Voya Investment Management LLC decreased its holdings in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 38.7% during the 1st quarter, according to 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 period. Voya Investment Management LLC owned about 0.11% of CNO Financial Group worth $4,424,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Neo Ivy Capital Management acquired a new position in shares of CNO Financial Group in the first quarter valued at approximately $28,000. UMB Bank n.a. grew its position in shares of CNO Financial Group by 89.7% in the first quarter. UMB Bank n.a. now owns 1,009 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 477 shares during the last quarter. Versant Capital Management Inc grew its position in shares of CNO Financial Group by 148.6% in the first quarter. Versant Capital Management Inc now owns 1,099 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 657 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of CNO Financial Group by 637.4% in the first quarter. Geneos Wealth Management Inc. now owns 1,438 shares of the financial services provider's stock valued at $60,000 after purchasing an additional 1,243 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of CNO Financial Group in the first quarter valued at approximately $92,000. Institutional investors own 95.43% of the company's stock.
Insider Activity at CNO Financial Group
In other CNO Financial Group news, insider Michael E. Mead sold 12,581 shares of the firm's stock in a transaction 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 owned 15,729 shares in the company, valued at $597,230.13. This trade represents a 44.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.00% of the company's stock.
CNO Financial Group Price Performance
CNO Financial Group stock opened at $39.64 on Friday. CNO Financial Group, Inc. has a 12 month low of $33.85 and a 12 month high of $43.20. The stock's 50 day moving average is $38.14 and its 200-day moving average is $38.40. 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 $3.84 billion, a price-to-earnings ratio of 14.63 and a beta of 0.90.
CNO Financial Group (NYSE:CNO - Get Free Report) last posted its earnings results on Monday, July 28th. The financial services provider reported $0.87 EPS for the quarter, beating the consensus estimate 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 in the prior year, the business earned $1.06 earnings per share. Equities research analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current year.
CNO Financial Group Announces Dividend
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 given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. CNO Financial Group's dividend payout ratio is presently 25.09%.
About CNO Financial Group
(
Free Report)
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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