14,568 Shares in CNO Financial Group, Inc. (NYSE:CNO) Purchased by Ontario Teachers Pension Plan Board

Key Points

• The Ontario Teachers Pension Plan Board acquired a new stake in CNO Financial Group worth approximately $607,000 by purchasing 14,568 shares in the first quarter.
• CNO Financial Group reported a quarterly earnings per share (EPS) of $0.87, exceeding analyst expectations, and had revenues of $1.15 billion.
• The company will pay a quarterly dividend of $0.17 per share, resulting in an annualized yield of 1.9% for shareholders on record by September 10th.

Ontario Teachers Pension Plan Board acquired a new stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 14,568 shares of the financial services provider's stock, valued at approximately $607,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Mariner LLC lifted its stake in CNO Financial Group by 6.7% during 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 during the last quarter. Blue Trust Inc. grew its position 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 valued at $200,000 after acquiring an additional 451 shares during the last quarter. UMB Bank n.a. raised its stake in 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 worth $42,000 after acquiring an additional 477 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of CNO Financial Group by 25.0% in the 1st quarter. GAMMA Investing LLC now owns 2,861 shares of the financial services provider's stock valued at $119,000 after purchasing an additional 572 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in CNO Financial Group by 13.1% in the first quarter. PNC Financial Services Group Inc. now owns 5,483 shares of the financial services provider's stock valued at $228,000 after buying 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 business's 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. The trade was a 44.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is owned by corporate insiders.

CNO Financial Group Trading Down 0.9%

CNO Financial Group stock traded down $0.34 during trading hours on Thursday, hitting $37.97. The stock had a trading volume of 157,980 shares, compared to its average volume of 709,146. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 14.01 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. The business'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 one year low of $31.40 and a one year high of $43.20.

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 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 company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $971.25 million. During the same quarter in the prior year, the firm posted $1.06 earnings per share. On average, equities analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, September 10th. This represents a $0.68 annualized dividend and a dividend yield of 1.8%. CNO Financial Group's dividend payout ratio is 25.09%.

CNO Financial Group Company 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.