Charles Schwab Investment Management Inc. Has $46.06 Million Stake in CNO Financial Group, Inc. $CNO

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. cut its position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 6.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 1.10% of CNO Financial Group worth $46,064,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Neo Ivy Capital Management acquired a new stake in shares of CNO Financial Group in the 1st quarter valued at about $28,000. UMB Bank n.a. grew 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 valued at $42,000 after buying an additional 477 shares during the period. Versant Capital Management Inc grew its stake in shares of CNO Financial Group by 148.6% in the 1st quarter. Versant Capital Management Inc now owns 1,099 shares of the financial services provider's stock valued at $46,000 after buying an additional 657 shares during the period. Quarry LP grew its stake in shares of CNO Financial Group by 137.8% in the 4th 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 period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of CNO Financial Group in the 1st quarter valued at about $92,000. 95.43% of the stock is currently owned by institutional investors and hedge funds.

CNO Financial Group Stock Up 2.2%

Shares of CNO traded up $0.8330 during trading hours on Wednesday, hitting $38.7530. The stock had a trading volume of 285,030 shares, compared to its average volume of 705,956. 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 50 day simple moving average of $37.31 and a 200-day simple moving average of $38.61. The firm has a market capitalization of $3.76 billion, a P/E ratio of 14.30 and a beta of 0.90. CNO Financial Group, Inc. has a 1-year low of $31.40 and a 1-year high of $43.20.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.02. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate 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 previous year, the business earned $1.06 EPS. Sell-side analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, September 10th. This represents a $0.68 dividend on an annualized basis and a yield of 1.8%. CNO Financial Group's payout ratio is 25.09%.

Insider Transactions at CNO Financial Group

In other CNO Financial Group news, insider Michael E. Mead sold 12,581 shares of CNO Financial Group stock in a transaction dated 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 owned 15,729 shares in the company, valued at approximately $597,230.13. The trade was a 44.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.