CNO Financial Group, Inc. $CNO Shares Bought by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in CNO Financial Group by 75.1%, acquiring 195,208 shares valued at approximately $8,130,000.
• CNO Financial Group reported a quarterly earnings per share of $0.87, exceeding analysts' estimates of $0.85, with a revenue of $1.15 billion.
• The company announced a quarterly dividend of $0.17 per share, with an annualized dividend yield of 1.8%, payable on September 24th.

Deutsche Bank AG increased its stake in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 75.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 195,208 shares of the financial services provider's stock after purchasing an additional 83,710 shares during the period. Deutsche Bank AG owned approximately 0.19% of CNO Financial Group worth $8,130,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted 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 worth $571,000 after purchasing an additional 744 shares during the period. Allspring Global Investments Holdings LLC boosted 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 worth $32,424,000 after purchasing an additional 100,735 shares during the period. GAMMA Investing LLC boosted 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 worth $119,000 after purchasing an additional 572 shares during the period. Robeco Institutional Asset Management B.V. boosted 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 worth $353,000 after purchasing an additional 2,507 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of CNO Financial Group during the 1st quarter worth approximately $806,000. Hedge funds and other institutional investors own 95.43% of the company's stock.

Insider Transactions at CNO Financial Group

In other CNO Financial Group news, insider Michael E. Mead sold 12,581 shares of the stock in a transaction that occurred 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 sale, 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 filing with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is currently owned by company insiders.

CNO Financial Group Trading Up 2.1%

Shares of NYSE:CNO traded up $0.7850 during mid-day trading on Wednesday, reaching $38.7050. 986,239 shares of the company were exchanged, compared to its average volume of 752,140. 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 firm has a market cap of $3.75 billion, a price-to-earnings ratio of 14.28 and a beta of 0.90. The firm's 50-day simple moving average is $37.34 and its 200 day simple moving average is $38.61. 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 posted its quarterly earnings data 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. The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations 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 quarter last year, the company posted $1.06 EPS. Equities research analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, September 10th. This represents a $0.68 dividend on an annualized basis and a yield of 1.8%. CNO Financial Group's dividend payout ratio is 25.09%.

CNO Financial Group Company 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.