Nuveen LLC acquired a new position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 577,926 shares of the financial services provider's stock, valued at approximately $24,071,000. Nuveen LLC owned approximately 0.58% of CNO Financial Group at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mariner LLC boosted its position in shares of CNO Financial Group by 6.7% during the 4th 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 position in shares of CNO Financial Group by 10.4% during the 1st 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. boosted its position in shares of CNO Financial Group by 89.7% during the 1st 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. GAMMA Investing LLC boosted its position in shares of CNO Financial Group by 25.0% during the 1st quarter. GAMMA Investing LLC now owns 2,861 shares of the financial services provider's stock worth $119,000 after purchasing an additional 572 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of CNO Financial Group by 13.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,483 shares of the financial services provider's stock worth $228,000 after purchasing an additional 633 shares in the last quarter. Institutional investors own 95.43% of the company's stock.
Insiders Place Their Bets
In related news, insider Michael E. Mead sold 12,581 shares of the firm's stock in a transaction dated 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.00% of the company's stock.
CNO Financial Group Stock Up 2.4%
Shares of CNO stock traded up $0.9470 on Friday, reaching $39.6170. 658,291 shares of the company were exchanged, compared to its average volume of 755,870. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 14.62 and a beta of 0.90. The company has a 50-day moving average of $37.41 and a 200-day moving average of $38.60. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.17 and a quick ratio of 0.17. CNO Financial Group, Inc. has a one year low of $31.40 and a one year high of $43.20.
CNO Financial Group (NYSE:CNO - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.02. CNO Financial Group had a net margin of 6.41% and a return on equity of 16.63%. The company had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $971.25 million. During the same quarter in the prior year, the firm earned $1.06 EPS. Analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.
CNO Financial Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a $0.17 dividend. 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 dividend payout ratio (DPR) is presently 25.09%.
About CNO Financial Group
(
Free Report)
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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