XTX Topco Ltd Purchases New Position in CNO Financial Group, Inc. (NYSE:CNO)

Key Points

• XTX Topco Ltd has acquired a new position in CNO Financial Group, purchasing 23,770 shares valued at around $990,000 during the first quarter.
• CNO Financial Group reported earnings per share of $0.87 for the last quarter, surpassing expectations and showing strong revenue of $1.15 billion.
• CNO Financial Group's stock is currently trading at $35.46, reflecting a decrease of 3.7%, with a 52-week range between $30.48 and $43.20.

XTX Topco Ltd purchased a new stake in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 23,770 shares of the financial services provider's stock, valued at approximately $990,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CNO. Neo Ivy Capital Management purchased a new stake in shares of CNO Financial Group during the first quarter valued at approximately $28,000. UMB Bank n.a. grew its holdings in CNO Financial Group by 89.7% during 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 period. Versant Capital Management Inc grew its holdings in CNO Financial Group by 148.6% during 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 period. Headlands Technologies LLC grew its holdings in CNO Financial Group by 193.2% during the fourth quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock valued at $50,000 after purchasing an additional 881 shares during the period. Finally, Quarry LP grew its position in shares of CNO Financial Group by 137.8% in the fourth quarter. Quarry LP now owns 1,334 shares of the financial services provider's stock valued at $50,000 after purchasing an additional 773 shares in the last quarter. 95.43% of the stock is owned by hedge funds and other institutional investors.

CNO Financial Group Stock Performance

Shares of NYSE CNO traded down $1.01 during mid-day trading on Thursday, hitting $35.88. The company had a trading volume of 229,521 shares, compared to its average volume of 714,946. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 13.24 and a beta of 0.90. CNO Financial Group, Inc. has a 1 year low of $31.16 and a 1 year high of $43.20. The company has a current ratio of 0.17, a quick ratio of 0.18 and a debt-to-equity ratio of 1.50. The stock's 50-day moving average price is $37.42 and its 200-day moving average price is $38.74.

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 (EPS) for the quarter, topping 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 business posted $1.06 earnings per share. On average, sell-side analysts forecast that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.9%. CNO Financial Group's dividend payout ratio (DPR) is currently 25.09%.

Insider Transactions at CNO Financial Group

In other CNO Financial Group news, insider Michael E. Mead sold 12,581 shares of CNO Financial Group stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $37.97, for a total transaction of $477,700.57. Following the completion of the sale, the insider owned 15,729 shares of the company's stock, valued at $597,230.13. The trade was 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 currently owned by company 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.