United Services Automobile Association Makes New $294,000 Investment in CNO Financial Group, Inc. $CNO

Key Points

• United Services Automobile Association acquired a new stake in CNO Financial Group, investing approximately $294,000 to purchase 7,081 shares during the first quarter.
• Insider Michael E. Mead sold 12,581 shares of CNO's stock for about $477,700, significantly reducing his position by 44.44%.
• CNO Financial Group's stock is trading down 0.8% at $39.26, with an annual dividend of $0.17 per share, indicating a 1.7% dividend yield.

United Services Automobile Association acquired a new position in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 7,081 shares of the financial services provider's stock, valued at approximately $294,000.

A number of other hedge funds have also recently made changes to their positions in CNO. Neo Ivy Capital Management acquired a new position in CNO Financial Group during the 1st quarter valued at about $28,000. UMB Bank n.a. increased its position in 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 valued at $42,000 after buying an additional 477 shares in the last quarter. Versant Capital Management Inc increased its position in 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 valued at $46,000 after buying an additional 657 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in CNO Financial Group during the 1st quarter valued at about $92,000. Finally, GAMMA Investing LLC increased its position in 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 valued at $119,000 after buying an additional 572 shares in the last quarter. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CNO Financial Group

In other news, insider Michael E. Mead sold 12,581 shares of the company's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $37.97, for a total value of $477,700.57. Following the sale, the insider 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by insiders.

CNO Financial Group Stock Up 0.6%

NYSE:CNO traded up $0.23 during mid-day trading on Thursday, hitting $39.26. 165,191 shares of the company's stock traded hands, compared to its average volume of 702,737. The company has a fifty day moving average of $38.02 and a 200 day moving average of $38.42. CNO Financial Group, Inc. has a twelve month low of $33.85 and a twelve month high of $43.20. The company has a market capitalization of $3.81 billion, a P/E ratio of 14.49 and a beta of 0.90. 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 announced 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. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $971.25 million. CNO Financial Group had a return on equity of 16.63% and a net margin of 6.41%.During the same period in the prior year, the company earned $1.06 earnings per share. On average, analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be paid a $0.17 dividend. The ex-dividend date 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 is presently 25.09%.

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.