Invesco Ltd. Acquires 91,550 Shares of CNO Financial Group, Inc. $CNO

Key Points

• Invesco Ltd. increased its holdings in CNO Financial Group by 10.2%, owning approximately 990,776 shares valued at $41.3 million as of the latest SEC filing.
• CNO Financial Group reported a $0.87 EPS for the last quarter, beating analysts' expectations of $0.85, with a revenue of $1.15 billion.
• The company declared a quarterly dividend of $0.17 per share, with a yield of 1.8%, expected to be paid on September 24th to investors of record by September 10th.

Invesco Ltd. lifted its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 10.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 990,776 shares of the financial services provider's stock after purchasing an additional 91,550 shares during the period. Invesco Ltd. owned 1.00% of CNO Financial Group worth $41,266,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CNO. Bank of America Corp DE raised its position in shares of CNO Financial Group by 236.9% during the fourth quarter. Bank of America Corp DE now owns 922,411 shares of the financial services provider's stock worth $34,323,000 after purchasing an additional 648,591 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of CNO Financial Group during the fourth quarter worth about $15,093,000. Balyasny Asset Management L.P. acquired a new stake in shares of CNO Financial Group during the fourth quarter worth about $14,270,000. Nomura Holdings Inc. acquired a new stake in shares of CNO Financial Group during the fourth quarter worth about $5,906,000. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of CNO Financial Group by 3.1% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,285,783 shares of the financial services provider's stock worth $159,474,000 after purchasing an additional 130,342 shares during the period. Institutional investors own 95.43% of the company's stock.

Insider Transactions at CNO Financial Group

In related news, insider Michael E. Mead sold 12,581 shares of CNO Financial Group 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 sale, the insider owned 15,729 shares of the company's stock, valued at approximately $597,230.13. This trade represents a 44.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.00% of the company's stock.

CNO Financial Group Stock Up 2.3%

Shares of NYSE CNO traded up $0.8950 during mid-day trading on Friday, reaching $39.5650. 302,301 shares of the company's stock were exchanged, compared to its average volume of 707,443. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 14.61 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. The business has a fifty day simple moving average of $37.36 and a 200 day simple moving average of $38.61. CNO Financial Group, Inc. has a twelve month low of $31.40 and a twelve month 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 EPS for the quarter, topping 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 quarter last year, the firm posted $1.06 earnings per share. As a group, equities analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The company 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. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, September 10th. CNO Financial Group's dividend payout ratio (DPR) is currently 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.