Dimensional Fund Advisors LP Cuts Position in CNO Financial Group, Inc. $CNO

Key Points

• Dimensional Fund Advisors LP reduced its holdings in CNO Financial Group by 7.1%, owning approximately 3.42% of the company, valued at $141 million after selling 260,987 shares in Q1.
• CNO Financial Group reported earnings of $0.87 per share for the last quarter, exceeding estimates, and announced a quarterly dividend of $0.17 per share, which reflects an annual yield of 1.8%.
• Insider Michael E. Mead sold 12,581 shares of CNO Financial Group, representing a 44.44% reduction in his ownership, bringing his total to approximately $597,230 in value.

Dimensional Fund Advisors LP cut its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 7.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,390,874 shares of the financial services provider's stock after selling 260,987 shares during the period. Dimensional Fund Advisors LP owned approximately 3.42% of CNO Financial Group worth $141,226,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. grew its position in shares of CNO Financial Group by 3.1% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,285,783 shares of the financial services provider's stock valued at $159,474,000 after acquiring an additional 130,342 shares during the period. Invesco Ltd. lifted its position in shares of CNO Financial Group by 10.2% in the first quarter. Invesco Ltd. now owns 990,776 shares of the financial services provider's stock valued at $41,266,000 after acquiring an additional 91,550 shares in the last quarter. Bank of America Corp DE lifted its position in shares of CNO Financial Group by 236.9% in the fourth quarter. Bank of America Corp DE now owns 922,411 shares of the financial services provider's stock valued at $34,323,000 after acquiring an additional 648,591 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of CNO Financial Group by 6.6% in the first quarter. Allianz Asset Management GmbH now owns 904,795 shares of the financial services provider's stock valued at $37,685,000 after acquiring an additional 56,388 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of CNO Financial Group by 15.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 772,371 shares of the financial services provider's stock valued at $32,424,000 after acquiring an additional 100,735 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors and hedge funds.

CNO Financial Group Price Performance

Shares of NYSE CNO traded up $0.9470 during midday trading on Friday, hitting $39.6170. The stock had a trading volume of 658,291 shares, compared to its average volume of 755,870. The company has a market capitalization of $3.84 billion, a PE ratio of 14.62 and a beta of 0.90. The stock has a 50 day simple moving average of $37.41 and a 200-day simple moving average of $38.60. CNO Financial Group, Inc. has a 1 year low of $31.40 and a 1 year high of $43.20. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.50.

CNO Financial Group (NYSE:CNO - Get Free Report) last released 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 for the quarter, compared to the consensus estimate 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 business posted $1.06 earnings per share. On average, sell-side analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, September 10th. CNO Financial Group's payout ratio is currently 25.09%.

Insider Buying and Selling 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 shares were 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. The trade was a 44.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is currently owned by corporate insiders.

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.