Dimensional Fund Advisors LP Sells 260,987 Shares of 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 lessened its holdings in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 7.1% during the 1st 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 about 3.42% of CNO Financial Group worth $141,226,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Neo Ivy Capital Management bought a new position in shares of CNO Financial Group in the 1st quarter worth approximately $28,000. UMB Bank n.a. increased its holdings in CNO Financial Group by 89.7% in the 1st quarter. UMB Bank n.a. now owns 1,009 shares of the financial services provider's stock worth $42,000 after acquiring an additional 477 shares in the last quarter. Versant Capital Management Inc increased its holdings in CNO Financial Group by 148.6% in the 1st quarter. Versant Capital Management Inc now owns 1,099 shares of the financial services provider's stock worth $46,000 after acquiring an additional 657 shares in the last quarter. Quarry LP increased its holdings in CNO Financial Group by 137.8% in the 4th quarter. Quarry LP now owns 1,334 shares of the financial services provider's stock worth $50,000 after acquiring an additional 773 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in CNO Financial Group in the 1st quarter worth approximately $92,000. Institutional investors own 95.43% of the company's stock.

CNO Financial Group Stock Performance

CNO Financial Group stock traded up $0.23 during midday trading on Tuesday, hitting $39.23. The stock had a trading volume of 880,880 shares, compared to its average volume of 727,982. The firm's fifty day moving average is $37.50 and its two-hundred day moving average is $38.58. The company has a market capitalization of $3.80 billion, a PE ratio of 14.47 and a beta of 0.90. CNO Financial Group, Inc. has a 52-week low of $31.40 and a 52-week high of $43.20. The company has a current ratio of 0.17, a quick 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 (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.02. The company 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 in the prior year, the firm posted $1.06 EPS. On average, research analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

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 issued 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 of this dividend is Wednesday, September 10th. CNO Financial Group's dividend payout ratio (DPR) is 25.09%.

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 completion of the sale, the insider directly owned 15,729 shares of the company's stock, valued at $597,230.13. This trade represents a 44.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.38% of the stock is currently owned by company 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.