CNO Financial Group, Inc. $CNO Shares Acquired by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its stake in CNO Financial Group by 32.3%, owning 85,154 shares valued at approximately $3.55 million after acquiring an additional 20,812 shares in the 1st quarter.
• CNO Financial Group reported earnings of $0.87 EPS for the last quarter, exceeding analyst estimates of $0.85, with a revenue of $1.15 billion, significantly above the consensus forecast.
• The company declared a quarterly dividend of $0.17 per share, to be paid on September 24th, representing an annualized dividend yield of 1.7%.

Intech Investment Management LLC lifted its stake in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 32.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 85,154 shares of the financial services provider's stock after buying an additional 20,812 shares during the quarter. Intech Investment Management LLC owned approximately 0.09% of CNO Financial Group worth $3,547,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CNO. Neo Ivy Capital Management acquired a new position in shares of CNO Financial Group during the first quarter worth about $28,000. UMB Bank n.a. grew its position in shares of CNO Financial Group by 89.7% during the first quarter. UMB Bank n.a. now owns 1,009 shares of the financial services provider's stock worth $42,000 after buying an additional 477 shares in the last quarter. Versant Capital Management Inc grew its position in shares of CNO Financial Group by 148.6% during the first quarter. Versant Capital Management Inc now owns 1,099 shares of the financial services provider's stock worth $46,000 after buying an additional 657 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of CNO Financial Group during the first quarter worth about $92,000. Finally, GAMMA Investing LLC grew its position in shares of CNO Financial Group by 25.0% during the first 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. 95.43% of the stock is owned by institutional investors and hedge funds.

CNO Financial Group Stock Up 1.4%

Shares of CNO Financial Group stock traded up $0.57 on Thursday, reaching $39.60. 941,434 shares of the company were exchanged, compared to its average volume of 633,916. CNO Financial Group, Inc. has a 1-year low of $33.85 and a 1-year high of $43.20. The company has a market cap of $3.84 billion, a P/E ratio of 14.61 and a beta of 0.90. 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 stock's 50 day moving average price is $38.07 and its 200-day moving average price is $38.41.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its earnings results on Monday, July 28th. The financial services provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.02. The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations 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 earnings per share. As a group, equities analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Announces Dividend

The company 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. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, September 10th. CNO Financial Group's dividend payout ratio is presently 25.09%.

Insider Buying and Selling at CNO Financial Group

In other news, insider Michael E. Mead sold 12,581 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $37.97, for a total value of $477,700.57. Following the completion of the sale, the insider directly owned 15,729 shares of the company's stock, valued at approximately $597,230.13. This represents a 44.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.00% 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.