The stock of CNO Financial Group Inc (CNO) has seen a 11.98% increase in the past week, with a 12.14% gain in the past month, and a 21.63% flourish in the past quarter. The volatility ratio for the week is 3.64%, and the volatility levels for the past 30 days are at 2.23% for CNO. The simple moving average for the last 20 days is 7.85% for CNO stock, with a simple moving average of 28.84% for the last 200 days.
Is It Worth Investing in CNO Financial Group Inc (NYSE: CNO) Right Now?
CNO Financial Group Inc (NYSE: CNO) has a price-to-earnings ratio of 15.49x that is above its average ratio. Additionally, the 36-month beta value for CNO is 1.03. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”
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The public float for CNO is 102.82M and currently, short sellers hold a 1.72% ratio of that float. The average trading volume of CNO on November 08, 2024 was 710.40K shares.
CNO) stock’s latest price update
CNO Financial Group Inc (NYSE: CNO)’s stock price has plunge by -2.95relation to previous closing price of 39.69. Nevertheless, the company has seen a 11.98% surge in its stock price over the last five trading sessions. zacks.com reported 2024-11-07 that CNO Financial’s Q3 results benefit from premium increases in its three product categories and strong investment results. It expects an operating EPS of $3.50-$3.60 for 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 10.68% 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 -3.24% of loss for the given period.
Volatility was left at 2.23%, however, over the last 30 days, the volatility rate increased by 3.64%, as shares surge +12.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.04% upper at present.
During the last 5 trading sessions, CNO rose by +11.98%, which changed the moving average for the period of 200-days by +40.17% in comparison to the 20-day moving average, which settled at $35.72. In addition, CNO Financial Group Inc saw 38.06% 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:
- 0.01 for the present operating margin
- 0.76 for the gross margin
The net margin for CNO Financial Group Inc stands at 0.06. The total capital return value is set at 0.0. Equity return is now at value 11.98, with 0.87 for asset returns.
Based on CNO Financial Group Inc (CNO), the company’s capital structure generated 0.62 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 1.6. The interest coverage ratio of the stock is 0.18.
Currently, EBITDA for the company is 356.8 million with net debt to EBITDA at -22.24. When we switch over and look at the enterprise to sales, we see a ratio of 1.6. The receivables turnover for the company is 1.16for trailing twelve months and the total asset turnover is 0.12.
Conclusion
In conclusion, CNO Financial Group Inc (CNO) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
