Fuller & Thaler Asset Management Inc. Sells 33,719 Shares of CNO Financial Group, Inc. $CNO

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 position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent 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 quarter. Fuller & Thaler Asset Management Inc. owned 4.29% of CNO Financial Group worth $177,098,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Versor Investments LP increased its position in shares of CNO Financial Group by 558.8% during the 1st quarter. Versor Investments LP now owns 59,419 shares of the financial services provider's stock valued at $2,475,000 after purchasing an additional 50,400 shares during the period. Summit Securities Group LLC acquired a new position in shares of CNO Financial Group during the 1st quarter valued at $136,000. Algert Global LLC increased its position in shares of CNO Financial Group by 26.3% during the 1st quarter. Algert Global LLC now owns 207,870 shares of the financial services provider's stock valued at $8,658,000 after purchasing an additional 43,343 shares during the period. American Century Companies Inc. increased its position in shares of CNO Financial Group by 9.3% during 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 purchasing an additional 250,173 shares during the period. Finally, Fox Run Management L.L.C. increased its position in shares of CNO Financial Group by 42.4% during the 1st quarter. Fox Run Management L.L.C. now owns 19,361 shares of the financial services provider's stock valued at $806,000 after purchasing an additional 5,768 shares during the period. 95.43% of the stock is currently owned by institutional investors and hedge funds.

CNO Financial Group Price Performance

Shares of CNO stock traded up $0.9470 during mid-day trading on Friday, hitting $39.6170. 658,291 shares of the stock traded hands, compared to its average volume of 755,870. CNO Financial Group, Inc. has a twelve month low of $31.40 and a twelve month high of $43.20. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 14.62 and a beta of 0.90. The company's 50-day simple moving average is $37.41 and its 200-day simple moving average 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.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its earnings results on Monday, July 28th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.02. The business had revenue of $1.15 billion for the quarter, compared to analysts' expectations 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 period in the previous year, the firm posted $1.06 EPS. As a group, equities research analysts expect that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Wednesday, September 10th. CNO Financial Group's payout ratio is presently 25.09%.

Insider Activity

In related news, insider Michael E. Mead sold 12,581 shares of CNO Financial Group stock in a transaction 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 transaction, the insider directly owned 15,729 shares in the company, valued at $597,230.13. The trade was a 44.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.00% of the stock is owned by insiders.

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.