Versor Investments LP Raises Stock Holdings in CNO Financial Group, Inc. $CNO

Key Points

• Versor Investments LP has significantly increased its position in CNO Financial Group by 558.8% during the first quarter, now holding 59,419 shares valued at approximately $2.48 million.
• Insider Michael E. Mead sold 12,581 shares of CNO Financial Group for about $477,700, representing a 44.44% decrease in their stock position.
• CNO Financial Group reported an earnings per share (EPS) of $0.87 for the last quarter, surpassing analyst expectations and indicating a strong financial performance.

Versor Investments LP raised its stake in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 558.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,419 shares of the financial services provider's stock after purchasing an additional 50,400 shares during the quarter. CNO Financial Group makes up about 0.4% of Versor Investments LP's holdings, making the stock its 26th biggest holding. Versor Investments LP owned about 0.06% of CNO Financial Group worth $2,475,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. LPL Financial LLC raised its stake in CNO Financial Group by 5.1% in the fourth quarter. LPL Financial LLC now owns 18,679 shares of the financial services provider's stock worth $695,000 after buying an additional 907 shares in the last quarter. Wells Fargo & Company MN boosted its position in CNO Financial Group by 29.7% during the 4th quarter. Wells Fargo & Company MN now owns 66,255 shares of the financial services provider's stock valued at $2,465,000 after acquiring an additional 15,178 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of CNO Financial Group by 7.3% during the 4th quarter. Bank of Montreal Can now owns 25,551 shares of the financial services provider's stock worth $951,000 after acquiring an additional 1,733 shares during the period. Raymond James Financial Inc. bought a new position in shares of CNO Financial Group in the 4th quarter worth approximately $2,295,000. Finally, Barclays PLC raised its position in shares of CNO Financial Group by 22.1% in the 4th quarter. Barclays PLC now owns 267,567 shares of the financial services provider's stock worth $9,957,000 after acquiring an additional 48,426 shares in the last quarter. 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 shares were sold at an average price of $37.97, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.00% of the company's stock.

CNO Financial Group Stock Up 2.5%

Shares of NYSE CNO traded up $0.96 during mid-day trading on Friday, hitting $39.63. 230,728 shares of the stock traded hands, compared to its average volume of 707,022. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 14.63 and a beta of 0.90. The stock has a fifty day moving average price of $37.36 and a 200-day moving average price of $38.61. CNO Financial Group, Inc. has a 52 week low of $31.40 and a 52 week high of $43.20. 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 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 firm had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $971.25 million. During the same quarter in the previous year, the business posted $1.06 EPS. Research analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Announces Dividend

The business 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. 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 payout ratio is currently 25.09%.

CNO Financial Group 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.