CNO Financial Group, Inc. $CNO Holdings Lowered by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. reduced its stake in CNO Financial Group by 0.8%, selling 33,719 shares, and now holds approximately 4.29% of the company valued at $177.1 million.
• CNO Financial Group reported earnings of $0.87 per share, exceeding analysts' expectations of $0.85, alongside revenue of $1.15 billion against a forecast of $971.25 million.
• The company announced a quarterly dividend of $0.17 per share, with an ex-dividend date on September 10th, representing an annual yield of 1.8%.

Fuller & Thaler Asset Management Inc. cut its holdings in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 0.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,252,064 shares of the financial services provider's stock after selling 33,719 shares during the period. Fuller & Thaler Asset Management Inc. owned about 4.29% of CNO Financial Group worth $177,098,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. American Century Companies Inc. boosted its holdings in shares of CNO Financial Group by 9.3% in the 1st quarter. American Century Companies Inc. now owns 2,938,034 shares of the financial services provider's stock valued at $122,369,000 after buying an additional 250,173 shares during the period. Invesco Ltd. boosted its holdings in shares of CNO Financial Group by 10.2% in the 1st quarter. Invesco Ltd. now owns 990,776 shares of the financial services provider's stock valued at $41,266,000 after buying an additional 91,550 shares during the period. Bank of America Corp DE boosted its holdings in shares of CNO Financial Group by 236.9% in the 4th quarter. Bank of America Corp DE now owns 922,411 shares of the financial services provider's stock valued at $34,323,000 after buying an additional 648,591 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of CNO Financial Group by 6.6% in the 1st quarter. Allianz Asset Management GmbH now owns 904,795 shares of the financial services provider's stock valued at $37,685,000 after buying an additional 56,388 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of CNO Financial Group by 15.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 772,371 shares of the financial services provider's stock valued at $32,424,000 after buying an additional 100,735 shares during the period. 95.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Michael E. Mead sold 12,581 shares of CNO Financial Group stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $37.97, for a total value of $477,700.57. Following the sale, the insider directly owned 15,729 shares in the company, valued at $597,230.13. This trade represents a 44.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

CNO Financial Group Stock Performance

Shares of NYSE CNO traded up $0.9470 during midday trading on Friday, hitting $39.6170. The company's stock had a trading volume of 658,291 shares, compared to its average volume of 709,769. CNO Financial Group, Inc. has a 1-year low of $31.40 and a 1-year high of $43.20. The firm's fifty day moving average price is $37.36 and its 200-day moving average price is $38.61. 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 firm has a market cap of $3.84 billion, a P/E ratio of 14.62 and a beta of 0.90.

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 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. The business 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 previous year, the business posted $1.06 EPS. On average, sell-side analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal 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 given a $0.17 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $0.68 annualized dividend and a yield of 1.7%. CNO Financial Group's dividend payout ratio (DPR) is currently 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.