Graham Capital Management L.P. Takes Position in CNO Financial Group, Inc. $CNO

Key Points

• Graham Capital Management has invested approximately $903,000 in CNO Financial Group, acquiring 21,683 shares.
• CNO Financial Group reported earnings of $0.87 per share, surpassing analysts' expectations, with revenues reaching $1.15 billion for the quarter.
• The company declared a quarterly dividend of $0.17, with an annualized yield of 1.7%, payable on September 24th.

Graham Capital Management L.P. acquired a new position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 21,683 shares of the financial services provider's stock, valued at approximately $903,000.

Other large investors also recently added to or reduced their stakes in the company. State of Wyoming grew its position in shares of CNO Financial Group by 6.1% during the 1st quarter. State of Wyoming now owns 10,602 shares of the financial services provider's stock worth $442,000 after buying an additional 611 shares during the period. Trexquant Investment LP lifted its holdings in CNO Financial Group by 13.7% in the first quarter. Trexquant Investment LP now owns 158,413 shares of the financial services provider's stock valued at $6,598,000 after buying an additional 19,080 shares during the period. Freedom Investment Management Inc. bought a new position in CNO Financial Group in the first quarter valued at approximately $263,000. Walleye Capital LLC acquired a new stake in CNO Financial Group during the 1st quarter worth $225,000. Finally, Bragg Financial Advisors Inc grew its holdings in CNO Financial Group by 1.2% during the 1st quarter. Bragg Financial Advisors Inc now owns 561,146 shares of the financial services provider's stock worth $23,372,000 after acquiring an additional 6,512 shares during the period. 95.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CNO Financial Group

In related 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 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 legal filing with the SEC, which is available at this link. 3.00% of the stock is currently owned by company insiders.

CNO Financial Group Trading Down 1.6%

Shares of CNO Financial Group stock traded down $0.66 on Friday, hitting $39.75. 617,872 shares of the company's stock traded hands, compared to its average volume of 590,610. The firm's 50-day moving average price is $37.81 and its two-hundred day moving average price is $38.49. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market capitalization of $3.85 billion, a PE ratio of 14.67 and a beta of 0.90. CNO Financial Group, Inc. has a one year low of $31.40 and a one year high of $43.20.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.02. The business had revenue of $1.15 billion during 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 earned $1.06 earnings per share. On average, research analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

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 given 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 presently 25.09%.

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.