Petrus Trust Company LTA Acquires Shares of 8,379 CNO Financial Group, Inc. $CNO

Key Points

• Petrus Trust Company LTA has made a new investment of approximately $349,000 in CNO Financial Group, acquiring 8,379 shares in the first quarter.
• Several institutional investors, including Wealth Enhancement Advisory Services LLC and Allspring Global Investments Holdings LLC, have increased their stakes in CNO Financial Group, indicating strong interest in the company.
• CNO Financial Group recently announced a quarterly dividend of $0.17 per share, showcasing a 1.7% dividend yield and a payout ratio of 25.09%.

Petrus Trust Company LTA purchased a new position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 8,379 shares of the financial services provider's stock, valued at approximately $349,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Neo Ivy Capital Management bought a new position in shares of CNO Financial Group during the 1st quarter worth approximately $28,000. UMB Bank n.a. boosted its holdings 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 buying an additional 477 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of CNO Financial Group by 148.6% during the 1st quarter. Versant Capital Management Inc now owns 1,099 shares of the financial services provider's stock worth $46,000 after buying an additional 657 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of CNO Financial Group during the 1st quarter worth approximately $92,000. Finally, GAMMA Investing LLC boosted its holdings 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 buying an additional 572 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors.

CNO Financial Group Trading Down 0.8%

Shares of CNO Financial Group stock traded down $0.30 on Friday, reaching $39.26. 749,509 shares of the company's stock were exchanged, compared to its average volume of 615,952. The company has a market capitalization of $3.81 billion, a P/E ratio of 14.49 and a beta of 0.90. CNO Financial Group, Inc. has a 52 week low of $32.87 and a 52 week high of $43.20. The firm's 50-day moving average is $37.91 and its two-hundred day moving average is $38.45. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.17 and a current ratio of 0.17.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings results 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 return on equity of 16.63% and a net margin of 6.41%.The firm had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $971.25 million. During the same period in the prior year, the business earned $1.06 EPS. Sell-side analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The company also recently announced 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. This represents a $0.68 dividend on an annualized basis 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 presently 25.09%.

Insider Buying and Selling at CNO Financial Group

In other news, insider Michael E. Mead sold 12,581 shares of the company's 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 directly 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 document filed with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is owned by insiders.

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.