The stock of CNO Financial Group Inc (CNO) has gone down by -0.47% for the week, with a 6.63% rise in the past month and a 17.74% rise in the past quarter. The volatility ratio for the week is 1.67%, and the volatility levels for the past 30 days are 1.77% for CNO. The simple moving average for the last 20 days is -0.80% for CNO stock, with a simple moving average of 17.81% for the last 200 days.
Is It Worth Investing in CNO Financial Group Inc (NYSE: CNO) Right Now?
The price-to-earnings ratio for CNO Financial Group Inc (NYSE: CNO) is above average at 8.87x, Company’s 36-month beta value is 1.03.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 1 as “sell.”
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The public float for CNO is 102.80M, and currently, short sellers hold a 2.09% ratio of that floaft. The average trading volume of CNO on October 11, 2024 was 779.72K shares.
CNO) stock’s latest price update
CNO Financial Group Inc (NYSE: CNO)’s stock price has decreased by -0.32 compared to its previous closing price of 34.35. However, the company has seen a -0.47% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-10-08 that DXC, HCI and CNO made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 8, 2024.
Analysts’ Opinion of CNO
Many brokerage firms have already submitted their reports for CNO stocks, with Piper Sandler repeating the rating for CNO by listing it as a “Overweight.” The predicted price for CNO in the upcoming period, according to Piper Sandler is $29 based on the research report published on April 16, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see CNO reach a price target of $26, previously predicting the price at $24. The rating they have provided for CNO stocks is “Underperform” according to the report published on January 04th, 2024.
CNO Trading at 2.08% 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 -3.90% of loss for the given period.
Volatility was left at 1.77%, however, over the last 30 days, the volatility rate increased by 1.67%, as shares surge +4.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.78% lower at present.
During the last 5 trading sessions, CNO fell by -0.47%, which changed the moving average for the period of 200-days by +22.64% in comparison to the 20-day moving average, which settled at $34.51. In addition, CNO Financial Group Inc saw 22.72% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CNO starting from Linnenbringer Jeanne L., who sale 5,364 shares at the price of $34.88 back on Sep 03 ’24. After this action, Linnenbringer Jeanne L. now owns 44,884 shares of CNO Financial Group Inc, valued at $187,113 using the latest closing price.
Linnenbringer Jeanne L., the Chief Operations Officer of CNO Financial Group Inc, sale 5,435 shares at $34.26 during a trade that took place back on Sep 05 ’24, which means that Linnenbringer Jeanne L. is holding 37,663 shares at $186,192 based on the most recent closing price.
Stock Fundamentals for CNO
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.76 for the gross margin
The net margin for CNO Financial Group Inc stands at 0.1. The total capital return value is set at 0.02. Equity return is now at value 19.54, with 1.38 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 0.12. The debt to equity ratio resting at 1.86. The interest coverage ratio of the stock is 2.72.
Currently, EBITDA for the company is 356.8 million with net debt to EBITDA at 25.71. When we switch over and look at the enterprise to sales, we see a ratio of 1.64. The receivables turnover for the company is 0.91for trailing twelve months and the total asset turnover is 0.13.
Conclusion
In a nutshell, CNO Financial Group Inc (CNO) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
