CNO Financial Group, Inc. Announces Quarterly Dividend of $0.17 (NYSE:CNO)

CNO Financial Group, Inc. (NYSE:CNO) announced a quarterly dividend on Wednesday, February 11th. Stockholders of record on Tuesday, March 10th will be given a dividend of 0.17 per share by the financial services provider on Tuesday, March 24th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, March 10th.

CNO Financial Group has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. CNO Financial Group has a dividend payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings. Analysts expect CNO Financial Group to earn $4.26 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 16.0%.

CNO Financial Group Stock Down 0.0%

CNO opened at $43.04 on Thursday. The firm has a 50-day simple moving average of $42.26 and a two-hundred day simple moving average of $40.36. CNO Financial Group has a 52 week low of $34.63 and a 52 week high of $44.85. The company has a market capitalization of $4.10 billion, a PE ratio of 19.30 and a beta of 0.84. The company has a quick ratio of 0.18, a current ratio of 0.17 and a debt-to-equity ratio of 1.43.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. The business had revenue of $101.10 million for the quarter, compared to the consensus estimate of $1 billion. CNO Financial Group had a return on equity of 15.80% and a net margin of 4.94%.The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.18 EPS. Analysts forecast that CNO Financial Group will post 3.83 earnings per share for the current fiscal year.

Insider Transactions at CNO Financial Group

In related news, CMO Rocco F. Tarasi III sold 9,283 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $42.60, for a total value of $395,455.80. Following the transaction, the chief marketing officer owned 73,932 shares of the company’s stock, valued at $3,149,503.20. This trade represents a 11.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gary C. Bhojwani sold 31,430 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $41.99, for a total transaction of $1,319,745.70. Following the completion of the sale, the chief executive officer directly owned 195,926 shares of the company’s stock, valued at approximately $8,226,932.74. This trade represents a 13.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On CNO Financial Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada grew its position in shares of CNO Financial Group by 29.5% during the 1st quarter. Royal Bank of Canada now owns 176,059 shares of the financial services provider’s stock worth $7,332,000 after buying an additional 40,054 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in CNO Financial Group by 1.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,757 shares of the financial services provider’s stock worth $2,531,000 after acquiring an additional 797 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in CNO Financial Group by 5.8% during the 1st 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 in the last quarter. Jane Street Group LLC grew its holdings in 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 acquiring an additional 88,619 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in CNO Financial Group by 637.4% during the 1st 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 period. 95.43% of the stock is owned by institutional investors.

About CNO Financial Group

CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.