Russell Investments Group Ltd. Has $7.42 Million Stock Position in 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. increased its position in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 65.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 178,251 shares of the financial services provider's stock after buying an additional 70,479 shares during the period. Russell Investments Group Ltd. owned 0.18% of CNO Financial Group worth $7,424,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CNO. Fuller & Thaler Asset Management Inc. grew its position in CNO Financial Group by 3.1% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,285,783 shares of the financial services provider's stock worth $159,474,000 after acquiring an additional 130,342 shares in the last quarter. Invesco Ltd. boosted its holdings in CNO Financial Group by 10.2% in 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 in the last quarter. Bank of America Corp DE increased its position 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 buying an additional 648,591 shares during the last quarter. Allianz Asset Management GmbH increased its position 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 buying an additional 56,388 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings 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 valued at $32,424,000 after buying an additional 100,735 shares in the last quarter. Institutional investors own 95.43% of the company's stock.

CNO Financial Group Stock Down 1.6%

Shares of CNO traded down $0.6220 during trading hours on Monday, hitting $38.9980. 491,886 shares of the company were exchanged, compared to its average volume of 755,839. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market cap of $3.78 billion, a PE ratio of 14.39 and a beta of 0.90. The firm's 50 day moving average is $37.45 and its 200-day moving average is $38.57. CNO Financial Group, Inc. has a 52 week low of $31.40 and a 52 week high of $43.20.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.87 earnings per share for the quarter, beating 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 business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $971.25 million. During the same period last year, the business earned $1.06 EPS. On average, equities research analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.7%. CNO Financial Group's dividend payout ratio (DPR) is currently 25.09%.

Insider Buying and Selling at CNO Financial Group

In related news, insider Michael E. Mead sold 12,581 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $37.97, for a total transaction of $477,700.57. Following the completion of the sale, the insider directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.38% of the company's stock.

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.