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

Several other institutional investors and hedge funds have also bought and sold shares of the business. Blue Trust Inc. lifted its position in shares of CNO Financial Group by 10.4% in the 1st quarter. Blue Trust Inc. now owns 4,804 shares of the financial services provider's stock worth $200,000 after purchasing an additional 451 shares during the period. UMB Bank n.a. raised its stake in CNO Financial Group by 89.7% in the first quarter. UMB Bank n.a. now owns 1,009 shares of the financial services provider's stock worth $42,000 after buying an additional 477 shares in the last quarter. GAMMA Investing LLC lifted its holdings in CNO Financial Group by 25.0% in the first quarter. GAMMA Investing LLC now owns 2,861 shares of the financial services provider's stock worth $119,000 after buying an additional 572 shares during the period. State of Wyoming boosted its position in 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 valued at $442,000 after acquiring an additional 611 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of CNO Financial Group by 13.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,483 shares of the financial services provider's stock worth $228,000 after acquiring an additional 633 shares during the period. Hedge funds and other institutional investors own 95.43% of the company's stock.

CNO Financial Group Stock Down 0.4%

Shares of CNO traded down $0.18 on Wednesday, reaching $39.18. The stock had a trading volume of 601,978 shares, compared to its average volume of 604,125. 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, Inc. has a 12-month low of $31.40 and a 12-month high of $43.20. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 14.46 and a beta of 0.90. The company has a 50-day simple moving average of $37.87 and a 200-day simple moving average of $38.48.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The financial services provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.02. The company 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 prior year, the firm earned $1.06 earnings per share. Sell-side analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given 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 Buying and Selling

In other CNO Financial Group news, insider Michael E. Mead sold 12,581 shares of the company's 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 owned 15,729 shares in the company, valued at approximately $597,230.13. This represents a 44.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is owned by insiders.

About CNO Financial Group

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.