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

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. American Century Companies Inc. lifted its position in shares of CNO Financial Group by 9.3% during the 1st quarter. American Century Companies Inc. now owns 2,938,034 shares of the financial services provider's stock valued at $122,369,000 after acquiring an additional 250,173 shares during the period. Invesco Ltd. lifted its position 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 valued at $41,266,000 after acquiring an additional 91,550 shares during the period. Bank of America Corp DE lifted its position in shares of CNO Financial Group by 236.9% during 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 acquiring an additional 648,591 shares during the period. Allianz Asset Management GmbH lifted its position in shares of CNO Financial Group by 6.6% during 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 acquiring an additional 56,388 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of CNO Financial Group by 15.0% during 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 acquiring an additional 100,735 shares during the period. 95.43% of the stock is currently owned by institutional investors and hedge funds.

CNO Financial Group Price Performance

Shares of CNO stock traded up $0.07 during midday trading on Monday, reaching $39.49. 733,875 shares of the company traded hands, compared to its average volume of 620,315. The firm's 50 day simple moving average is $37.64 and its two-hundred day simple moving average is $38.53. CNO Financial Group, Inc. has a 1-year low of $31.40 and a 1-year high of $43.20. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market cap of $3.83 billion, a PE ratio of 14.57 and a beta of 0.90.

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 (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.02. CNO Financial Group had a return on equity of 16.63% and a net margin of 6.41%.The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $971.25 million. During the same period in the previous year, the firm posted $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 business 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 dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, September 10th. CNO Financial Group's payout ratio is currently 25.09%.

Insider Activity

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 stock was sold at an average price of $37.97, for a total transaction of $477,700.57. Following the completion of the transaction, the insider directly owned 15,729 shares in the company, valued at $597,230.13. The trade was a 44.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.00% of the stock is owned by corporate 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.