Nuveen LLC Acquires New Stake in CNO Financial Group, Inc. $CNO

by · The Cerbat Gem

Nuveen LLC purchased a new stake in shares of CNO Financial Group, Inc. (NYSE:CNO – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 577,926 shares of the financial services provider’s stock, valued at approximately $24,071,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CNO. LPL Financial LLC lifted its position in CNO Financial Group by 5.1% in the 4th quarter. LPL Financial LLC now owns 18,679 shares of the financial services provider’s stock valued at $695,000 after acquiring an additional 907 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of CNO Financial Group by 29.7% during the fourth quarter. Wells Fargo & Company MN now owns 66,255 shares of the financial services provider’s stock valued at $2,465,000 after purchasing an additional 15,178 shares in the last quarter. Raymond James Financial Inc. purchased a new position in CNO Financial Group in the fourth quarter worth about $2,295,000. Barclays PLC lifted its holdings in shares of CNO Financial Group by 22.1% in the 4th quarter. Barclays PLC now owns 267,567 shares of the financial services provider’s stock worth $9,957,000 after acquiring an additional 48,426 shares during the last quarter. Finally, Mariner LLC grew its holdings in shares of CNO Financial Group by 6.7% in the fourth quarter. Mariner LLC now owns 6,116 shares of the financial services provider’s stock worth $228,000 after purchasing an additional 385 shares during the last quarter. Institutional investors own 95.43% of the company’s stock.

Insider Buying and Selling 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 transaction of $477,700.57. Following the transaction, the insider owned 15,729 shares of the company’s stock, valued at approximately $597,230.13. This trade represents a 44.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.38% of the company’s stock.

CNO Financial Group Stock Up 0.3%

Shares of NYSE CNO opened at $37.75 on Tuesday. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 13.93 and a beta of 0.90. CNO Financial Group, Inc. has a 52-week low of $31.40 and a 52-week high of $43.20. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a 50 day moving average price of $37.31 and a 200 day moving average price of $38.62.

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 earnings per share for the quarter, topping 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 period last year, the firm earned $1.06 EPS. Sell-side analysts expect that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.8%. CNO Financial Group’s dividend payout ratio is currently 25.09%.

CNO Financial Group Profile

(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.

Further Reading

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