Are we looking at the next big move in CNO Financial Group Inc (CNO)?

CNO Financial Group Inc (NYSE: CNO) is 22.19% higher on its value in year-to-date trading and has touched a low of $19.95 and a high of $28.01 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CNO stock was last observed hovering at around $27.95 in the last trading session, with the day’s loss setting it -0.03% off its average median price target of $27.00 for the next 12 months. It is also 0.29% off the consensus price target high of $28.00 offered by 6 analysts, but current levels are -16.33% lower than the price target low of $24.00 for the same period.

Currently trading at $27.92, the stock is 4.22% and 10.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing -0.11% at the moment leaves the stock 18.49% off its SMA200. CNO registered 22.78% gain for a year compared to 6-month gain of 24.70%. The firm has a 50-day simple moving average (SMA 50) of $1.73.

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The stock witnessed a 7.34% loss in the last 1 month and extending the period to 3 months gives it a 15.13%, and is 5.96% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.28% over the week and 2.04% over the month.

CNO Financial Group Inc (CNO) has around 3400 employees, a market worth around $3.13B and $3.99B in sales. Current P/E ratio is 11.33 and Fwd P/E is 9.06. Profit margin for the company is 7.11%. Distance from 52-week low is 39.95% and -0.32% from its 52-week high. The company has generated returns on investments over the last 12 months (5.66%).

CNO Financial Group Inc (CNO) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for CNO Financial Group Inc (CNO) is a “Hold”. 6 analysts offering their recommendations for the stock have an average rating of 2.67, where 5 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

CNO Financial Group Inc is expected to release its quarterly report on 02/13/2024.The EPS is expected to grow by 20.10% this year.

CNO Financial Group Inc (CNO) Top Institutional Holders

The shares outstanding are 114.34M, and float is at 109.28M with Short Float at 1.68%.

CNO Financial Group Inc (CNO) Insider Activity

A total of 11 insider transactions have happened at CNO Financial Group Inc (CNO) in the last six months, with sales accounting for 10 and purchases happening 1 times. The most recent transaction is an insider sale by KLINE JOHN R,the company’sSVP and CAO. SEC filings show that KLINE JOHN R sold 5,757 shares of the company’s common stock on Dec 06 at a price of $27.07 per share for a total of $0.16 million. Following the sale, the insider now owns 64730.0 shares.

CNO Financial Group Inc disclosed in a document filed with the SEC on Dec 05 that Linnenbringer Jeanne L. (EVP and COO) sold a total of 1,784 shares of the company’s common stock. The trade occurred on Dec 05 and was made at $26.82 per share for $47847.0. Following the transaction, the insider now directly holds 44478.0 shares of the CNO stock.

Still, SEC filings show that on Dec 04, TARASI ROCCO F III (Chief Marketing Officer) disposed off 1,000 shares at an average price of $27.00 for $27000.0. The insider now directly holds 73,468 shares of CNO Financial Group Inc (CNO).

CNO Financial Group Inc (CNO): Who are the competitors?

The company’s main competitors (and peers) include Principal Financial Group Inc. (PFG) that is trading -7.78% down over the past 12 months. Manulife Financial Corp. (MFC) that is 22.41% higher over the same period.