Pacer Advisors Inc. Has $253,000 Stake in CNO Financial Group, Inc. (NYSE:CNO)

Key Points

• Pacer Advisors Inc. reduced its stake in CNO Financial Group by 75.3%, now holding 6,073 shares valued at approximately $253,000.
• In contrast, Bank of America Corp DE significantly increased its position in CNO Financial Group by 236.9%, adding 648,591 shares to its holdings.
• CNO Financial Group reported earnings of $0.87 EPS for the last quarter, surpassing expectations and confirming a strong revenue of $1.15 billion.

Pacer Advisors Inc. lowered its position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 75.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 6,073 shares of the financial services provider's stock after selling 18,507 shares during the quarter. Pacer Advisors Inc.'s holdings in CNO Financial Group were worth $253,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CNO. Mariner LLC boosted its holdings in CNO Financial Group by 6.7% in the 4th quarter. Mariner LLC now owns 6,116 shares of the financial services provider's stock worth $228,000 after acquiring an additional 385 shares during the period. Blue Trust Inc. increased its position in CNO Financial Group by 10.4% in the first quarter. Blue Trust Inc. now owns 4,804 shares of the financial services provider's stock worth $200,000 after buying an additional 451 shares during the period. UMB Bank n.a. increased its holdings 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 valued at $42,000 after purchasing an additional 477 shares during the period. GAMMA Investing LLC increased its holdings 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 valued at $119,000 after purchasing an additional 572 shares during the period. Finally, CWM LLC increased its holdings in shares of CNO Financial Group by 27.7% during the first quarter. CWM LLC now owns 3,007 shares of the financial services provider's stock valued at $125,000 after purchasing an additional 653 shares during the period. Hedge funds and other institutional investors own 95.43% of the company's stock.

Insider Transactions at CNO Financial Group

In other 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 transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.38% of the stock is owned by company insiders.

CNO Financial Group Price Performance

CNO stock traded up $0.72 during trading hours on Wednesday, hitting $36.96. 263,051 shares of the stock traded hands, compared to its average volume of 715,455. The stock has a 50-day simple moving average of $37.43 and a 200 day simple moving average of $38.75. CNO Financial Group, Inc. has a one year low of $30.99 and a one year high of $43.20. The company has a market cap of $3.66 billion, a P/E ratio of 13.64 and a beta of 0.90. The company has a current ratio of 0.17, a quick ratio of 0.18 and a debt-to-equity ratio of 1.50.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The financial services provider reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.02. CNO Financial Group had a return on equity of 16.63% and a net margin of 6.41%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $971.25 million. During the same period last year, the business earned $1.06 EPS. Equities analysts forecast that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Profile

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.