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 position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 75.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 195,208 shares of the financial services provider's stock after buying an additional 83,710 shares during the quarter. Deutsche Bank AG owned 0.19% of CNO Financial Group worth $8,130,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. New Age Alpha Advisors LLC boosted its holdings in shares of CNO Financial Group by 2,838.2% during the 1st quarter. New Age Alpha Advisors LLC now owns 93,464 shares of the financial services provider's stock valued at $3,893,000 after buying an additional 90,283 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in CNO Financial Group by 13.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,483 shares of the financial services provider's stock worth $228,000 after acquiring an additional 633 shares in the last quarter. Natixis Advisors LLC purchased a new stake in CNO Financial Group in the 1st quarter worth approximately $493,000. XTX Topco Ltd purchased a new stake in CNO Financial Group in the 1st quarter worth approximately $990,000. Finally, FourThought Financial Partners LLC purchased a new stake in CNO Financial Group during the 1st quarter valued at approximately $255,000. 95.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Michael E. Mead sold 12,581 shares of the company's 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 in the company, valued at $597,230.13. This represents a 44.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.38% of the company's stock.

CNO Financial Group Price Performance

CNO traded up $0.0230 during trading on Tuesday, reaching $37.7930. 194,742 shares of the company traded hands, compared to its average volume of 706,691. The firm has a fifty day simple moving average of $37.31 and a 200 day simple moving average of $38.62. CNO Financial Group, Inc. has a 12-month low of $31.40 and a 12-month high of $43.20. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market cap of $3.66 billion, a P/E ratio of 13.95 and a beta of 0.90.

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, beating analysts' consensus estimates of $0.85 by $0.02. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates 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 last year, the firm posted $1.06 earnings per share. On average, equities analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors 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 1.8%. The ex-dividend date is Wednesday, September 10th. CNO Financial Group's payout ratio is presently 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.