Versor Investments LP Boosts Holdings in CNO Financial Group, Inc. (NYSE: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 holdings in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 558.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,419 shares of the financial services provider's stock after buying an additional 50,400 shares during the quarter. CNO Financial Group makes up approximately 0.4% of Versor Investments LP's holdings, making the stock its 26th largest holding. Versor Investments LP owned 0.06% of CNO Financial Group worth $2,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CNO. Neo Ivy Capital Management purchased a new stake in shares of CNO Financial Group during the 1st quarter worth about $28,000. UMB Bank n.a. grew its holdings in shares of 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 worth $42,000 after purchasing an additional 477 shares during the period. Versant Capital Management Inc grew its holdings in shares of 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 worth $46,000 after purchasing an additional 657 shares during the period. Quarry LP grew its holdings in shares of CNO Financial Group by 137.8% during the 4th quarter. Quarry LP now owns 1,334 shares of the financial services provider's stock worth $50,000 after purchasing an additional 773 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in CNO Financial Group during the 1st quarter worth approximately $92,000. Hedge funds and other institutional investors own 95.43% of the company's stock.

Insider Buying and Selling

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

CNO Financial Group Stock Performance

CNO Financial Group stock opened at $37.60 on Friday. The stock's 50 day moving average price is $37.32 and its 200 day moving average price is $38.64. The firm has a market capitalization of $3.64 billion, a PE ratio of 13.87 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, Inc. has a one year low of $31.40 and a one year high of $43.20.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The financial services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.85 by $0.02. The firm 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 previous year, the company posted $1.06 EPS. As a group, sell-side analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

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

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