CNO Financial Group, Inc. $CNO Shares Sold by Nomura Holdings Inc.

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. decreased its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 79.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its stake in CNO Financial Group by 9.3% during the first quarter. American Century Companies Inc. now owns 2,938,034 shares of the financial services provider's stock worth $122,369,000 after purchasing an additional 250,173 shares during the last quarter. Invesco Ltd. lifted its stake in CNO Financial Group by 10.2% during the first quarter. Invesco Ltd. now owns 990,776 shares of the financial services provider's stock worth $41,266,000 after purchasing an additional 91,550 shares during the last quarter. Bank of America Corp DE lifted its stake in CNO Financial Group by 236.9% during the fourth quarter. Bank of America Corp DE now owns 922,411 shares of the financial services provider's stock worth $34,323,000 after purchasing an additional 648,591 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in CNO Financial Group by 6.6% during the first quarter. Allianz Asset Management GmbH now owns 904,795 shares of the financial services provider's stock worth $37,685,000 after purchasing an additional 56,388 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in CNO Financial Group by 15.0% during the first 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. Hedge funds and other institutional investors own 95.43% of the company's stock.

Insider Buying and Selling

In other CNO Financial Group news, insider Michael E. Mead sold 12,581 shares of CNO Financial Group stock in a transaction that occurred 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. The trade was a 44.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.38% of the stock is currently owned by company insiders.

CNO Financial Group Stock Down 0.4%

CNO stock traded down $0.15 during trading on Monday, hitting $39.59. 131,583 shares of the company's stock were exchanged, compared to its average volume of 701,652. The business has a 50-day moving average price of $37.81 and a two-hundred day moving average price of $38.47. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 14.61 and a beta of 0.90. CNO Financial Group, Inc. has a 52-week low of $31.40 and a 52-week high of $43.20. 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 posted its earnings results 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. The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations 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 previous year, the business earned $1.06 earnings per share. As a group, equities research analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.68 annualized dividend and a yield of 1.7%. CNO Financial Group's payout ratio is 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.