Candriam S.C.A. Makes New Investment in CNO Financial Group, Inc. $CNO

Key Points

• Candriam S.C.A. has taken a new position in CNO Financial Group, acquiring 109,559 shares valued at approximately $4.56 million.
• CNO Financial Group recently reported earnings of $0.87 per share, surpassing expectations and generating revenues of $1.15 billion for the quarter.
• The company announced a quarterly dividend of $0.17 per share, representing an annualized yield of 1.7%.

Candriam S.C.A. purchased a new position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 109,559 shares of the financial services provider's stock, valued at approximately $4,563,000. Candriam S.C.A. owned about 0.11% of CNO Financial Group at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CNO. American Century Companies Inc. boosted its position in CNO Financial Group by 9.3% during the first quarter. American Century Companies Inc. now owns 2,938,034 shares of the financial services provider's stock worth $122,369,000 after acquiring an additional 250,173 shares during the last quarter. Invesco Ltd. lifted its stake in shares of CNO Financial Group by 10.2% during the 1st quarter. Invesco Ltd. now owns 990,776 shares of the financial services provider's stock worth $41,266,000 after purchasing an additional 91,550 shares during the period. Bank of America Corp DE boosted its holdings in shares of CNO Financial Group by 236.9% during the fourth quarter. Bank of America Corp DE now owns 922,411 shares of the financial services provider's stock worth $34,323,000 after purchasing an additional 648,591 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of CNO Financial Group by 6.6% during the first quarter. Allianz Asset Management GmbH now owns 904,795 shares of the financial services provider's stock worth $37,685,000 after purchasing an additional 56,388 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position 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 purchasing an additional 100,735 shares during the period. Institutional investors and hedge funds own 95.43% of the company's stock.

Insider Activity at CNO Financial Group

In other news, insider Michael E. Mead sold 12,581 shares of CNO Financial Group 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 transaction, the insider directly owned 15,729 shares of the company's stock, valued at $597,230.13. The trade was a 44.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.00% of the stock is currently owned by company insiders.

CNO Financial Group Trading Down 0.9%

NYSE CNO traded down $0.36 during trading hours on Thursday, hitting $39.26. 103,549 shares of the company's stock were exchanged, compared to its average volume of 705,094. The business's 50 day moving average is $37.55 and its 200-day moving average is $38.59. 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 12-month low of $31.40 and a 12-month high of $43.20. The firm has a market capitalization of $3.80 billion, a P/E ratio of 14.48 and a beta of 0.90.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.02. CNO Financial Group had a net margin of 6.41% and a return on equity of 16.63%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $971.25 million. During the same quarter in the prior year, the company posted $1.06 EPS. As a group, analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.17 per share. 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 is currently 25.09%.

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.