Capital Fund Management S.A. Buys Shares of 15,163 CNO Financial Group, Inc. $CNO

Key Points

• Capital Fund Management S.A. has made a new investment of approximately $632,000 in CNO Financial Group by acquiring 15,163 shares during the first quarter of the year.
• Insider Michael E. Mead sold 12,581 shares of CNO Financial Group at an average price of $37.97, resulting in a significant decrease in his ownership of the stock.
• CNO Financial Group recently announced a quarterly dividend of $0.17 per share, which will be paid to shareholders on September 24th, yielding an annualized dividend of $0.68.

Capital Fund Management S.A. bought a new stake in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 15,163 shares of the financial services provider's stock, valued at approximately $632,000.

A number of other institutional investors and hedge funds have also modified their holdings of CNO. Mariner LLC lifted its holdings in CNO Financial Group by 6.7% in the fourth quarter. Mariner LLC now owns 6,116 shares of the financial services provider's stock valued at $228,000 after acquiring an additional 385 shares during the period. Blue Trust Inc. lifted its stake in shares of CNO Financial Group by 10.4% in the 1st quarter. Blue Trust Inc. now owns 4,804 shares of the financial services provider's stock worth $200,000 after purchasing an additional 451 shares during the period. UMB Bank n.a. lifted its stake in shares of CNO Financial Group by 89.7% in the 1st quarter. UMB Bank n.a. now owns 1,009 shares of the financial services provider's stock worth $42,000 after purchasing an additional 477 shares during the period. GAMMA Investing LLC boosted its holdings in shares of CNO Financial Group by 25.0% in the first quarter. GAMMA Investing LLC now owns 2,861 shares of the financial services provider's stock worth $119,000 after buying an additional 572 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in CNO Financial Group by 13.1% during the first quarter. PNC Financial Services Group Inc. now owns 5,483 shares of the financial services provider's stock valued at $228,000 after buying an additional 633 shares during the period. Institutional investors own 95.43% of the company's stock.

CNO Financial Group Stock Performance

Shares of NYSE:CNO traded up $0.07 during midday trading on Monday, hitting $39.49. The company had a trading volume of 733,875 shares, compared to its average volume of 620,315. CNO Financial Group, Inc. has a 12-month low of $31.40 and a 12-month high of $43.20. The company has a fifty day moving average of $37.66 and a two-hundred day moving average of $38.51. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 14.57 and a beta of 0.90. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.17 and a quick ratio of 0.17.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its 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 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 quarter last year, the business earned $1.06 EPS. On average, equities research analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be paid 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%.

Insider Buying and Selling

In other news, insider Michael E. Mead sold 12,581 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $37.97, for a total transaction of $477,700.57. Following the sale, the insider directly owned 15,729 shares of the company's stock, valued at $597,230.13. This represents a 44.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.38% 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.