LSV Asset Management Sells 45,925 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Key Points

• LSV Asset Management reduced its stake in CNO Financial Group by 1.2%, selling 45,925 shares and now holding approximately 3.85% of the company valued at $160.7 million.
• Insider Michael E. Mead sold 12,581 shares at an average price of $37.97, resulting in a 44.44% decrease in his ownership of CNO Financial Group stock.
• CNO Financial Group reported earnings per share (EPS) of $0.87 for the recent quarter, exceeding analysts' expectations of $0.85 and marking a revenue of $1.15 billion.

LSV Asset Management decreased its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 1.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,859,444 shares of the financial services provider's stock after selling 45,925 shares during the quarter. LSV Asset Management owned 3.85% of CNO Financial Group worth $160,746,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CNO. Neo Ivy Capital Management purchased a new position in shares of CNO Financial Group during the first quarter worth about $28,000. UMB Bank n.a. grew its holdings in shares of CNO Financial Group by 89.7% during the first quarter. UMB Bank n.a. now owns 1,009 shares of the financial services provider's stock worth $42,000 after purchasing an additional 477 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of CNO Financial Group by 148.6% during the first quarter. Versant Capital Management Inc now owns 1,099 shares of the financial services provider's stock worth $46,000 after purchasing an additional 657 shares in the last quarter. Headlands Technologies LLC grew its holdings in shares of CNO Financial Group by 193.2% during the fourth quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock worth $50,000 after purchasing an additional 881 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of CNO Financial Group by 137.8% during the fourth quarter. Quarry LP now owns 1,334 shares of the financial services provider's stock worth $50,000 after purchasing an additional 773 shares in the last quarter. Hedge funds and other institutional investors own 95.43% of the company's stock.

CNO Financial Group Price Performance

Shares of NYSE CNO traded up $0.64 during midday trading on Wednesday, hitting $36.88. 436,536 shares of the company's stock were exchanged, compared to its average volume of 716,050. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 13.61 and a beta of 0.90. The business's fifty day moving average price is $37.43 and its two-hundred day moving average price is $38.75. The company has a current ratio of 0.17, a quick ratio of 0.18 and a debt-to-equity ratio of 1.50. CNO Financial Group, Inc. has a 12-month low of $30.99 and a 12-month high of $43.20.

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 the consensus estimate of $0.85 by $0.02. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the firm earned $1.06 earnings per share. As a group, research analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

Insider Transactions at CNO Financial Group

In other CNO Financial Group news, insider Michael E. Mead sold 12,581 shares of the company'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 owned 15,729 shares of the company's stock, valued at $597,230.13. This represents a 44.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.38% of the stock is currently owned by corporate 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.