Cetera Investment Advisers Purchases Shares of 17,343 CNO Financial Group, Inc. $CNO

Key Points

• Cetera Investment Advisers has invested approximately $722,000 in CNO Financial Group, acquiring 17,343 shares during the first quarter.
• Institutional investors now own 95.43% of CNO Financial Group's stock, with notable investments including Bank of America Corp, which increased its position by 236.9%.
• CNO Financial Group recently declared a quarterly dividend of $0.17 per share, resulting in an annualized dividend of $0.68 and a yield of 1.8%.

Cetera Investment Advisers acquired a new stake in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 17,343 shares of the financial services provider's stock, valued at approximately $722,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CNO. UMB Bank n.a. increased its holdings 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 acquiring an additional 477 shares during the period. Versant Capital Management Inc increased its stake in shares of CNO Financial Group by 148.6% in the first quarter. Versant Capital Management Inc now owns 1,099 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 657 shares during the period. Quarry LP raised its holdings in shares of CNO Financial Group by 137.8% during the fourth quarter. Quarry LP now owns 1,334 shares of the financial services provider's stock valued at $50,000 after buying an additional 773 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of CNO Financial Group during the first quarter worth approximately $92,000. Finally, GAMMA Investing LLC grew its holdings in CNO Financial Group by 25.0% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

Insider Activity

In related news, insider Michael E. Mead sold 12,581 shares of the business'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 owned 15,729 shares of the company's stock, valued at $597,230.13. The trade was a 44.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.38% of the stock is owned by company insiders.

CNO Financial Group Stock Performance

CNO traded up $0.31 during trading hours on Tuesday, hitting $38.08. The company's stock had a trading volume of 43,757 shares, compared to its average volume of 705,701. The company has a 50-day simple moving average of $37.31 and a 200 day simple moving average of $38.62. 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 firm has a market capitalization of $3.69 billion, a PE ratio of 14.08 and a beta of 0.90. CNO Financial Group, Inc. has a fifty-two week low of $31.40 and a fifty-two week high of $43.20.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates 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 period last year, the company earned $1.06 earnings per share. As a group, sell-side analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $0.68 annualized dividend and a dividend yield of 1.8%. CNO Financial Group's dividend payout ratio (DPR) is 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.