Lingohr Asset Management GmbH Has $470,000 Holdings in CNO Financial Group, Inc. $CNO

Key Points

• Lingohr Asset Management GmbH significantly reduced its stake in CNO Financial Group by 90.5%, selling 116,009 shares and leaving it with only 12,193 shares valued at $470,000 as of the latest SEC filing.
• CNO Financial Group reported an earnings per share (EPS) of $0.87 for the latest quarter, surpassing analysts' expectations of $0.85, with revenue reaching $1.15 billion, significantly above the anticipated $971.25 million.
• The company declared a quarterly dividend of $0.17, with an annualized yield of 1.7%, and a payout ratio of 25.09%, which is scheduled to be paid on September 24th.

Lingohr Asset Management GmbH reduced its holdings in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 90.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,193 shares of the financial services provider's stock after selling 116,009 shares during the quarter. Lingohr Asset Management GmbH's holdings in CNO Financial Group were worth $470,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew its stake in shares of CNO Financial Group by 5.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,701 shares of the financial services provider's stock worth $571,000 after acquiring an additional 744 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in 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 worth $32,424,000 after purchasing an additional 100,735 shares during the last quarter. GAMMA Investing LLC grew its position in CNO Financial Group by 25.0% in the 1st quarter. GAMMA Investing LLC now owns 2,861 shares of the financial services provider's stock worth $119,000 after purchasing an additional 572 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in CNO Financial Group by 42.0% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 8,471 shares of the financial services provider's stock worth $353,000 after purchasing an additional 2,507 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in CNO Financial Group in the 1st quarter worth $806,000. 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 business's stock in a transaction 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 owned 15,729 shares in the company, valued at approximately $597,230.13. The trade was a 44.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.00% of the company's stock.

CNO Financial Group Stock Performance

CNO stock traded up $0.03 during trading on Friday, reaching $39.61. 449,257 shares of the stock were exchanged, compared to its average volume of 705,402. CNO Financial Group, Inc. has a twelve month low of $33.85 and a twelve month high of $43.20. The company has a market capitalization of $3.84 billion, a P/E ratio of 14.61 and a beta of 0.90. The stock has a 50 day simple moving average of $38.07 and a 200-day simple moving average of $38.41. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.50.

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 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.02. CNO Financial Group had a return on equity of 16.63% and a net margin of 6.41%.The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $971.25 million. During the same quarter last year, the firm earned $1.06 EPS. As a group, sell-side analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be paid a $0.17 dividend. 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 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.