Vicus Capital Makes New $262,000 Investment in CNO Financial Group, Inc. $CNO

Key Points

• Vicus Capital has invested approximately $262,000 in CNO Financial Group by acquiring 6,792 shares, marking a significant move by the institutional investor.
• CNO Financial Group reported a quarterly earnings per share of $0.87, exceeding analysts' expectations, along with a revenue of $1.15 billion for the quarter.
• The company declared a quarterly dividend of $0.17 per share, resulting in an annualized dividend of $0.68, which gives a dividend yield of 1.7%.

Vicus Capital purchased a new stake in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 6,792 shares of the financial services provider's stock, valued at approximately $262,000.

A number of other hedge funds have also recently modified their holdings of CNO. Neo Ivy Capital Management bought a new stake in CNO Financial Group during the first quarter valued at about $28,000. UMB Bank n.a. raised its holdings 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 during the period. Versant Capital Management Inc raised its position in CNO Financial Group by 148.6% in 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. Geneos Wealth Management Inc. boosted its holdings in CNO Financial Group by 637.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,438 shares of the financial services provider's stock valued at $60,000 after acquiring an additional 1,243 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in CNO Financial Group in the 1st quarter worth about $92,000. Institutional investors own 95.43% of the company's stock.

CNO Financial Group Price Performance

CNO opened at $39.24 on Friday. CNO Financial Group, Inc. has a 12-month low of $33.85 and a 12-month 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 company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 14.48 and a beta of 0.90. The business's fifty day simple moving average is $38.55 and its 200-day simple moving average is $38.40.

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 company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $971.25 million. During the same quarter last year, the company earned $1.06 earnings per share. On average, equities 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 disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, September 10th. CNO Financial Group's dividend payout ratio is 25.09%.

Insider Buying and Selling at CNO Financial Group

In related news, insider Michael E. Mead sold 12,581 shares of the firm'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 transaction, the insider owned 15,729 shares of the company's stock, valued at $597,230.13. This trade represents a 44.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.00% of the stock is owned by insiders.

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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