Voya Investment Management LLC Sells 66,947 Shares of CNO Financial Group, Inc. $CNO

Key Points

• Voya Investment Management LLC has reduced its stake in CNO Financial Group by 38.7%, selling 66,947 shares and retaining 106,207 shares worth $4.42 million.
• CNO Financial Group reported an EPS of $0.87 for the last quarter, exceeding estimates and demonstrating a 16.63% return on equity.
• The company declared a quarterly dividend of $0.17 per share, reflecting an annual yield of 1.7% with a payout ratio of 25.09%.

Voya Investment Management LLC cut its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 38.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,207 shares of the financial services provider's stock after selling 66,947 shares during the quarter. Voya Investment Management LLC owned approximately 0.11% of CNO Financial Group worth $4,424,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CNO. Blue Trust Inc. boosted its stake in CNO Financial Group by 10.4% during the first quarter. Blue Trust Inc. now owns 4,804 shares of the financial services provider's stock valued at $200,000 after buying an additional 451 shares during the last quarter. UMB Bank n.a. raised 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 acquiring an additional 477 shares in the last quarter. GAMMA Investing LLC increased 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 worth $119,000 after purchasing an additional 572 shares during the last quarter. State of Wyoming increased its position in CNO Financial Group by 6.1% in the first quarter. State of Wyoming now owns 10,602 shares of the financial services provider's stock worth $442,000 after purchasing an additional 611 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in CNO Financial Group by 13.1% in the first quarter. PNC Financial Services Group Inc. now owns 5,483 shares of the financial services provider's stock worth $228,000 after purchasing an additional 633 shares during the last quarter. Hedge funds and other institutional investors own 95.43% of the company's stock.

Insider Activity

In related news, insider Michael E. Mead sold 12,581 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $37.97, for a total value of $477,700.57. Following the sale, the insider directly owned 15,729 shares of the company's stock, valued at $597,230.13. This represents a 44.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.38% of the company's stock.

CNO Financial Group Price Performance

Shares of NYSE:CNO traded up $0.28 on Tuesday, reaching $40.08. The company's stock had a trading volume of 40,646 shares, compared to its average volume of 722,666. CNO Financial Group, Inc. has a 52-week low of $33.85 and a 52-week high of $43.20. The company has a market cap of $3.88 billion, a P/E ratio of 14.80 and a beta of 0.90. The company has a 50-day simple moving average of $38.19 and a 200 day simple moving average of $38.38. 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 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. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $971.25 million. CNO Financial Group had a net margin of 6.41% and a return on equity of 16.63%. During the same quarter last year, the firm earned $1.06 EPS. As a group, equities research analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, September 10th. CNO Financial Group's dividend payout ratio (DPR) is 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.