Algert Global LLC Boosts Stock Holdings in CNO Financial Group, Inc. $CNO

Key Points

• Algert Global LLC increased its holdings in CNO Financial Group by 26.3%, acquiring an additional 43,343 shares, and now owns about 0.21% of the company valued at approximately $8.66 million.
• CNO Financial Group recently reported earnings of $0.87 per share for the last quarter, exceeding the consensus estimate of $0.85, along with a revenue of $1.15 billion.
• The company announced a quarterly dividend of $0.17 per share to be paid on September 24th, representing an annualized dividend yield of 1.8%.

Algert Global LLC grew its position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 26.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,870 shares of the financial services provider's stock after purchasing an additional 43,343 shares during the period. Algert Global LLC owned approximately 0.21% of CNO Financial Group worth $8,658,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its position in shares of CNO Financial Group by 5.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,701 shares of the financial services provider's stock valued at $571,000 after purchasing an additional 744 shares in the last quarter. Allspring Global Investments Holdings LLC grew 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 purchasing an additional 100,735 shares in the last quarter. GAMMA Investing LLC grew its position in shares of CNO Financial Group by 25.0% during the 1st quarter. GAMMA Investing LLC now owns 2,861 shares of the financial services provider's stock valued at $119,000 after purchasing an additional 572 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of CNO Financial Group by 42.0% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 8,471 shares of the financial services provider's stock valued at $353,000 after purchasing an additional 2,507 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of CNO Financial Group during the 1st quarter valued at $806,000. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CNO Financial Group

In related news, insider Michael E. Mead sold 12,581 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $37.97, for a total value of $477,700.57. Following the completion of the transaction, the insider directly owned 15,729 shares in the company, valued at approximately $597,230.13. The trade was a 44.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.00% of the company's stock.

CNO Financial Group Price Performance

Shares of CNO traded up $0.9470 during mid-day trading on Friday, reaching $39.6170. 658,291 shares of the stock traded hands, compared to its average volume of 755,870. The firm has a fifty day moving average price of $37.41 and a 200 day moving average price of $38.61. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 14.62 and a beta of 0.90. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.50. 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 announced its earnings results 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 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 analyst estimates of $971.25 million. During the same period in the previous year, the business earned $1.06 earnings per share. As a group, equities research analysts predict that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a $0.17 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $0.68 annualized dividend and a yield of 1.7%. CNO Financial Group's payout ratio is 25.09%.

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.