Candriam S.C.A. Takes Position 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 stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 109,559 shares of the financial services provider's stock, valued at approximately $4,563,000. Candriam S.C.A. owned approximately 0.11% of CNO Financial Group as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Capital Fund Management S.A. bought a new stake in shares of CNO Financial Group in the 1st quarter valued at approximately $632,000. Hsbc Holdings PLC grew its stake in shares of CNO Financial Group by 19.8% in the 1st quarter. Hsbc Holdings PLC now owns 17,544 shares of the financial services provider's stock valued at $730,000 after buying an additional 2,904 shares in the last quarter. Versor Investments LP grew its stake in shares of CNO Financial Group by 558.8% in the 1st quarter. Versor Investments LP now owns 59,419 shares of the financial services provider's stock valued at $2,475,000 after buying an additional 50,400 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of CNO Financial Group in the 1st quarter valued at approximately $136,000. Finally, Algert Global LLC grew its stake in shares of CNO Financial Group by 26.3% in the 1st quarter. Algert Global LLC now owns 207,870 shares of the financial services provider's stock valued at $8,658,000 after buying an additional 43,343 shares in the last quarter. Institutional investors own 95.43% of the company's stock.

Insider Buying and Selling at CNO Financial Group

In other news, insider Michael E. Mead sold 12,581 shares of the stock in a transaction that occurred on 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 approximately $597,230.13. This represents a 44.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.00% of the company's stock.

CNO Financial Group Stock Performance

CNO Financial Group stock traded up $0.23 during trading hours on Tuesday, reaching $39.23. 880,880 shares of the company were exchanged, compared to its average volume of 709,479. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 14.47 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. The stock has a 50-day moving average of $37.45 and a 200 day moving average of $38.57. CNO Financial Group, Inc. has a 12 month low of $31.40 and a 12 month high of $43.20.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its earnings results on Monday, July 28th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the business earned $1.06 earnings per share. As a group, research analysts anticipate 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 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. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. CNO Financial Group's dividend payout ratio is presently 25.09%.

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.