Russell Investments Group Ltd. Buys 70,479 Shares of CNO Financial Group, Inc. $CNO

Key Points

• Russell Investments Group Ltd. increased its stake in CNO Financial Group by 65.4% during the first quarter, owning approximately 178,251 shares valued at $7.4 million.
• CNO Financial Group reported earnings per share of $0.87, surpassing analysts' expectations, with a revenue of $1.15 billion for the quarter.
• The company also declared a quarterly dividend of $0.17 per share, with an annualized yield of 1.8% and a payout ratio of 25.09%.

Russell Investments Group Ltd. grew its holdings in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 65.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 178,251 shares of the financial services provider's stock after buying an additional 70,479 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.18% of CNO Financial Group worth $7,424,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CNO. Bank of America Corp DE lifted its holdings in CNO Financial Group by 236.9% in the 4th quarter. Bank of America Corp DE now owns 922,411 shares of the financial services provider's stock worth $34,323,000 after buying an additional 648,591 shares during the period. Nuveen LLC purchased a new stake in CNO Financial Group in the 1st quarter worth approximately $24,071,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in CNO Financial Group in the 4th quarter worth approximately $15,093,000. Balyasny Asset Management L.P. purchased a new stake in CNO Financial Group in the 4th quarter worth approximately $14,270,000. Finally, Nomura Holdings Inc. purchased a new stake in CNO Financial Group in the 4th quarter worth approximately $5,906,000. Hedge funds and other institutional investors own 95.43% of the company's stock.

Insider Activity

In other news, insider Michael E. Mead sold 12,581 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $37.97, for a total value of $477,700.57. Following the completion of the transaction, the insider owned 15,729 shares of the company's stock, valued at approximately $597,230.13. This represents a 44.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.00% of the company's stock.

CNO Financial Group Trading Up 2.4%

NYSE CNO traded up $0.9470 on Friday, hitting $39.6170. The company's stock had a trading volume of 658,291 shares, compared to its average volume of 755,870. 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. The company's 50-day simple moving average is $37.41 and its 200 day simple moving average is $38.60. The firm has a market cap of $3.84 billion, a P/E ratio of 14.62 and a beta of 0.90.

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 for the quarter, topping 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 during the quarter, compared to analysts' expectations of $971.25 million. During the same quarter last year, the business posted $1.06 EPS. Research 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 announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders 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 dividend yield of 1.7%. CNO Financial Group's dividend payout ratio is currently 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.