CNO Financial Group Inc (NYSE: CNO) has a price-to-earnings ratio that is above its average at 10.53x. The stock has a 36-month beta value of 1.05. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for CNO is 105.86M, and at present, short sellers hold a 2.14% of that float. On April 11, 2024, the average trading volume of CNO was 741.80K shares.
CNO) stock’s latest price update
The stock of CNO Financial Group Inc (NYSE: CNO) has decreased by -2.57 when compared to last closing price of 26.05. Despite this, the company has experienced a -5.16% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-05 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
CNO’s Market Performance
CNO’s stock has fallen by -5.16% in the past week, with a monthly drop of -4.98% and a quarterly drop of -5.72%. The volatility ratio for the week is 2.05% while the volatility levels for the last 30 days are 1.76% for CNO Financial Group Inc The simple moving average for the past 20 days is -5.42% for CNO’s stock, with a -0.07% simple moving average for the past 200 days.
Analysts’ Opinion of CNO
Many brokerage firms have already submitted their reports for CNO stocks, with Evercore ISI repeating the rating for CNO by listing it as a “Underperform.” The predicted price for CNO in the upcoming period, according to Evercore ISI is $26 based on the research report published on January 04, 2024 of the current year 2024.
RBC Capital Mkts gave a rating of “Outperform” to CNO, setting the target price at $25 in the report published on September 13th of the previous year.
CNO Trading at -5.53% from the 50-Day Moving Average
After a stumble in the market that brought CNO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.60% of loss for the given period.
Volatility was left at 1.76%, however, over the last 30 days, the volatility rate increased by 2.05%, as shares sank -5.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.84% lower at present.
During the last 5 trading sessions, CNO fell by -5.19%, which changed the moving average for the period of 200-days by +13.31% in comparison to the 20-day moving average, which settled at $26.76. In addition, CNO Financial Group Inc saw -9.03% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CNO starting from DeToro Karen, who sale 2,778 shares at the price of $27.10 back on Apr 09 ’24. After this action, DeToro Karen now owns 69,605 shares of CNO Financial Group Inc, valued at $75,284 using the latest closing price.
DeToro Karen, the President, Worksite Division of CNO Financial Group Inc, sale 2,666 shares at $27.12 during a trade that took place back on Apr 02 ’24, which means that DeToro Karen is holding 72,383 shares at $72,302 based on the most recent closing price.
Stock Fundamentals for CNO
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.75 for the gross margin
The net margin for CNO Financial Group Inc stands at 0.07. The total capital return value is set at 0.01. Equity return is now at value 15.29, with 0.92 for asset returns.
Based on CNO Financial Group Inc (CNO), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 1.87. The interest coverage ratio of the stock is 1.27.
Currently, EBITDA for the company is 356.8 million with net debt to EBITDA at 8.09. When we switch over and look at the enterprise to sales, we see a ratio of 1.47. The receivables turnover for the company is 0.83for trailing twelve months and the total asset turnover is 0.13.
Conclusion
To sum up, CNO Financial Group Inc (CNO) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
