So Far This Year, CNO Financial Group Inc. (CNO) Reached A New High 3 times

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As of Wednesday close, CNO Financial Group Inc.’s (NYSE:CNO) stock was down -$0.02, moving down -0.09 percent to $23.04. The average number of shares traded per day over the past five days has been 584,080 shares. 3 times new highs have been achieved over the past 5 days, with a $0.96 gain in that time frame. In the last twenty days, the average volume was 830,455, while in the previous 50 days, it was 825,948.

Since last month, CNO stock rose 10.88%. Shares of the company fell to $19.97 on 10/24/22, the lowest level in the past month. A 52-week high of $26.74 was reached on 02/09/22 after having rallying from a 52-week low of $16.56. Since the beginning of this year, CNO’s stock price has dropped by -3.36% or -$0.80, and marked a new high 8 times. However, the stock has declined by -13.84% since its 52-week high.


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CNO stock investors should be aware that CNO Financial Group Inc. (CNO) stock had its last reported insider trading activity 100 days ago on Aug 16. Sievert Frederick James, the Director of the company, disposed of 6,000 shares for $20.00 on Aug 16. It resulted in a $120,000 divestment by the insider. Sievert Frederick James sold 3,000 shares at an average price of $20.42 on Jun 01. The insider now owns 67,118 shares following the transaction. On May 19, Director Foss David B bought 3,000 shares at $19.53 apiece. The transaction was valued at $58,587.

Valuation Metrics

Right now, CNO Financial Group Inc. (CNO) has a P/E ratio of about 5.88. The stock’s beta is 1.16. Besides these, the trailing price-to-sales (P/S) ratio of 0.70, the price-to-book (PB) ratio of 2.03, and the price-to-cash flow ratio of 6.61 may also be considered.

The latest dividend of $0.14 per share was paid out, remained unchanged from last year’s $0.14. On Friday May 6 2022, a $0.01 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 3.00, and the total debt-to-equity ratio was 3.00. In the year ended June 29, operating margins totaled 19.70%.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.80%. Return on equity (ROE) for the past 12 months was 15.10%.

In CNO Financial Group Inc.’s quarter-end financial report for June 29, it reported total debt of $1.14 billion. CNO’s revenue fell -6.96% to $855.0 million during the quarter, while net income inched up to $905.3 million. While analysts expected CNO Financial Group Inc. to report $0.48 quarterly earnings, the actual figure was $0.85 per share, beating the consensus estimate by 77.10%. The value of shareholders’ equity is $114.4 million.

Technical Picture

This quick technical analysis looks at CNO Financial Group Inc.’s (CNO) price momentum. With a historical volatility rate of 19.58%, the RSI 9-day stood at 68.48% on 23 November.

With respect to its five-day moving average, the current CNO Financial Group Inc. price is up by +4.35% percent or $0.96. At present, CNO shares trade +11.36% above its 20-day simple moving average and +28.00% percent above its 100-day simple moving average. However, the stock is currently trading approximately +21.14% above its SMA50 and -11.28% below its SMA200.

Stochastic coefficient K was 88.89% and Stochastic coefficient D was 82.33%, while ATR was 0.54. Given the Stochastic reading of 92.42% for the 14-day period, the RSI (14) reading has been calculated as 66.72%. As of today, the MACD Oscillator reading stands at 0.33, while the 14-day reading stands at 0.56.

Analyst Ratings

RBC Capital Mkts launched its rating on CNO Financial Group Inc. (NYSE: CNO) to an Outperform in a note to investors on September 13, 2022. CNO Financial Group Inc. (CNO) has been rated Hold by analysts. According to 1 brokerage firm, CNO is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate CNO Financial Group Inc. stock as buy, with 1 recommending it as overweight.

With a median target price of $23.00, the current consensus forecast for the stock is $20.00 – $26.00. Based on these forecasts, analysts predict CNO Financial Group Inc. (CNO) will achieve an average price target of $23.14.

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