Inspire Investing LLC Acquires New Position in CNO Financial Group, Inc. $CNO

Key Points

• Inspire Investing LLC acquired 18,792 shares of CNO Financial Group, Inc., valued at approximately $783,000, during the first quarter of the year.
• CNO Financial Group reported $0.87 earnings per share for the last quarter, surpassing analysts' expectations of $0.85.
• The company has declared a quarterly dividend of $0.17 per share, with an ex-dividend date of September 10th.

Inspire Investing LLC bought a new position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,792 shares of the financial services provider's stock, valued at approximately $783,000.

A number of other institutional investors have also modified their holdings of CNO. American Century Companies Inc. increased its stake in CNO Financial Group by 9.3% in the first 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. Invesco Ltd. lifted its position in CNO Financial Group by 10.2% during the 1st quarter. Invesco Ltd. now owns 990,776 shares of the financial services provider's stock worth $41,266,000 after acquiring an additional 91,550 shares during the period. Bank of America Corp DE lifted its position in CNO Financial Group by 236.9% during the 4th quarter. Bank of America Corp DE now owns 922,411 shares of the financial services provider's stock worth $34,323,000 after acquiring an additional 648,591 shares during the period. Allianz Asset Management GmbH grew its stake 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 purchasing an additional 56,388 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of CNO Financial Group by 15.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 772,371 shares of the financial services provider's stock valued at $32,424,000 after purchasing an additional 100,735 shares during the period. 95.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CNO Financial Group

In other news, insider Michael E. Mead sold 12,581 shares of the firm's stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is owned by corporate insiders.

CNO Financial Group Stock Performance

Shares of CNO Financial Group stock traded up $0.65 during trading hours on Thursday, hitting $39.68. 239,483 shares of the company were exchanged, compared to its average volume of 703,042. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.50. The business has a 50-day moving average of $38.02 and a 200-day moving average of $38.42. CNO Financial Group, Inc. has a 1 year low of $33.85 and a 1 year high of $43.20. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 14.64 and a beta of 0.90.

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. CNO Financial Group had a net margin of 6.41% and a return on equity of 16.63%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $971.25 million. During the same quarter in the prior year, the firm earned $1.06 EPS. As a group, analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.17 per share. 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 payout ratio is presently 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.