The stock of CNO Financial Group Inc. (NYSE:CNO) increased by $0.3 on Friday to finish at $24.76, up 1.23 percent. The last five days have seen an average of 497,180 shares of common stock traded. 8 times new highs were reached in the current year, with a gain of $1.91. The average number of shares traded over the last 20 days was 645,860, while the average volume over the last 50 days totaled 707,850.
CNO stock appreciated 1.93% since last month. On 08/01/23, the company’s shares reached a one-month low of $23.36. The stock touched a high of $26.35 on 02/23/23, after rallying from a low of $17.48 in 52 weeks. The price of CNO stock has risen by 8.36% or $1.91 this year, reaching a new high 8 times. Still, the stock price is down -6.03% from the 52-week high.
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Insider Transactions
CNO stock investors should be aware that CNO Financial Group Inc. (CNO) stock had its last reported insider trading activity 19 days ago on Jul 26. On Jul 26, Chief Marketing Officer TARASI ROCCO F III sold 750 shares at $25.50 each. This transaction resulted in the insider making $19,125. On Jul 19, TARASI ROCCO F III sold 750 shares at a price of US$25.00. After the transaction, the insider now owns 76,718 shares. Chief Marketing Officer TARASI ROCCO F III had earlier sold 2,000 shares on Jun 20 for $22.84 a share. The transaction was completed for $45,680.
Valuation Metrics
CNO Financial Group Inc. (CNO) has a trailing price-to-earnings (P/E) ratio of 12.96. Beta for the stock is 1.16. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.70, the price-to-book (PB) ratio of 1.40, and the price-to-cash flow ratio of 5.61.
Company paid $0.15 per share in dividends, remained unchanged from $0.15 last year. A $0.01 dividend increase was reported on Friday May 5 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.99, and the total debt to equity ratio is 1.99. CNO Financial Group Inc.’s operating margin stood at 17.90% for the same period.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CNO’s return on assets (ROA) during the last 12 months has been 1.40%. There was a 9.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 25.60%.
Earnings Surprise
According to CNO Financial Group Inc.’s quarterly financial report for the quarter that ended June 29. Net income for the quarter came in at $1.02 billion, while revenues rose by 16.41% to $1.01 billion. It was predicted that CNO Financial Group Inc.’s quarterly earnings would be $0.54, but it ended up being $0.67, beating the consensus by -19.40%. At the end of CNO Financial Group Inc.’s most recent quarter ended June 29, its total debt was $3.98 billion. Equity owned by shareholders amounts to $113.0 million.
Technical Picture
Here’s a quick look at CNO Financial Group Inc.’s (CNO) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 49.96%, suggesting the stock is Neutral, with a 32.58% historical volatility rate.
The stochastic %K and %D were 47.03% and 51.21% respectively, while the average true range (ATR) was 0.64. Based on the 14-day stochastic reading of 54.26%, the RSI (14) reading is 52.65%. On the 9-day MACD Oscillator, the stock is at -0.14, and the 14-day reading is at -0.42.
