Swiss National Bank Cuts Stock Position in CNO Financial Group, Inc. $CNO

Key Points

• Swiss National Bank has decreased its stake in CNO Financial Group by 3.9%, owning 199,900 shares valued at approximately $8.33 million as of the latest quarterly filing.
• CNO Financial Group reported a quarterly EPS of $0.87, exceeding analyst expectations, with revenues of $1.15 billion, surpassing the consensus estimate of $971.25 million.
• The company has announced a quarterly dividend of $0.17 per share, representing an annualized dividend of $0.68 and a yield of 1.8%, set to be paid on September 24th.

Swiss National Bank decreased its position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 199,900 shares of the financial services provider's stock after selling 8,100 shares during the quarter. Swiss National Bank owned approximately 0.20% of CNO Financial Group worth $8,326,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of CNO Financial Group by 5.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,701 shares of the financial services provider's stock valued at $571,000 after acquiring an additional 744 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in CNO Financial Group by 15.0% in 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 during the last quarter. GAMMA Investing LLC lifted its position in CNO Financial Group by 25.0% in the first quarter. GAMMA Investing LLC now owns 2,861 shares of the financial services provider's stock valued at $119,000 after buying an additional 572 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in CNO Financial Group by 42.0% in the first quarter. Robeco Institutional Asset Management B.V. now owns 8,471 shares of the financial services provider's stock valued at $353,000 after buying an additional 2,507 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in CNO Financial Group in the first quarter valued at about $806,000. Institutional investors and hedge funds own 95.43% of the company's stock.

CNO Financial Group Trading Down 0.1%

NYSE CNO traded down $0.0440 during trading hours on Thursday, reaching $38.6560. The company had a trading volume of 644,089 shares, compared to its average volume of 763,776. The stock has a 50-day moving average of $37.36 and a 200 day moving average of $38.61. CNO Financial Group, Inc. has a 1-year low of $31.40 and a 1-year 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 stock has a market capitalization of $3.75 billion, a P/E ratio of 14.26 and a beta of 0.90.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its earnings results on Monday, July 28th. The financial services provider reported $0.87 EPS for the quarter, beating 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 company posted $1.06 earnings per share. As a group, research analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

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

Insider Transactions at CNO Financial Group

In other CNO Financial Group news, insider Michael E. Mead sold 12,581 shares of the business's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $37.97, for a total transaction of $477,700.57. Following the sale, the insider directly owned 15,729 shares in the company, 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 at the SEC website. 3.00% of the stock is owned by company insiders.

About CNO Financial Group

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.