Natixis Advisors LLC Makes New Investment in CNO Financial Group, Inc. (NYSE:CNO)

Key Points

• Natixis Advisors LLC purchased 11,825 shares of CNO Financial Group, Inc., valued at approximately $493,000, during the first quarter, indicating growing institutional interest in the company.
• CNO Financial Group reported an earnings per share (EPS) of $0.87 for the last quarter, surpassing analysts' expectations of $0.85, with total revenue of $1.15 billion.
• The company has announced a quarterly dividend of $0.17 per share, reflecting a 1.8% dividend yield and a dividend payout ratio of 25.09%.

Natixis Advisors LLC purchased a new position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,825 shares of the financial services provider's stock, valued at approximately $493,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Neo Ivy Capital Management acquired a new position in shares of CNO Financial Group in the first quarter worth about $28,000. UMB Bank n.a. raised its position in shares of 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 acquiring an additional 477 shares during the period. Versant Capital Management Inc raised its position in shares of CNO Financial Group by 148.6% in the first quarter. Versant Capital Management Inc now owns 1,099 shares of the financial services provider's stock worth $46,000 after acquiring an additional 657 shares during the period. Quarry LP raised its position in shares of CNO Financial Group by 137.8% in the fourth quarter. Quarry LP now owns 1,334 shares of the financial services provider's stock worth $50,000 after acquiring an additional 773 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of CNO Financial Group in the first quarter valued at about $92,000. 95.43% of the stock is owned by institutional investors and hedge funds.

CNO Financial Group Stock Up 1.4%

Shares of NYSE CNO opened at $37.01 on Tuesday. The company's 50-day simple moving average is $37.34 and its 200-day simple moving average is $38.68. CNO Financial Group, Inc. has a 52-week low of $31.18 and a 52-week high of $43.20. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 13.66 and a beta of 0.90. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.50.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its earnings results on Monday, July 28th. The financial services provider reported $0.87 EPS for the quarter, beating 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 net margin of 6.41% and a return on equity of 16.63%. During the same period in the prior year, the business earned $1.06 earnings per share. Equities analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The firm also recently disclosed 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 dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 10th. CNO Financial Group's dividend payout ratio (DPR) is presently 25.09%.

Insider Activity

In related news, insider Michael E. Mead sold 12,581 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $37.97, for a total transaction of $477,700.57. Following the completion of the sale, the insider directly owned 15,729 shares of the company's stock, valued at approximately $597,230.13. This trade represents a 44.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.38% of the company's stock.

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.

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