CNO Financial Group, Inc. $CNO Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its holdings in CNO Financial Group by 6.9%, selling 82,164 shares, and now owns approximately 1.10% of the company worth about $46 million.
• 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.
• CNO Financial Group reported a quarterly earnings of $0.87 EPS, exceeding analysts' expectations, and announced a $0.17 per share dividend to be paid on September 24th.

Charles Schwab Investment Management Inc. reduced its position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 6.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,105,969 shares of the financial services provider's stock after selling 82,164 shares during the period. Charles Schwab Investment Management Inc. owned about 1.10% of CNO Financial Group worth $46,064,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. grew its stake in CNO Financial Group by 3.1% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,285,783 shares of the financial services provider's stock worth $159,474,000 after acquiring an additional 130,342 shares during the period. Bank of America Corp DE grew its stake 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 buying an additional 648,591 shares during the period. Allianz Asset Management GmbH grew its stake 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 buying an additional 56,388 shares during the period. Allspring Global Investments Holdings LLC grew its stake 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 buying an additional 100,735 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of CNO Financial Group by 1.6% during the 1st quarter. Victory Capital Management Inc. now owns 743,088 shares of the financial services provider's stock valued at $30,950,000 after buying an additional 11,983 shares during the period. 95.43% of the stock is owned by hedge funds and other institutional investors.

CNO Financial Group Trading Down 0.1%

Shares of NYSE CNO traded down $0.0440 during trading on Thursday, hitting $38.6560. 644,089 shares of the company traded hands, compared to its average volume of 763,776. CNO Financial Group, Inc. has a 1 year low of $31.40 and a 1 year high of $43.20. The company has a 50-day moving average price of $37.36 and a 200-day moving average price of $38.61. The firm has a market capitalization of $3.75 billion, a P/E ratio of 14.26 and a beta of 0.90. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.50.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $971.25 million. During the same period in the previous year, the company earned $1.06 EPS. On average, equities analysts predict 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 paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.68 annualized dividend and a dividend yield of 1.8%. CNO Financial Group's payout ratio is currently 25.09%.

Insider Activity

In other news, insider Michael E. Mead sold 12,581 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $37.97, for a total transaction of $477,700.57. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is owned by corporate insiders.

CNO Financial Group 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.