Nomura Holdings Inc. Has $1.33 Million Position in CNO Financial Group, Inc. $CNO

Key Points

• Nomura Holdings Inc. has reduced its stake in CNO Financial Group by 79.9%, now holding 31,867 shares valued at approximately $1.33 million.
• CNO Financial Group recently reported quarterly earnings of $0.87 per share, surpassing the consensus estimate of $0.85, with revenues at $1.15 billion.
• The company declared a quarterly dividend of $0.17 per share, representing a 1.7% yield, to be paid on September 24th.

Nomura Holdings Inc. lowered its holdings in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 79.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,867 shares of the financial services provider's stock after selling 126,864 shares during the quarter. Nomura Holdings Inc.'s holdings in CNO Financial Group were worth $1,327,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Mariner LLC boosted its stake in CNO Financial Group by 6.7% in the fourth quarter. Mariner LLC now owns 6,116 shares of the financial services provider's stock worth $228,000 after purchasing an additional 385 shares in the last quarter. Blue Trust Inc. boosted its stake in CNO Financial Group by 10.4% in the first quarter. Blue Trust Inc. now owns 4,804 shares of the financial services provider's stock worth $200,000 after purchasing an additional 451 shares in the last quarter. UMB Bank n.a. lifted its stake 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 valued at $42,000 after acquiring an additional 477 shares during the period. GAMMA Investing LLC lifted its stake in shares of CNO Financial Group by 25.0% during the first quarter. GAMMA Investing LLC now owns 2,861 shares of the financial services provider's stock valued at $119,000 after acquiring an additional 572 shares during the period. Finally, State of Wyoming lifted its stake in shares of CNO Financial Group by 6.1% during the first quarter. State of Wyoming now owns 10,602 shares of the financial services provider's stock valued at $442,000 after acquiring an additional 611 shares during the period. Institutional investors and hedge funds own 95.43% of the company's stock.

CNO Financial Group Trading Down 0.9%

Shares of CNO opened at $39.12 on Wednesday. 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, Inc. has a 12-month low of $31.40 and a 12-month high of $43.20. The firm has a market capitalization of $3.79 billion, a PE ratio of 14.44 and a beta of 0.90. The stock's fifty day simple moving average is $37.69 and its 200-day simple moving average is $38.52.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $971.25 million. During the same quarter in the prior year, the firm posted $1.06 earnings per share. As a group, research analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, September 10th. CNO Financial Group's dividend payout ratio is 25.09%.

Insider Activity

In other news, insider Michael E. Mead sold 12,581 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $37.97, for a total transaction of $477,700.57. Following the transaction, 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 legal filing with the SEC, which is available through this link. 3.38% of the stock is owned by company insiders.

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.

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