CNO Financial Group Inc (NYSE:CNO) saw an upside of 1.44% to close Friday at $23.87 after adding $0.34 on the day. The 5-day average trading volume is 633,320 shares of the company’s common stock. It has gained $24.11 in the past week and touched a new high 3 times within the past 5 days. An average of 626,945 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 585,986.
CNO’s 1-month performance is 3.56% or $1.13 on its low of $22.66 reached on 08/23/23. The company’s shares have touched a 52-week low of $17.48 and high of $26.35, with the stock’s rally to the 52-week high happening on 02/23/23. YTD, CNO has achieved 4.46% or $1.02 and has reached a new high 8 times. However, the current price is down -9.41% from the 52-week high price.
Insider Transactions
CNO stock investors last saw insider trading activity on Sep 19.Bhojwani Gary C (Chief Executive Officer) most recently sold 20,833 shares at $24.00 per share on Sep 19. This transaction cost the insider $499,992. President, Consumer Division, Goldberg Scott L., sold 4,000 shares at a price of $24.00 on Sep 19. Then, on Sep 08, Chief Executive Officer Bhojwani Gary C sold 21,739 shares at a price of $23.00 per share. This transaction amounted to $499,997.
Valuation Metrics
CNO stock has a beta of 1.15. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.69 while the price-to-book (PB) in the most recent quarter is 1.36, with the price to cash flow ratio at 4.89.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.91, while the total debt to equity was 1.99.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income shrunk -84.67% to $73.7 million, while revenue of -$0.8 million was 101.09% off the previous quarter. Analysts expected CNO to announce $0.67 per share in earnings in its latest quarter, but it posted $0.54, representing a -19.40% surprise. Shareholders hold equity totaling $113.0 million.
Let’s look briefly at CNO Financial Group Inc (CNO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 58.04% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.59%.
The stock’s 5-day moving average is $23.76, reflecting a +0.04% or $0.01 change from its current price. CNO is currently trading +2.76% above its 20-day SMA, +4.92% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -1.73% and SMA200 by+5.29%.
Stochastic %K and %D was 66.13% and 70.73% and the average true range (ATR) pointed at 0.42. The RSI (14) points at 54.05%, while the 14-day stochastic is at 80.32% with the period’s ATR at 0.44. The stock’s 9-day MACD Oscillator is pointing at 0.00 and 0.16 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for CNO stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate CNO as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is CNO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $24.00 and a high of $29.00, with their median price target at $25.50. Looking at these predictions, the average price target given by analysts is for CNO Financial Group Inc (CNO) stock is $25.67.
