A new trading day began on Friday, with CNO Financial Group Inc (NYSE: CNO) stock price up 4.42% from the previous day of trading, before settling in for the closing price of $34.40. CNO’s price has ranged from $22.71 to $36.65 over the past 52 weeks.
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A company in the Financial sector has dropped its sales by -0.31% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 16.77%. With a float of $102.82 million, this company’s outstanding shares have now reached $109.36 million.
In an organization with 3500 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 76.3%, operating margin of 1.02%, and the pretax margin is 7.82%.
CNO Financial Group Inc (CNO) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Insurance – Life Industry. The insider ownership of CNO Financial Group Inc is 2.79%, while institutional ownership is 94.40%. The most recent insider transaction that took place on Sep 03 ’24, was worth 187,113. In this transaction Chief Operations Officer of this company sold 5,364 shares at a rate of $34.88, taking the stock ownership to the 44,884 shares. Before that another transaction happened on Sep 05 ’24, when Company’s Chief Operations Officer sold 5,435 for $34.26, making the entire transaction worth $186,192. This insider now owns 37,663 shares in total.
CNO Financial Group Inc (CNO) Performance Highlights and Predictions
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 1.18 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.77 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 16.77% per share during the next fiscal year.
CNO Financial Group Inc (NYSE: CNO) Trading Performance Indicators
Here are CNO Financial Group Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of N/A. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.88. Likewise, its price to free cash flow for the trailing twelve months is 7.02.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.49, a number that is poised to hit 1.05 in the next quarter and is forecasted to reach 3.71 in one year’s time.
Technical Analysis of CNO Financial Group Inc (CNO)
Let’s dig in a bit further. During the last 5-days, its volume was 0.69 million. That was inferior than the volume of 0.74 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 39.17%. Additionally, its Average True Range was 0.81.
During the past 100 days, CNO Financial Group Inc’s (CNO) raw stochastic average was set at 90.27%, which indicates a significant increase from 63.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.54% in the past 14 days, which was lower than the 28.68% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $34.53, while its 200-day Moving Average is $29.70. However, in the short run, CNO Financial Group Inc’s stock first resistance to watch stands at $37.02. Second resistance stands at $38.12. The third major resistance level sits at $39.29. If the price goes on to break the first support level at $34.75, it is likely to go to the next support level at $33.58. Assuming the price breaks the second support level, the third support level stands at $32.48.
CNO Financial Group Inc (NYSE: CNO) Key Stats
With a market capitalization of 3.97 billion, the company has a total of 105,765K Shares Outstanding. Currently, annual sales are 4,147 M while annual income is 276,500 K. The company’s previous quarter sales were 1,066 M while its latest quarter income was 116,300 K.
