CNO Financial Group, Inc. $CNO Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in CNO Financial Group, Inc. (NYSE:CNO) by 32.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 85,154 shares of the financial services provider’s stock after purchasing an additional 20,812 shares during the quarter. Intech Investment Management LLC owned 0.09% of CNO Financial Group worth $3,547,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Jane Street Group LLC raised its stake in shares of CNO Financial Group by 146.4% during the 1st quarter. Jane Street Group LLC now owns 149,159 shares of the financial services provider’s stock worth $6,212,000 after buying an additional 88,619 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of CNO Financial Group by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 376,747 shares of the financial services provider’s stock worth $15,692,000 after acquiring an additional 20,728 shares during the last quarter. United Services Automobile Association acquired a new position in CNO Financial Group in the 1st quarter valued at about $294,000. Caxton Associates LLP purchased a new position in shares of CNO Financial Group during the 1st quarter worth $692,000. Finally, Petrus Trust Company LTA purchased a new position in shares of CNO Financial Group during the 1st quarter worth about $349,000. Hedge funds and other institutional investors own 95.43% of the company’s stock.

CNO Financial Group Stock Down 0.8%

Shares of CNO opened at $39.26 on Friday. The firm has a market cap of $3.81 billion, a PE ratio of 14.49 and a beta of 0.90. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.50. The company’s fifty day moving average is $37.91 and its two-hundred day moving average is $38.45. CNO Financial Group, Inc. has a fifty-two week low of $32.87 and a fifty-two week high of $43.20.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.87 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 period last year, the business posted $1.06 EPS. Analysts forecast that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, September 10th. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. CNO Financial Group’s payout ratio is presently 25.09%.

Insider Transactions 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 dated Monday, July 7th. The stock was sold at an average price of $37.97, for a total value of $477,700.57. Following the transaction, the insider directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

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.