Harbor Capital Advisors Inc. Sells 40,066 Shares of CNO Financial Group, Inc. $CNO

Harbor Capital Advisors Inc. decreased its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 98.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 758 shares of the financial services provider’s stock after selling 40,066 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in CNO Financial Group were worth $29,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CNO. American Century Companies Inc. lifted its stake in CNO Financial Group by 9.3% in the first quarter. American Century Companies Inc. now owns 2,938,034 shares of the financial services provider’s stock valued at $122,369,000 after purchasing an additional 250,173 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of CNO Financial Group by 10.2% during the first quarter. Invesco Ltd. now owns 990,776 shares of the financial services provider’s stock worth $41,266,000 after purchasing an additional 91,550 shares during the period. Allianz Asset Management GmbH boosted its position in shares of CNO Financial Group by 6.6% in the 1st quarter. Allianz Asset Management GmbH now owns 904,795 shares of the financial services provider’s stock worth $37,685,000 after purchasing an additional 56,388 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in CNO Financial Group by 15.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 772,371 shares of the financial services provider’s stock worth $32,424,000 after purchasing an additional 100,735 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of CNO Financial Group by 1.6% during the 1st quarter. Victory Capital Management Inc. now owns 743,088 shares of the financial services provider’s stock valued at $30,950,000 after acquiring an additional 11,983 shares during the period. 95.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In other CNO Financial Group news, insider Michael E. Mead sold 12,581 shares of CNO Financial Group stock in a transaction on Monday, July 7th. The shares were 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 in the company, valued at approximately $597,230.13. The trade was a 44.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is owned by corporate insiders.

CNO Financial Group Stock Up 0.2%

Shares of NYSE CNO opened at $39.64 on Friday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.50. CNO Financial Group, Inc. has a 12-month low of $33.85 and a 12-month high of $43.20. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 14.63 and a beta of 0.90. The firm’s 50-day moving average price is $38.14 and its 200-day moving average price is $38.39.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. CNO Financial Group had a net margin of 6.41% and a return on equity of 16.63%. The firm 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 firm earned $1.06 earnings per share. On average, equities research analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, September 10th. CNO Financial Group’s dividend payout ratio (DPR) is currently 25.09%.

CNO Financial Group Company 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.