CNO Financial Group, Inc. $CNO Stock Holdings Lifted by Invesco Ltd.

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 CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 10.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 990,776 shares of the financial services provider's stock after acquiring an additional 91,550 shares during the period. Invesco Ltd. owned approximately 1.00% of CNO Financial Group worth $41,266,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of CNO Financial Group in the first quarter valued at $259,000. Ontario Teachers Pension Plan Board purchased a new position in shares of CNO Financial Group in the first quarter valued at $607,000. Deutsche Bank AG boosted its stake in shares of CNO Financial Group by 75.1% in the first quarter. Deutsche Bank AG now owns 195,208 shares of the financial services provider's stock valued at $8,130,000 after purchasing an additional 83,710 shares during the period. New Age Alpha Advisors LLC boosted its stake in shares of CNO Financial Group by 2,838.2% in the first quarter. New Age Alpha Advisors LLC now owns 93,464 shares of the financial services provider's stock valued at $3,893,000 after purchasing an additional 90,283 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of CNO Financial Group by 13.1% in the first quarter. PNC Financial Services Group Inc. now owns 5,483 shares of the financial services provider's stock valued at $228,000 after purchasing an additional 633 shares during the period. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CNO Financial Group news, insider Michael E. Mead sold 12,581 shares of the 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 transaction, the insider directly owned 15,729 shares in the company, valued at $597,230.13. This represents a 44.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.00% of the stock is owned by company insiders.

CNO Financial Group Stock Up 2.4%

Shares of CNO stock traded up $0.9470 on Friday, hitting $39.6170. The stock had a trading volume of 658,291 shares, compared to its average volume of 755,870. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 14.62 and a beta of 0.90. The stock's 50 day moving average is $37.41 and its 200-day moving average is $38.60. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.17 and a current ratio of 0.17. CNO Financial Group, Inc. has a 52-week low of $31.40 and a 52-week 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 for the quarter, beating the consensus estimate 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 net margin of 6.41% and a return on equity of 16.63%. During the same period in the prior year, the firm earned $1.06 earnings per share. As a group, research analysts expect 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 disclosed 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. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, September 10th. CNO Financial Group's dividend 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.