13.87 and a beta of 0.90. 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, Inc. has a 1-year low of $31.40 and a 1-year high of $43.20.

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 (EPS) 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 analysts' expectations 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 earnings per share. On average, equities research analysts expect that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

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 paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 10th. CNO Financial Group's dividend payout ratio (DPR) is 25.09%.

Insider Transactions at CNO Financial Group

In related news, insider Michael E. Mead sold 12,581 shares of CNO Financial Group 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 directly owned 15,729 shares of the company's stock, valued at $597,230.13. This trade represents a 44.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.38% of the stock is 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.

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