CNO Financial Group Inc. (NYSE: CNO) on January 24, 2023, started off the session at the price of $22.83, soaring 2.00% from the previous trading day. During the day, the shares moved up to $23.585 and dropped to $22.815 before settling in for the closing price of $23.01. Within the past 52 weeks, CNO’s price has moved between $16.56 and $26.74.
Annual sales at Financial sector company grew by 0.40% over the past five years. The company achieved an average annual earnings per share of 79.80%. With a float of $112.60 million, this company’s outstanding shares have now reached $114.35 million.
Let’s look at the performance matrix of the company that is accounted for 3350 employees.
CNO Financial Group Inc. (CNO) Insider Updates
Observing investor behavior towards Insurance – Life industry stocks is more important than anything else. The insider ownership of CNO Financial Group Inc. is 0.30%, while institutional ownership is 99.60%. The most recent insider transaction that took place on Aug 16, was worth 120,000. In this transaction Director of this company sold 6,000 shares at a rate of $20.00, taking the stock ownership to the 61,118 shares. Before that another transaction happened on Jun 01, when Company’s Director sold 3,000 for $20.42, making the entire transaction worth $61,260. This insider now owns 67,118 shares in total.
CNO Financial Group Inc. (CNO) Performance Highlights and Predictions
As on 6/29/2022, Multinational firm has announced its last quarter scores, in which it reported $0.85 earnings per share (EPS) for the period topping the consensus outlook (set at $0.48) by $0.37. This company achieved a net margin of +10.70 while generating a return on equity of 8.21. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.55 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 79.80% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to 10.90% growth over the previous five years of trading.
CNO Financial Group Inc. (NYSE: CNO) Trading Performance Indicators
CNO Financial Group Inc. (CNO) is currently performing well based on its current performance indicators. A price to sales ratio for the trailing twelve months stands at 0.72. Likewise, its price to free cash flow for the trailing twelve months is 6.77.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.92, a number that is poised to hit 0.56 in the next quarter and is forecasted to reach 2.33 in one year’s time.
Technical Analysis of CNO Financial Group Inc. (CNO)
CNO Financial Group Inc. (NYSE: CNO) saw its 5-day average volume 0.59 million, a negative change from its year-to-date volume of 0.63 million. As of the previous 9 days, the stock’s Stochastic %D was 58.60%. Additionally, its Average True Range was 0.51.
During the past 100 days, CNO Financial Group Inc.’s (CNO) raw stochastic average was set at 92.30%, which indicates a significant increase from 69.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.68% in the past 14 days, which was lower than the 30.42% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.79, while its 200-day Moving Average is $20.60. Nevertheless, the first resistance level for the watch stands at $23.76 in the near term. At $24.06, the stock is likely to face the second major resistance level. The third major resistance level sits at $24.53. If the price goes on to break the first support level at $23.00, it is likely to go to the next support level at $22.52. Assuming the price breaks the second support level, the third support level stands at $22.23.
CNO Financial Group Inc. (NYSE: CNO) Key Stats
Market capitalization of the company is 2.64 billion based on 114,403K outstanding shares. Right now, sales total 4,122 M and income totals 441,000 K. The company made 905,300 K in profit during its latest quarter, and 105,000 K in sales during its previous quarter.