New Age Alpha Advisors LLC Has $3.89 Million Stock Position in CNO Financial Group, Inc. (NYSE:CNO)

Key Points

• New Age Alpha Advisors LLC significantly increased its stake in CNO Financial Group by 2,838.2%, owning 93,464 shares valued at approximately $3.89 million as of the recent reporting period.
• In the last quarter, hedge funds collectively displayed increased interest in CNO Financial Group, with 95.43% of the stock now owned by institutional investors.
• CNO Financial Group reported earnings of $0.87 per share, exceeding analysts' estimates, with a revenue of $1.15 billion, surpassing expectations of $971.25 million.

New Age Alpha Advisors LLC boosted its position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 2,838.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,464 shares of the financial services provider's stock after buying an additional 90,283 shares during the period. New Age Alpha Advisors LLC owned 0.09% of CNO Financial Group worth $3,893,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNO. PNC Financial Services Group Inc. boosted its position in CNO Financial Group by 13.1% during the first 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 last quarter. Natixis Advisors LLC purchased a new position in shares of CNO Financial Group during the 1st quarter worth $493,000. XTX Topco Ltd acquired a new stake in shares of CNO Financial Group during the first quarter worth $990,000. FourThought Financial Partners LLC acquired a new stake in shares of CNO Financial Group during the first quarter worth $255,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of CNO Financial Group in the first quarter valued at $28,000. Hedge funds and other institutional investors own 95.43% of the company's stock.

Insiders Place Their Bets

In other CNO Financial Group news, insider Michael E. Mead sold 12,581 shares of CNO Financial Group 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 transaction, the insider owned 15,729 shares in the company, valued at $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 is available through this link. 3.00% of the stock is currently owned by corporate insiders.

CNO Financial Group Trading Down 2.6%

CNO Financial Group stock traded down $0.97 during trading on Thursday, hitting $35.91. The company's stock had a trading volume of 440,783 shares, compared to its average volume of 828,563. The stock's fifty day moving average is $37.38 and its 200 day moving average is $38.72. CNO Financial Group, Inc. has a 1-year low of $31.16 and a 1-year high of $43.20. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 13.25 and a beta of 0.90. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.18 and a current ratio of 0.17.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.15 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the company posted $1.06 EPS. As a group, equities research analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.68 dividend on an annualized basis and a yield of 1.9%. CNO Financial Group's dividend payout ratio (DPR) is currently 25.09%.

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.